Yearly Archives: <span>2008</span>

Midwest Flooding Forces Evacuations, Bridge Closings, Business Shutdowns

Flooding rivers across Iowa forced residents to evacuate, closed businesses, wrecked stores and shut down highways and barge traffic, authorities said Thursday. Iowa Gov. Chet Culver said storm and water damage to infrastructure will be in the hundreds of millions …

Olympus Insurance Decreases Homeowners Rates in Florida

Olympus Insurance Co. of Orlando, Fla., lowered its homeowners insurance rates, most notably in inland counties and for newer homes. The lower rates will have greatest effect on 33 inland counties across Northern and Central Florida. Base rate decreases apply …

Rocky Mountain Insurance Asssociation Cautions Against Scams Following Tornado

Colorado consumers need to be aware of an insurance scam that appears to be operating in the aftermath of the Windsor tornado, according to the Rocky Mountain Insurance Information Association. In one case reported to the association, the would-be victim …

RMS To Offer Catastrophe Updates Online

Newark, Calif.-based Risk Management Solutions (RMS) has launched an initiative to keep businesses informed of the impact of catastrophic events by making its expert analysis publicly available on its Web site. The RMS Cat Updates service, which has provided the …

Colorado Approves Auto Insurance Med Pay Bill, ‘Bad Faith’ Bill

Colorado Gov. Bill Ritter has signed Senate Bill 11, which creates rules concerning funding for the provision of uncompensated trauma care to persons injured in motor vehicle accidents, and House Bill 1407, allowing the insurance commissioner to increase the penalties …

Mercury Provides California Policyholders $61 Million Rate Reduction

George Joseph, founder and chairman of Mercury General Corp. announced the company has filed for and was approved for a 33 percent rate reduction for homeowners and 10 percent rate reduction for renters insurance policyholders in California. State Insurance Commissioner …

Kansas Insurance Department Offers Assistance to Disaster Victims

Kansas Commissioner of Insurance Sandy Praeger said today insurance information for recent disaster victims in northern Kansas is available from the Kansas Insurance Department’s Consumer Assistance Hotline, 800-432-2484. “The department’s Consumer Assistance Division is prepared to answer consumer questions and …

South Carolina Insurance Department to hold Coastal Insurance Session

Director Scott Richardson and staff from the South Carolina Department of Insurance will meet with Charleston area residents to discuss coastal insurance issues on June 12 to discuss the status of the state’s coastal insurance market place. The public meeting …

Insurance Experts Headed to California Summit Fire Disaster Areas

California Insurance Commissioner Steve Poizner deployed Department of Insurance consumer information experts to assist Santa Cruz’s Summit Fire survivors on the road to recovery. Gov. Arnold Schwarzenegger announced the creation of a Disaster Assistance Centers in Corralitos. Poizner sent his …

Ratings: Willis, Erie, Farmers-Flemington, Am. Resources, Am. General, Stnd. Mutual, Wisconsin County

Fitch Ratings has placed its ratings on Willis North America Inc. (WNA) and Willis Group Holdings Ltd. (Willis) on its rating watch negative list. Fitch said its rating action follows the announcement that Willis has agreed to purchase all outstanding …