Hurricane Season News

New study finds coastal population drain following hurricanes

A study conducted by the Earth Policy Institute concludes that a number of people who evacuated their homes in the wake of Hurricanes Katrina, Rita and Wilma may have left permanently. The EPI report, authored by the organization’s President Lester …

News Currents

There are “35 million people living along the hurricane-prone coast that stretches from North Carolina to Texas. Half of these live in Florida, 10 million on the Atlantic coast and seven million on the Gulf coast. As rising seas and …

News Currents

Premiums remain flat in second quarter except in hurricane-exposed regions, risk managers report According to the Risk and Insurance Management Society Inc.’s Benchmark Survey, commercial insurance premiums were flat to slightly lower in the second quarter of this year compared …

People and Places

Ogilvy-Hill Insurance elected Mark Shipp president and CEO. Shipp has been with Ogilvy Hill for 11 years. In addition to his new role as president/CEO he will continue to build new relationships in the field. Also, Phillip Hill was elected …

PCI: Judge’s Ruling on Prescription Period Sets Wrong Precedent

With nearly 95 percent of insurance claims from last year’s hurricane season already settled, the recent Louisiana district court ruling on the constitutionality of laws that extend the time period for consumers to file insurance claims or lawsuits regarding property …

First Meeting of Fla. Commercial JUA Board Scheduled for Tomorrow

The first meeting of the Board of Governors of the Florida Property and Casualty Joint Underwriting Association (PCJUA) is scheduled for Friday, August 25 in Tallahassee. Officials also revealed the name sof the memebrs of the JUA board. The August …

Coalition Says Insurer Group’s Disaster Plan is Insufficient

With the first anniversary of Hurricane Katrina one week away, the American Insurance Association (AIA) has unveiled a National Catastrophe Agenda designed to reinforce resilience to catastrophic hurricanes. But not everyone, including Allstate Insurance, agrees the AIA plan is the …

Not telling consumers about risks may be an agent’s biggest risk

Every year, just before daylight savings time rolls around, I get a package in the mail with a 9-volt battery. The package is from my mortgage company, sending me a reminder to change the battery in my smoke detector. That …

Hurricane forecasts lighten up

Forecasters are saying that the 2006 Atlantic hurricane season should be slightly less active than earlier predicted. The National Hurricane Center and other National Oceanic and Atmospheric Administration agencies said they now expect there to be 12 to 15 named …

La.’s Gov. Blanco: No Quick Fixes for Insurance Woes

Louisiana Gov. Kathleen Blanco met with insurance industry executives on Aug. 17, seeking ways to keep insurers writing homeowners policies in Louisiana after the twin punches of hurricanes Katrina and Rita. The private meeting produced no agreements or revelations that …