Yearly Archives: <span>2006</span>

Homeowners Insurers to Pay 15% of 2004 Earnings to La. Citizens

Insurance companies have until May to decide whether to hike their homeowners rates 15 percent in Louisiana, to make up for losses caused by Hurricanes Katrina and Rita. The firms must pay 15 percent of their 2004 earnings to the …

MaximGroup Celebrates 75 Years

League City, Texas-based MaximGroup announced it is celebrating 75 successful years in the insurance business. Walter Hall started the agency in 1931 as Hall’s Insurance Agency. His first large account was the League City School District. In 1965, Charles Hall …

Mid-Continent Expands New Med-Mal Program Nationwide

Mid-Continent General Agency is expanding its medical professional and general liability insurance program for small hospitals to all 50 states. Hospitals with under 100 staffed beds are eligible, as well as critical access, rural/community and certain specialty hospitals. The program …

Miss. Communities Have Until Feb. 28 to Collect Debris Roe Requests

Local governments in Mississippi requesting federal funding for debris removal on private property have until Feb. 28, 2006, to collect signed Right of Entry (ROE) requests from residential property owners. The date coincides with the last day state agencies, local …

Safeco Surety Names Mikolajewski Senior VP, Peters Retires

Safeco has announced that Tim Mikolajewski will be senior vice president of Safeco Surety. Mikolajewski has been with Safeco Surety since 1984 and has held several management positions, including vice president of Contract Surety for the past eight years. He …

Tax Liabilities Present a Growing Threat to U.K. M&A Market, Study Says

Issues relating to taxation are the biggest cause of Warranty and Indemnity (W&I) claims in the UK according to latest research from Aon Limited. The firm analysed the W&I deals underwritten between 1990 to 2002, a period of high levels …

comScore: 24% Growth in Auto Quotes and 29% Gain in Online Policy Purchases in 2005

Consumers flocked online to research and purchase auto insurance in 2005 according to an analysis released this week by comScore Networks, a provider in the use of the Internet to measure and understand consumer behavior and attitudes. The comScore analysis …

San Diego-Area Casino Bus Accident Injures Several People

Several people were injured late Monday night when a shuttle bus transporting 15 passengers from the Barona Valley Ranch & Resort Casino crashed on State Route 67 outside the city of San Diego. According to authorities on the scene, the …

Actuaries to Research Avian Flu Pandemic Impact on Industry

The Society of Actuaries (SOA) is beginning research on the possible implications of an avian flu pandemic on the insurance industry. The SOA expects to provide insight into the potential impact a pandemic could have on life and health insurers. …

Legislators to Examine National Mega-Cat Plan at Spring Meeting

At the National Conference of Insurance Legislators (NCOIL) Spring Meeting in Florida, Feb. 23 – 26 , state lawmakers from across the country will examine a draft mega-catastrophe program and, among other things, decide on next steps to promote effective …