News Currents
Witt pointed out that as he looks across Florida, the Gulf coast states and America, he has recently seen more devastating events than have ever been witnessed in the history of the nation. He said that in today’s world and …
Former FEMA director promotes government-industry disaster mediation
Federal and state governments should work with private insurance companies to sponsor disaster mediation programs, according to a former head of the Federal Emergency Management Agency. James Lee Witt, president of James Lee Witt Associates and FEMA director in the …
News Currents
The excess flood market steps up where NFIP drops off Increased catastrophes raise visibility of excess coverage The historical lessons learned from Katrina and Rita and looming predictions of a future with bigger and stronger storms highlight more than ever …
Fidelity National P/C acquires Southern Family flood policies
Fidelity National Property and Casualty Insurance Co. has received approval from the Circuit Court of Florida to purchase all of the existing flood insurance policies of Southern Family Insurance Co. through the Florida Department of Financial Services. Fidelity National Property …
Former FEMA director promotes state, federal disaster mediation
Federal and state governments need to work with insurance companies to sponsor disaster mediation programs before something happens — before people who have worked all their lives for everything they have, all of a sudden, within minutes, lose all their …
Strong earnings keep insurers’ stock prices stable; M&A activity remains flat
Stock Prices: Insurers’ stock prices remained relatively stable during the second quarter of 2006. In a time of the year when stock prices tend to fluctuate depending on the weather forecast, companies were able to offset the fear of another …
Unitrin Specialty Offering Agents a Tool to Help Plan for Disaster
Dallas-based Unitrin Specialty announced it is now providing its agents with a new tool that helps small businesses plan for and recover from disaster. Open for Business, an Internet-based disaster recovery and risk assessment tool, was developed by the Institute …
Allstate Beats Wall Street Projections, Ups 2d Quarter Profit 5%
Allstate Corp. said this week that growth in premiums and stronger property-liability underwriting helped the insurer increase second-quarter profit by 5 percent. The nation’s largest publicly traded home, car and life insurer reported net income of $1.21 billion (euro970 million), …
Unitrin Specialty Helps Agents Plan for Disaster
Dallas, Texas – At least one in four small businesses that close because of a major disaster never reopen. That’s why Unitrin Specialty is providing its agents with a new tool that helps small businesses plan for and recover from …
Vesta Fire and Subsidiaries Headed for Liquidation in Texas
Vesta Fire Insurance Company (Vesta Fire) and its Texas subsidiary insurance companies have begun issuing notices to agents to cease writing new and renewal insurance business, including homeowners policies for Texas Select Lloyds customers, the Texas Department of Insurance announced. …
