State Farm Insurance announced it has submitted several filings to the Texas Department of Insurance as it prepares to implement rate adjustments in the state. The company is reducing auto rates but increasing homeowners rates. It also plans to offer …
Global insurance broker Willis Group Holdings announced that it has concluded “an exclusive reinsurance intermediary relationship with Accurate Environmental Forecasting, a provider of numerical weather prediction based hurricane hazard products. “The new information will offer Willis Re primary insurance clients …
A Spanish-language version of the Department of Financial Services’ consumer website has been launched to better serve Florida’s growing Hispanic population. “Nearly three million Hispanics call Florida home and need access to information that impacts their financial well-being and future,” …
A new, state-of-the-art catastrophe response vehicle designed to arrive on disaster scenes within 24 hours of a storm and give agents immediate access to customer records and policies so that the claims process can begin, has been unveiled by the …
A Leon County, Fla. circuit judge has approved putting three financially-troubled insurance companies under the state’s control, a move Florida’s Chief Financial Officer Tom Gallagher said will protect more than 320,000 Floridians this hurricane season. The insurance companies, Atlantic Preferred, …
The National Hurricane Center in Miami has announced the names of hurricanes to be used during the 2006 hurricane season, which begins June 1 and ends Nov. 30. Named hurricanes will be: Alberto, Beryl, Chris, Nay Deen, Debby, Ernesto, Florence, …
A new Special Report from the A.M. Best Company on the impact of a possible “mega-cat” hurricane — $100 billion or more in insured losses — finds that the financial consequences would be serious and widespread for the insurance industry …
On May 31, the eve of the 2006 hurricane season, Texas Watch, a non-profit consumer advocacy organization active on insurance issues, announced the launch of its Hurricane Insurance Company Accountability Network (ICAN) in Beaumont, Texas. Homeowners interested in receiving information …
Residents of the Northeast coast “ignore the hurricane threat at their peril,” a leading insurer is warning. At the same time, Wendy Baker, president of Lloyd’s America, says she is confident that the global insurance market is equipped to respond …
Rhode Island Gov. Don Carcieri has approved the state’s first hurricane plan in time for the June 1 start of the hurricane season. Under the plan, the state and other agencies will start emergency preparations 72 hours before a hurricane …
