Yearly Archives: <span>2007</span>

Ohio Casualty officially joins the Liberty Mutual agency family

With $7.3 billion in premium, Liberty Mutual Agency Markets becomes the largest regional independent agency force Boston-based insurance giant Liberty Mutual Group is now the largest regional provider of property and casualty insurance distributed through independent agents in the country. …

La. Supreme Court: Lack of hospital evacuation plan not malpractice

The Louisiana Supreme Court on Sept. 5 ruled that allegations that hospitals’ lack of evacuation plans led to injuries or deaths during Hurricane Katrina are not medical malpractice claims. Instead, such cases should be considered under general tort law, according …

Another Katrina levee failure case heard by La. appeals court

Oral arguments in a lawsuit over whether an insurance company must pay for damage from the failure of levees in New Orleans after Hurricane Katrina were heard by Louisiana’s 4th Circuit Court of Appeal on Sept. 12. In Joseph Sher …

It Figures

3 Former Oklahoma Insurance Commissioner Carroll Fisher recently began serving a three-year prison term as the result of a conviction in a campaign-corruption case. He also must pay a $20,000 fine. Fisher has been under house arrest at his home …

Declarations

A gateway crime “Research indicates that auto theft is a gateway crime that potentially leads adolescents to more destructive behavior. … This program explores the relationship among the parties involved when an auto theft occurs and the impact the theft …

Texas: 32 workers’ comp carriers high performing

In its initial assessment of workers’ compensation carriers and providers, the Texas Department of Insurance Division of Workers’ Compensation found that 32 of the insurance carriers reviewed were high performers. The insurance carriers in the initial assessment included 89 commercial …

Humberto lands in Texas, sweeps across La.

Total insured losses estimated at around $500M Hurricane Humberto, a category 1 hurricane that formed quickly off the coast of Texas, plowed into the southeast corner of the state on Sept. 13 bringing with it heavy rains and 80 miles …

CORRECTION:

An article in the sept. 3, 2007, issue of Insurance Journal South Central, “New Rules for Residential Contractors in Ark.,” contained an error. it incorrectly states, “all business owners who opt to exclude themselves must hold a certificate of non-coverage.” …

$120M in disaster aid approved for storm-battered Okla. in 2007

More than $120 million in federal disaster aid has been approved so far in 2007 for storm-battered Oklahoma. According to the Federal Emergency Management Agency (FEMA), more than 4,500 Oklahoma residents affected by storms between June 10 and July 25 …

The problem of natural disasters

What to do about natural disasters? We can’t really prevent them and while many people are skeptical about dire predictions regarding climate change as the probable cause of an increase in weather-related catastrophes, others are convinced that we are indeed …