Panama News

S. Floridians Viewed Hurricane Katrina as an Expensive Nuisance

Insurance adjusters scrambled to South Florida to work on claims before they realized Hurricane Katrina was going to cross into the Gulf of Mexico and become a catastrophic hurricane devastating Mississippi and Louisiana. Katrina slapped Dade and Broward counties with …

Philadelphia Insurance ‘Ironman’ CEO Joins Triathletes for Katrina Relief

James J. Maguire, Jr., chief executive officer of Philadelphia Insurance Companies, and several other triathletes from the company will compete in the Panama City Beach, Florida Ironman, (2.4 mile swim, 112 mile bike, and a 26.2 mile run) on November …

Policyholders Line Up to File Claims at Miss. Agency; Fla. Associations Offer Aid, Assistance to Kartina’s Victims

Insurance adjusters are scrambling around South Florida, where before crossing into the Gulf of Mexico and becoming a catastrophic hurricane, Katrina slapped Dade and Broward counties with damages experts estimate from $600 million to $2 billion, depending on who you …

UPDATE: 160 Confirmed Dead in Venezuelan Air Crash

As the deadly series of plane crashes continued – 4 since Aug. 2 – rescue workers continued to comb the wreckage of the West Caribbean MD-82 that went down yesterday in Venezuela, near the Colombian border. All 152 passengers and …

Venezuela Plane Crash Kills More than 150; Engine Trouble Reported

In the second major airline accident in just the last three days, officials reported Tuesday that all 153 passengers on a West Caribbean Airways flight from Panama to Martinique died when the plane went down in eastern Venezuela. Officials reported …

OneBeacon Sells National Farmers Union to QBE

OneBeacon Insurance Group in Boston has agreed to sell its National Farmers Union Property and Casualty Company (NFU) subsidiary to QBE Insurance Group for approximately $142 million, subject to adjustment based on closing book value. The transaction includes NFU’s wholly …

Ala. Preps for Hurricane Dennis

As the Alabama Independent Insurance Agents (AIIA) noted, it looks like Alabama is not going to catch any breaks this year when it comes to hurricanes. AIIA wants to help its members and their customers prepare for the coming of …

A Roundup of Fraud Activities Reported Across the Southeast

TRG Officials Must Pay $2.5 M Carmelo Zanfei and William Paul Crouse, accused by Florida’s Department of Financial Services of bilking more than 7,000 Floridians of more than $2.5 million in unpaid insurance bills, have pleaded guilty to charges of …

A Roundup of Fraud Activities Reported Across the Southeast

Carmelo Sanfei and William Paul Crouse, accused by Florida’s Department of Financial Services of bilking more than 7,000 Floridians of more than $2.5 million in unpaid insurance bills, have pleaded guilty to charges of racketeering and unlawful transaction of insurance. …

FAAI Conference Speaker: Rep. Bense Congratulates Fla. Agents

Rep. Allan G. Bense, (R-Panama City) Speaker of the Florida House of Representatives, and one of the most influential political figures in Florida, congratulated insurance companies, agents and claims personnel for their performance after last year’s hurricane season in a …