Monthly Archives: <span>June 2008</span>

Markel American Introduces Renter’s Protection Insurance

Markel American Insurance Co. launched a new renter’s protection insurance program. The program provides tenant homeowners coverage on a broader form than the standard HO-4 renter’s policy and provides many options to increase coverage as well as the limits within …

New York Court Orders Release of Anti-Redlining Report

New York’s top court has ordered the release of insurance company reports showing automobile policies broken down by zip code so Brooklyn officials can determine whether neighborhoods were deemed high-risk and avoided through “redlining.” The Court of Appeals concluded that …

Texas Workers’ Comp Discount, Interest Rate Set at 6.18%

The Texas Department of Insurance Division of Workers’ Compensation has determined that any interest or discount provided for in the state’s Workers’ Compensation Act shall be at the rate of 6.18 percent. This rate is computed by using the treasury …

Mo. Gov. Blunt Asks Insurance Companies to Give Grace Period to Flood Victims

Missouri Gov. Matt Blunt and the Department of Insurance, Financial Institutions and Professional Registration (DIFP) called on insurance companies to provide maximum consideration to flood victims in the coming days. Missouri joins Illinois, Iowa and Indiana in asking insurers to …

Wisconsin Boy Hospitalized, Sickened by Floodwaters

University of Wisconsin Hospital officials say a 6-year-old boy with a life-threatening kidney disease may have been infected while playing in contaminated floodwater. Dr. Ellen Wald says the child has been on dialysis and in intensive care since Sunday. She …

Iowa Governor Creates Task Force to Focus on Rebuilding after the Flood

Iowa Gov. Chet Culver on June 27 announced the creation of a 15-member task force that will focus on rebuilding after this month’s record flooding. Culver said the disaster is one of the 10 worst in the nation’s history and …

Stephenson Named COO of ISO

ISO Executive Vice President Scott G. Stephenson has been named chief operating officer for the company. In his new position, Stephenson will oversee ISO’s diverse subsidiaries focused on decision analytics and its business development and enterprise data management units. He …

Midwest Flood Losses Sink In as Mississippi River Water Levels Recede

Farmhouses appear to float on lakes, and farmers use boats to get to their barns. Businesses are shuttered as flooded roadways cut off customers. Rail lines, factories, river locks are shut down. Homeowners, who watched and waited and prayed, have …

Condo Insurance Requirements Not Cookie-Cutter

“Given the great interdependence of the unit owners in the stacked unit condominium situation, mandating property insurance for the entire building is the preferable approach.” This one explanatory sentence from the Uniform Condominium Act of 1980 forever transformed condominium association …

High-Profile U.S. Trial Lawyer Scruggs Sentenced to 5 Years

A high-profile Mississippi lawyer, who became unpopular on Wall Street for battling powerful companies, was sentenced to five years in prison Friday after pleading guilty to conspiring to bribe a judge. Richard “Dickie” Scruggs made millions through landmark lawsuits against …