June 19, 2006
Last year’s Katrina-Rita disasters left behind many obstacles to recovery for businesses and with the start of another hurricane season, companies need to prepare for a another wave of predicted natural catastrophes, according to Dallas-based Haynes and Boone LLP Insurance …
June 19, 2006
State Farm adjusts rates in Texas State Farm Insurance recently submitted several filings to the Texas Department of Insurance, aiming for a balance with rate adjustments that include a reduction auto rates but an increase in homeowners premiums. The company …
June 19, 2006
The prospect of another nasty hurricane season has everyone in the insurance industry braced for a white-knuckle ride. The spectre of a hurricane hitting a major Northeast population center is hardly the stuff of Hollywood fantasy. Leading forecasters agree there …
June 19, 2006
Six hurricanes in 2005 caused $57.3 billion in insured losses, according to Insurance Information Institute, with Hurricane Katrina alone accounting for $40.6 billion of that total. And while many of the stories in newspapers and consumer magazines regarding damage from …
June 19, 2006
Last year’s Katrina-Rita disasters left behind many obstacles to recovery for businesses and with the start of another hurricane season, companies need to prepare for a another wave of predicted natural catastrophes, according to Dallas-based Haynes and Boone LLP Insurance …
June 16, 2006
Leon County Circuit Judge Janet Ferris has reaffirmed her approval of the Florida Department of Financial Services’ plan to protect and to smoothly transition nearly 330,000 policyholders with Atlantic Preferred, Southern Family and Florida Preferred insurance companies to Citizens Property …
June 13, 2006
Tropical Storm Alberto should be a warning to all coastal residents in Texas that the 2006 hurricane season may exceed the expectations for an overly active storm season. The Insurance Council of Texas urges everyone living along the coast to …
June 12, 2006
There were big gains this year in the number of Rhode Island homeowners with flood insurance, but the state still has one of the lowest rates in the country of participation in a federal flood insurance program, according to a …
June 12, 2006
U.S. commercial real estate (CRE) values in coastal areas, and in particular smaller multifamily properties, may suffer as insurance companies reduce loss exposure to hurricane-prone areas by increasing premiums, raising deductibles, dropping coverage amounts and even dropping coverage altogether following …
June 6, 2006
Independent insurance agents who are upset that conditions are being placed on their compensation have an important ally in Bob Rusbuldt, chief executive officer of Independent Insurance Agents and Broker of America, and the “go-to guy” on American Agency System …