06/24/2009

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SHOULD FLORIDA MANDATE EDUCATION FOR INS REGULATORS?... Florida regulators are blatantly injecting politics into rate making — as if they just don’t understand the process... More

State Farm Says It Will Reconsider Florida Exit If Rates Deregulated...State Farm Florida has said it must leave the state because Insurance Commissioner Kevin McCarty has not allowed it to charge prices it needs to remain ...

A1A Disappointed in Florida Governor's Veto of HB1171, Rating Dregulation Bill for Large Insurers... AIA believes the governor’s veto is an opportunity lost for Florida – an opportunity to provide a modest, market-based alternative to Florida’s over-regulated property insurance market that has been in short supply in recent years. 

Florida Citizens Insurance Rate Increase Battle Brewing...Under Florida law, if Citizens doesn't have enough to pay claims, it can recoup its losses by tacking on additional charges on most insurance policies, ...

Decision near on Florida insurance bill...The Office of Insurance Regulation has told the governor the legislation could put many of the 40 new companies writing insurance in Florida at a ...

Tower Group to buy Specialty Underwriters for $107M...In a joint statement, New York-based Tower said the addition of SUA enhances its profile in the specialty insurance market. SUA said its affiliation with Tower will allow it to improve its profitability...

Wilmington, NC coalition to fight coastal insurance hikes...Reily said it will consist of an elected official from every county around Southeastern North Carolina. She said the coalition is planning to have its first ...

L.A.A.I.A. 39th Annual Convention
July 15-19, 2009 — Hollywood, FL  —  INFO
HERE!

F.A.I.A. 2009 Exhibit Hall Gallery HERE!

Some coast homeowners in MS soon to see windpool rates drop... Some Coast homeowners who rely on the state wind pool for insurance coverage may soon see a dramatic ...

Former Greenvillian Guardswoman sentenced for insurance, wire fraud...According to the Mississippi code, insurance carries a maximum sentence of three years imprisonment a $5000 fine or double the value of the fraud or both. ...

Motorists Scale Back Shopping for Auto Insurance, Survey Shows...-- Fewer motorists sought to change their insurance company for their vehicles as the US recession spurred a “hunker-down ...

Dangers of No Car Insurance...According to AAA, more and more of you are taking the savings out of your car insurance- something just about everyone will tell you is a bad idea. ...

All NC Homes Could Pay In Beach Coverage Deal...If everybody did this in NC this would send the signal to the rest of the country. Imagine if we did it, every politician would be running scared and we ...

Woman's Link to Murder Bars Insurance Recovery...An Arizona woman cannot collect life insurance for her husband's death, because she was suspected of being involved in his murder, ...

First National Bank of Anthony fails - Brooke Corp Fall-out...he said about half the bank's 2008 write-downs were the result of a participation loan in connection with bankrupt insurance franchiser Brooke Corp. ...

Ahead of the Bell: Progressive downgraded by Analyst...Personal injury protection provides customers with money to cover medical expenses and lost wages in the event of an auto accident regardless of fault. ...

Houston No. 1 in 'owner give-up' car insurance scams...HOUSTON—More car owners are getting involved in insurance scams known as “owner give-up.” That's where the car owners abandon or destroy their vehicles and ...

 Alabama insurance agent pleads for probation...the lawyer for a Gulf Shores insurance agent has asked state officials to grant her a probation period to allow her to make repayments to customers ...

President Obama's health-care insurance reforms shaky with Democrats, GOP...Like New York, California is concerned Obama will cover costs in part by reducing Medicaid and Medicare payments that help support hospitals and the public ...

George F. Will: Obama's health care plan pushes Democrats ...this ignores two facts: There are 1300 competing providers of health insurance. And Roll Call's Morton Kondracke notes that the 2003 Medicare prescription ...

Seven motorcycle fatalities counter crash stereotypes...In a fifth case, both drivers appeared to be at fault, although the motorcycle's speed may have been the main cause. While a sample size of seven cases is ...

Texting-while-driving ban gets preliminary AZ Senate OK...State senators voted to block further efforts by the Department of Environmental Quality to regulate greenhouse gases in Arizona. ...

Georgia: Premiums Rise, Safety Fails...State Insurance Commissioner John Oxendine warned if the city does not improve its rating, Atlanta residents could see their home owner's insurance rates ...

Banks in Georgia, North Carolina, Kansas Closed by Regulators...The Federal Deposit Insurance Corp. was named as receiver for all three, according to statements from the FDIC. Southern Community's $307 million in ...

How to Start a Trade War...... of Florida's home-owners depend on a state-run entity to cover their homes, and taxpayers are on the hook for at least $25 billion in unfunded insurance ...

No Texting While Driving Becomes NC Law....Raleigh, NC -- Governor Bev Perdue signed a new law to stop North Carolina motorists from mashing their cell phone keypads while mashing on the gas. ...

Insurance agent charged with embezzlement...The case was investigated by the Yolo County district attorney and the California Department of Insurance. Victims came from at least six Northern ...

Brooke Corp. trustee sues Orr in bankruptcy...Albert Riederer, trustee of the Brooke insurance companies, filed suit to block bankruptcy protection sought by former Brooke Corp. founder and CEO Robert ...

URGENT: Who’s funding the Obamacare Astroturf campaign?...If you believe the White House, there are 30 million Americans who support a government health care takeover. But if you look at the funding behind the Obamacare Astroturf campaign, it’s the same few Leftist billionaires, union bosses, and partisan community organizers pushing the socialized medicine agenda. Let’s connect the dots...

Did Steve Jobs's Money Buy Him A Faster Liver Transplant?...One detail concerning Jobs's transplant seemed odd: The surgery took place at a hospital in Tennessee, some 2000 miles from Jobs's home in northern ...

Reluctantly, President Obama Admits He Still Smokes But Is “95% Cured”...It began when "young voter" wrote a not very nice put-down of the president that included the line, " He admits personal fault and character defects when ...

Oxendine pleased to be front runner in Governor's race...Georgia Gubernatorial Candidate John Oxendine says he's happy to be called the front runner in the ...

AIG wanted to end compensation program: Greenberg...Maurice R. Greenberg, former head of American International Group Inc., testified on Monday he believed in 2005 that AIG wanted to end a deferred compensation agreement with Starr International Co., the company he now controls.

The Myth of Prevention in lowering health care costs...Poor McAllen, Texas. It happens to be the focus of a recent “New Yorker” piece by Atul Gawande, a piece that President Obama referred to in his speech to ...

Unbelievable!  Barney Frank asks FANNIE and FREDDIE to relax Mortgage lending rules... Two U.S. Democratic lawmakers want Fannie Mae and Freddie Mac to relax recently tightened standards for mortgages on new condominiums, saying they could threaten the viability of some developments and slow the housing-market recovery, the Wall Street Journal said.

Twerpy Blogger Perez Hilton not backing down for using gay slur... The openly gay gossip blogger said in a statement Tuesday that he would continue to say things upsetting to gay and straight people alike. The comments came after the Gay and Lesbian Alliance Against Defamation called for Hilton to apologize Monday f

China makes $7.2B play for Iraqi oil... There has been a scramble for oil assets in Iraq's Kurdish region, which is more open to foreign investment than Baghdad. Heritage Oil, also a London listed explorer, agreed to buy Addax's partner in Kurdistan, Turkey's Genel Energy, for £1.5bn earlier this month.

Monkey urinates on Zambian president... A monkey urinated on Zambian President Rupiah Banda as he spoke to reporters outside his State House offices on Wednesday. "You have urinated on my jacket," a startled Banda told the monkey, one of many that makes their home in the trees outside his offices.

Milbank: Stay Tuned for More of 'The Obama Show'...Obama knew this because White House aides had called Pitney the day before to invite him, and they had escorted him into the room. They told him the president was likely to call on him, with the understanding that he would ask a question about Iran that had been submitted online by an Iranian.

BUFFET: ECONOMY IN 'SHAMBLES'; NO SIGNS OF RECOVERY... the economy is a "shambles" and likely to stay that way for some time, he remains optimistic there will eventually be a recovery over a period of years.•

When should you talk to a business bankruptcy lawyer?...By Rob Charles Owning and operating a business in Arizona is a comp, stressful experience. Financial distress often is part of the landscape. ..

Hopelessness and change?  500 Lose Jobs with new Tax on Cigars; Tampa plant closes... Tampa will lose part of its cigar heritage in August when Hav-A-Tampa shuts its factory near Seffner and lays off about 495 employees, closing a factory that has been operating since 1902.

NY TIMES Poll Showing 72% Support for Obama's Health Care Plan -- Was Stacked With Obama Supporters...The poll, administered June 12-16, found that 72 percent of respondents favored the creation of a government health-insurance plan that would compete with private insurers.

North Korea threatens annihilation of USA; World anticipates missile...North Korea threatened Wednesday to wipe the United States off the map as Washington and its allies watched for signs the regime will launch a series of missiles in the coming days.

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