Yearly Archives: <span>2006</span>

For O&G operators, contracts and coverages go hand in hand

(Editor’s note: This is the third article in a series of five addressing risk management for oil and gas operators. The first article appeared in the Aug. 22, 2005, issue of the West region edition on page 66. The second …

Multi-state class actions could infringe on state regulators

Allstate Insurance Co., the National Association of Mutual Insurance Companies and the Property Casualty Insurers Association of America have joined forces requesting a review of a Court of Appeals decision involving a multi-state class action appeal currently before the Washington …

Be Prepared

Are insurers prepared for the next big disaster? According to a new report released by GE Insurance Solutions, massive growth along the nation’s coastlines has dramatically increased the potential for insured losses, even without a cyclical increase in the frequency …

Miss. suspends 180-day deadline on Katrina repairs

Commissioner of Insurance George Dale suspended the 180-day repair deadline provision in personal and commercial property replacement insurance policies as to Hurricane Katrina claims in Bulletin #2006-3 issued on Friday, Feb. 24. In the same bulletin the commissioner suspended the …

DFS suggests Fla. homeowners reforms

The Florida Department of Financial Services in Tallahassee has announced a new round of homeowner-friendly insurance reforms to better protect and prepare Floridians for a catastrophic event, and to help them shop for property insurance. The new reforms, initiated by …

Progressive drives into W.Va.

The Progressive Group of Insurance Companies has announced it is now offering commercial auto insurance in West Virginia. While Progressive’s commercial coverages are available directly to consumers by phone and over the Internet, the company said most consumers choose to …

W.Va. Commissioner Cline Tells Big ‘I’ about Fraud Unit’s status; group hears catastrophe tips

The Insurance Commission’s status was discussed by Commissioner Jane Cline, and J. David Daniel, a member of the Big “I” executive committee gave tips about how independent insurance agents can prepare for hurricanes and other disasters during the Professional Independent …

Property issues to dominate Florida Legislature

Measures aimed at improving the property insurance market dominated the insurance agenda as the Florida Legislature convened March 7, according to the American Insurance Associa-tion. Legislators will also debate whether to allow next year’s statutory sunset of the state’s no-fault …

S.C. Big “I” topics: Legislation, fraud

Insurance fraud and “hot topics” facing the insurance industry will be discussed by South Carolina Attorney General Henry McMaster and Director of Insurance Elanor Kitzman during the March 22 and 23 annual Spring Conference and Exhibition in Columbia, S.C. by …

Florida auto no-fault claim costs hit double-digits

Florida personal injury protection claim costs (claimed economic losses and actual claim payments) increased at double-digit rates between 2002 and 2005, far outpacing the rate of inflation, according to a new Insurance Research Council study. The average total claimed PIP …