Hawaii News

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Mono-line Property for Coastal Exposures Market Detail: CATalyst Property Insurance from Venture Programs gives agents …

Even Best Practices Agencies Struggle To Grow in Soft Market

Revenue Growth Proves Challenge; Hiring New Producers Remains Priority The Independent Insurance Agents and Brokers of America (the Big “I”) recently released its annual “Best Practices Study,” a study of the leading agencies and brokers in the country The independent …

Liberty Mutual Drops Direct Sales to Middle Market Businesses; Puts Faith in Independent Agents

Liberty Mutual Group is throwing in the towel on direct distribution of insurance to middle market businesses. Since it couldn’t beat independent agents and brokers — who dominate sales in this segment — Liberty Mutual has decided to join them. …

Moa Rejoins Aloha Insurance

Aloha Insurance of Kailua-Kona, Hawaii, welcomes back flood expert Judy Moa, who recently returned from three months in Houston adjusting FEMA claims after Hurricane Ike. She was also involved in adjusting some of the Oahu and Kauai flood claims. Moa …

Nebraska Could Be Next State for Fire-Safe Cigarette Law

Nebraska has fallen out of the mainstream when it comes to smoking-related laws, but that could change. Thirty-seven states have passed laws requiring that all cigarettes sold in their states be fire-safe. Nebraska is not among them, but the state …

Hawaii Auto Insurance Fraud Convictions Increase 61%

The Insurance Fraud Investigation Unit of the Hawaii State Department of Commerce and Consumer Affairs experienced a 61 percent increase in criminal convictions for motor vehicle insurance fraud in 2008 over the previous year, according to the DCCA. Fraud Unit …

Texas, Oklahoma Among States Requiring Fire-Safe Cigarettes

Laws mandating stores only sell cigarettes that are slow-burning and fire-safe went into effect in five states on New Year’s Day, including Texas and Oklahoma. Those two states, plus Delaware, Iowa and Pennsylvania, joined 17 others in mandating the fire-safe …

Business Moves

OnPoint Underwriting, Commercial Insurance Services Atlanta-based OnPoint Underwriting acquired the assets of Commercial Insurance Services, based in Greenwood Village, Colo. Terms of the transaction were not disclosed. Commercial Insurance Services is led by Bob Hallameck, president, who will retain a …

States Rate Poorly on Consumer Insurance Information on Web

A national consumer group says state insurance departments vary in the quality of the information they provide consumers online, with differences in the usefulness of information such as the rates and practices of individual insurance companies. According to the Consumer …

President Provides Federal Aid for Hawaii Storms

President George W. Bush has declared Oahu and Kauai disaster areas, an action that provides federal aid to individuals and businesses, and for repair of public facilities damaged by mid-December storms. The aid does not apply to damage caused by …