Monthly Archives: <span>September 2005</span>

Melancon to Join Taylor on Retroactive Flood Insurance Bill

U.S. Rep. Charlie Melancon of Louisiana said he will co-sponsor Rep. Gene Taylor’s legislation allowing home and business owners without flood insurance when Hurricane Katrina struck to receive compensation retroactively through the National Flood Insurance Program. Taylor, D-Miss., discussed the …

Fla. Personal Lines Advisory Committee Slates First Meeting

The first meeting of a new 10-member Standard Personal Lines Advisory Committee, assigned to develop a standard homeowners insurance policy for Floridians that is easy to understand and offers comprehensive coverage, will be held Oct. 4 in Tallahassee. State lawmakers …

TDI Increases Assistance in East Texas; Expands Help Line Hours

The Texas Department of Insurance announced it is sending additional insurance specialists to East Texas to help consumers affected by Hurricane Rita. Six assistance centers have already been established around the state, and TDI is deploying mobile response teams to …

Mass. Auto Rates Certain to Go Down in 2006 as Bureau Calls for 5.4% Cut

One thing is known: auto insurance rates in Massachusetts will be going down in 2006. How much remains a matter for Insurance Commissioner Julianne Bowler to decide by the end of the year. Bowler today received her third recommendation, this …

Arch Insurance Redesigns Web site

Arch Insurance Group, a division of Arch Capital Group Ltd., has redesigned its Web site with fresh content, easy-to-use navigation, and special features for both brokers and customers. “We’ve embarked on an initiative that invites our customers and brokers to …

Progressive’s Drive Web site Attracts One Million Visitors

More than one million consumers have visited Progressive’s Drive Insurance web site, www.driveinsurance.com, to find out more about the benefits of buying auto insurance through an independent agent or broker, the company announced. The Web site was introduced in December …

Calif. Court Strikes Down Persistency Discount Law

A state appeals court has struck down a law that consumer advocates said would result in higher auto insurance rates for many low-income motorists and discourage uninsured drivers from getting coverage. A three-judge panel of the 2nd District Court of …

Safety Belt Use Hits Record High

A record 82 percent of Americans wear their safety belts while driving or riding in their vehicles, U.S. Secretary of Transportation Norman Y. Mineta announced at the Mothers Against Drunk Driving (MADD) National Conference, in Washington D.C. According to a …

MiniCo Names Schick as CFO

Phoeniz, Ariz.-based MiniCo Inc. has announced the appointment of Mary Schick as the company’s new chief financial officer. Schick will be responsible for operations, financial results and analysis for the company and cash management to include investments and banking relationships. …

Mo. Court Awards $800,000 to Auto Fraud Defendants

Two Missouri people acquitted of automobile insurance fraud were awarded $800,000 in damages for malicious prosecution of their case. A Jackson County Circuit Court jury on Tuesday ruled that State Farm Insurance and the National Insurance Crime Bureau must pay …