Yearly Archives: <span>2014</span>

Typhoon Rammasun, Strongest Storm in Decades, Kills 18 in China

The strongest typhoon to hit southern China in four decades has killed 18 people, the government said Sunday, while in the Philippines the death toll from the storm’s earlier destruction rose to 94. Typhoon Rammasun killed nine people and left …

Florida Jury’s $23.6B Tobacco Award Likely to Be Reduced

A decision by a Florida jury to impose punitive damages of $23.6 billion against R.J. Reynolds Tobacco Co. on Friday is likely to be rejected on appeal or the award reduced substantially, lawyers with expertise in jury awards said on …

Greater Texas Insurance Managers and Agency Merges with BKCW Insurance

Independent insurance agency BKCW L.P. of Killeen, Texas, and Greater Texas Insurance Managers and Agency of Austin merged operations effective July 1, 2014. Greater Texas Insurance Managers and Agency will continue to do business at its current location on Anderson …

Kansas Firefighters to Benefit from $12M Relief Fund Distribution

Kansas Insurance Commissioner Sandy Praeger currently is making the annual funds distribution to state and local firefighter relief organizations. Nearly $12 million will be distributed among 569 local Firefighters Relief Associations (FRAs) across the state. That is nearly $342,000 more …

Some in Louisiana to See Lower Fire Insurance Rates

Louisiana insurance regulators say St. Charles Parish homeowners can expect significant rate reductions in their fire insurance premiums, effective Aug. 11. Commissioner of Insurance Jim Donelon says the new rates will affect those in Fire District 8 — the Destrehan …

Flood Damage Costs Continue to Climb in Minnesota

Minnesota communities are trying to bounce back from last month’s flooding as damage estimates continue to rise. The state’s deputy director of Homeland Security and Emergency Management, Joe Kelly, said last month’s excessive rainfall led to a unique disaster. “It’s …

Rebates, Referrals and Rewards in Texas – What’s OK and What’s Not?

What are the rules governing insurance agents in Texas on rebates, referrals and rewards, and why do they matter? For starters, at a minimum, an agent could lose their license for violating rules regarding such activities. And, they could potentially …

Texas Hailstorm Damage Estimated at $400M

Insured losses to vehicles, homes and commercial property from the June 12 hailstorm in Abilene, Texas, are expected to hit $400 million, the Insurance Council of Texas (ICT) reported. Leroy Perkins of the Perkins Insurance Agency in Abilene said the …

Storm Season a Reminder of the Importance of Building Stronger

A home in Burnet County, Texas, that was picked up and carried 100 yards by a tornado in June, was reinforced according to its owner, Trenton Ashworth. When the twister hit, the family of four took cover in a bathroom. …

State Farm Hurricane Deductibles in Louisiana Jump to 5%

State Farm’s 308,000 Louisiana homeowner’s customers are confronting an unpleasant change: their policies now include a mandatory 5 percent hurricane deductible. State Farm spokesman Gary Stephenson told The Advocate that the hurricane deductible was included on new policies in November …