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

Family Seeks Help, Man Vanishes from NAIC Meeting

Matthew Soumakis, 31, attending the National Association of Insurance Commissioners’ Meeting in Chicago last week vanished and the family is appealing for help. The Massachusetts man was last seen in a Streeterville neighborhood bar near the Sheraton Hotel and Towers …

Agents Exercise Skills to Build Insurance Program Muscle

Like Arnold Schwarzenegger, today’s biggest and strongest insurance programs started out as scrawny kids, yet many carriers remain reluctant to take a chance with fledgling programs for niche markets, reports Insurance Journal in its Dec. 5, 2005 issue. For reasons …

‘Certificates of Insurance, The Second Most Dangerous Piece of Paper,’ Jan. 9 CPCU Topic

Bill Perkins, a Florida Association of Insurance Agents instructor will present, “Certificates of Insurance, The Second Most Dangerous Piece of Paper,” a three-hour continuing education course, during the Jan. 9 Florida SunCoast Chapter of Chartered Property and Casualty Underwriters meeting …

Progressive Adds Business Auto in N.J.

The Progressive Group of Insurance Companies is now offering commercial auto insurance to New Jersey business owners. This follows the Oct. 3, 2005 announcement that the Drive Insurance from Progressive and Progressive Direct would begin selling private The company said …

Many Missourians in Need of Earthquake Insurance, Officials Report

Barely four out of every 10 Missouri homeowners carry earthquake insurance, a cause of concern cited Friday as Gov. Matt Blunt heard briefings on the state’s earthquake preparations. Blunt held a closed-door Cabinet meeting at the State Emergency Management Agency …

Insurer’s Failure to Defend in Minn. Asbestos Case Costs $52 Million

A jury has awarded $52.5 million to a Roseville, Minn. construction company that sued its Boston-based insurer for failing to defend it against hundreds of personal injury and wrongful death claims tied to asbestos exposure. Court officials said the verdict …

Okeechobee, Fla. Building Contractor Apprehended for Workers’ Comp Fraud, Grand Theft

Okeechobee building contractor Merle Dee Johnson has been bonded out of the Okeechobee County Jail after being arrested by Florida investigators for allegedly committing workers’ compensation fraud and grand theft. Johnston’s bond was set at $30,000. Johnston was arrested after …

Court Upholds W. Va. Woman’s Coverage, Despite Bounced Check

A West Virginia Supreme Court ruling upholding coverage for a woman who wrote a bad check to start an auto insurance policy, saying she deserves coverage after she was involved in an accident, has Charleston insurance agents bewildered. The Charleston …

Insurance Dept. Approved Miss. Homeowners Rate Increases Before Hurricane Katrina

Recent increased in homeowners insurance rates in south Mississippi can not be attributed to Hurricane Katrina, according to Insurance Department officials, who indicate that Allstate, USAA and the Southern Farm Bureau all filed for and received rate increases before Katrina …

Conn. Jury Awards $32 Million to Injured Construction Worker

A Waterbury, Conn. jury has awarded $32.1 million to a Bristol construction worker paralyzed in an accident more than a decade ago. Norman Pelletier, 54, was permanently paralyzed below the chest when a steal beam at a Shelton construction site …