07/15/2009

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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 may keep property insurance in Florida, commissioner says...State Farm, the largest private property insurer in Florida, may decide not to leave the state, Insurance ...

• New York rethinks broker commission disclosure rule...The New York Insurance Department softened its stance on mandatory producer compensation disclosure Wednesday, proposing revised regulations that would require disclosure only when requested by clients.

• ICAT Damage Estimator: Hurricanes Can Cause Big Damage in July...On July 5, 1916 the "Middle Gulf Coast" hurricane made landfall near the Alabama/Mississippi border as a Category 3 storm with maximum sustained winds of ...

• NC coastal insurance fix gets financial once-over...A state House committee pores over the financial effects on North Carolina from revamping an underfunded insurance program for coastal ...

• Virginia Farm Bureau Insurance Wins Prestigious National Award...Richmond, VA, July 10, 2009 --(PR.com)-- Virginia Farm Bureau Insurance today announces it has been included in the Ward's 50, a prestigious listing of the ...

• AIG Gets Back to Bonuses...More large bonuses are scheduled to be handed out to executives at AIG, the insurance giant that took a public relations beating earlier this year when it paid out millions in bonuses after receiving a massive federal bailout package.

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

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

F.Y.I. EXPO!
August 6-8, 2009 — Duluth GA — INFO
HERE!

• Allstate rates to rise for Texas homeowners...Allstate submitted the increase to the Texas Department of Insurance for review. The new rates would take effect starting with policies that are up for ...

• Special delivery for Oxendine...If all goes as John Oxendine plans, the Governor's Mansion will be strewn with pull toys. At 7:43 am today, Ivy Oxendine delivered an 8 pound, 12 ounce baby ...

• Georgia Sen. Saxby Chambliss is pimping for Charlie Crist in 2010 ... Too-Tan Charlie has nearly single-handedly wrecked free-market economics with what he has done with the state of homeowners insurance in this state. ...

• Oxendine returns contributions from insurance companies...Insurance Commissioner John Oxendine has returned $120000 that was funneled into his gubernatorial campaign by two insurance firms. ...

• Jacksonville tops Florida for car crashes...A report released a month earlier from the 2009 GMAC Insurance National Drivers Test ranked Florida 43rd in the nation based on driver's exam scores. ...

• North Carolina Lawmakers Consider Cap on Damages in Adultery Lawsuit....A Senate committee has backed limits to a North Carolina law that allows scorned spouses to sue and collect damages for stolen affection and adultery. ...

Florida's Citizens' rate shift could be up, down...But Miller made no guarantees Wednesday that the compromise plan will be approved. Said Office of Insurance Regulation spokesman Ed Domansky: "The bottom ...

• Big Cuts in Family Budgets Usually Means Insurance Gets the Ax...Typically the first large expense to go is car insurance, medical insurance or, most commonly - life insurance. Insure-Net.com urges families to look at ...

• La. Citizens CEO: expect another rate hike in 2010...John Wortman, CEO of Louisiana Citizens Property Insurance Corp., told the Associated Press on Wednesday that he expects the 2010 rate increase to average ...

• Insurance and Innovation: An Oxymoron?...The firm uses telematics to offer customers a novel concept— a car insurance policy based on how well and how much you drive. ...

• Allstate says Birmingham drivers among best...Some of the best drivers in Alabama can be found in Birmingham, according to the 2009 “Allstate America's Best Drivers Report. ...

What 19 Years in Insurance Has Taught Me...No insurance carrier is guaranteed to survive (Aetna P&C, Royal, Reliance, USF&G, Kemper, IRI, St. Paul, First of Georgia and almost AIG except for the ...

• UPDATE: Man gored to death at Pamplona bull run... The man, whose nationality and age have not yet been released, was gored in the neck and lung as he ran the half mile course through the cobbled streets of the northern Spanish town.

• 'Socialized Medicine? Bring It On...He went to an outdoor health clinic over the Virginia border from his home town in Tennessee. This is what he told Moyers: "What I saw were doctors who were ...

Virginia joins chorus warning about unlicensed home protection plans...By Keith L. Martin Virginia's Bureau of Insurance is warning consumers to avoid a New York-based seller of home warranty products that has been the subject ...

• Former California Insurance Agent Ordered to Pay $2.1 Million...Former California life insurance agent David Abraham, 48, of Santa Barbara, has pled guilty to felony grand theft and been ordered to pay $2.1 million in ...

NY Insurance Chief: AIG Pricing Examination Routine..."We respond to complaints of this type routinely, and we have gotten some complaints," Kermitt J. Brooks, acting insurance superintendent of New York, ...

• North Carolina Adjuster Accused of Taking Claimant's Insurance ...The North Carolina Department of Insurance recently announced the arrest last month of Ashley C. Waddell, 39, 4610 Wending Lane, Greensboro. ...

• Obama's Popularity Plummets in Ohio as Residents Express Impatience...A new Quinnipiac poll shows the president's approval ratings from Ohio voters has dropped from 62 percent in May to 49 percent this month, making it the first state where President Obama's job approval has dipped below 50 percent.

• OHIO: Black teens attack white family on 4th, shouting 'It's a black world'...Out of nowhere, the six were attacked by dozens of teenage boys, who shouted ''This is our world'' and ''This is a black world'' as they confronted Marshall and his family.

PAPER: Admin corruption? Billions in aid go to areas that backed Obama in '08... Billions of dollars in federal aid delivered directly to the local level to help revive the economy have gone overwhelmingly to places that supported President Obama in last year's presidential election.

• Jury sees videos of Dem congressman Wm. Jefferson accepting cash... The videos played Tuesday are a key piece of evidence in the bribery trial of William Jefferson, a Democrat who represented parts of New Orleans. He's accused of accepting more than $400,000 in bribes to broker business deals in Africa.

• More web attacks hit, North Korea suspected... A fresh wave of cyber attacks that slowed U.S. and South Korean websites this week hit more targets on Thursday, a Web security firm said, while the South's spy agency has said the hacking may be linked to North Korea.

• Woman Vanishes While Working at New York City High-Rise...A Manhattan high-rise in one of the most security-conscious parts of New York City has become the scene of an unlikely missing persons mystery.

• Georgia unemployment claims jump 95% in June...The Georgia Department of Labor reported Thursday evening that 88756 laid-off workers filed first-time claims for state unemployment insurance benefits in ...

• Thousands protest against mullahs, defying Iranian crackdown vow... Thousands of protesters streamed down avenues of the capital Thursday, chanting "death to the dictator" and defying security forces who fired tear gas and charged with batons, witnesses said. The first opposition foray into the streets in 11 days aimed to revive mass demonstrations that were crushed in Iran's postelection turmoil.

• More spelling errors plague Obama releases... After misspelling the president's name as "Barak Obama" yesterday on an official document sent to reporters, the General Services Administration messed up another message when announcing it had awarded an $18 million contract to redesign the website keeping track of spent stimulus dollars.

• Wireless Cybercriminals Target Clueless Vacationers...Cybercriminals are targeting travelers by creating phony Wi-Fi hot spots in airports, in hotels, and even aboard airliners.

• ACORN Shenanigans in South Carolina...By Warner Todd Huston Monday, July 13, 2009 Recently, the Smosska Corporation swooped into Florence, South Carolina promising to instantly create some 400 ...

• PRUDEN: Franken, a clown for all seasons, arrives in time... We've never had an Official U.S. Senate Pornographer before, though pornographic behavior is frequently the entertainment provided to the public by the world's oldest deliberative body. So Al Franken, the answer to Harry Reid's prayer, should fit right in.

• Soldier: Obama not US born, can't send me to war... Cook’s lawyer, Orly Taitz, who has also challenged the legitimacy of Obama’s presidency in other courts, filed a request last week in federal court seeking a temporary restraining order and status as a conscientious objector for his client.

• ZUCKERMAN: The Economy Is Even Worse Than You Think... The recent unemployment numbers have undermined confidence that we might be nearing the bottom of the recession. What we can see on the surface is disconcerting enough, but the inside numbers are just as bad.

The Underwriter’s Insider
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