Yearly Archives: <span>2006</span>

State Auto Financial Reports 2005 Net Income Up 14%

Columbus, Ohio-based State Auto Financial Corporation reported that revenue for the year 2005 was $1.14 billion, up from $1.09 billion for the same 2004 period. For the year 2005, State Auto achieved record net income of $125.9 million compared to …

Disaster Assistance Outreach Unit Comes to Robertsdale, Ala.

A Federal Emergency Management Agency (FEMA) Disaster Assistance Outreach unit will visit Robertsdale on Thursday, Feb. 23-28. The unit will be closed on Sunday. It will open on Thursday at 11 a.m. and will be open 8 a.m. to 6 …

N.C. Police Take Thousands of License Plates From Uninsured Drivers

At least 5,300 cars across North Carolina have had their tags taken away by police and deputies empowered by a new law to confiscate the plates of uninsured vehicles. The law that took effect Dec. 1 gave local law enforcement …

Former La. Commissioner Joins Adams and Reese

The Louisiana-based law firm of Adams and Reese LLP announced that former Insurance Commissioner of Louisiana, J. Robert Wooley joined the firm effective Feb. 20, 2006. Adams and Reese, which has offices in Baton Rouge and New Orleans; Birmingham and …

Louisiana Special Session Adjourns

In the final hours of the special session of the Louisiana Legislature, lawmakers sent to Gov. Kathleen Blanco Senate Bill 7, which would prohibit an insurer from using the floodwater mark without considering other evidence in determining whether a homeowners …

Travelers Offers Hybrid Owners 10% Auto Discount

Travelers personal lines, a member of St. Paul Travelers, now offers hybrid-driving Americans a 10 percent discount on auto insurance. Travelers made the discount available in 27 states with plans to roll it out in most remaining states in the …

The National Law Journal: Top Verdicts, Punitive Damages Fall in 2005

The National Law Journal reported that the total amount awarded by juries last year in the nation’s largest cases declined for the third consecutive year. Based on analysis of the VerdictSearch Top 100, a ranking of the largest jury verdicts …

Quadrant Develops New Monoline Third Party Harassment and Discrimination Product

COLUMBUS, OH: Quadrant Insurance Managers is introducing a new primary coverage to the marketplace – monoline third party harassment and discrimination coverage. This product covers businesses for discrimination, harassment and wrongful eviction committed by an employee against a customer and/or …

Standard Insurance Celebrates 100th Year in Business

Portland, Ore.-based Standard Insurance Company is celebrating its 100th year in business by forming The Standard Charitable Foundation and hosting a year-long celebration that honors its founder’s commitment to community involvement. “We believe we have a responsibility to help maintain …

PEMCO Call Center Recognized by J.D. Powers and Associates

Seattle-based PEMCO Insurance’s call center has been recognized by J.D. Power and Associates for its Call Center Customer Satisfaction Excellence. J.D. Power and Associates’ evaluation was conducted in two phases. The first phase looked at PEMCO’s recruiting, training, employee incentives, …