Monthly Archives: <span>June 2005</span>

Best Affirms Rating for Fuji Fire & Marine Insurance

A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) of The Fuji Fire & Marine Insurance Company Limited (Fuji Fire) (Japan). The rating outlook has been revised to positive from stable. The rating reflects Fuji Fire’s …

Fla. CFO Blasts Allstate for Increasing Its Rates Before Public Hearing

After an announcement by Allstate Insurance Company early June 23 Florida’s CFO Tom Gallagher issued a highly-critical press release blasting the company for its actions and has instructed Insurance Commissioner Kevin McCarty to intervene to stop Allstate from “circumventing the …

Federal Disaster Funds Ordered to Aid Neb. Storm Recovery from May Events

The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced that federal disaster funds have been made available for Nebraska to help local governments recover from the effects of severe storms that struck the south-central …

Miss. Theft Summit Looks for Solutions

The first FBI/LEEDA-NER Regional Equipment Theft Summit was hosted recently by the Hinds County Sheriff and the Mississippi Department of Agriculture & Commerce in the Sparkman Auditorium at the Agriculture and Forestry Museum in Jackson, Miss. Topics covered during the …

Republic Western Insurance Investigator Tabbed as Fla. Investigator of the Year

Republic Western Insurance Company (RepWest), a subsidiary of AMERCO, announced that Robert Longo, investigator for the company’s Special Investigative Unit (SIU), Georgia Field Claims Office, has been named the 2004/2005 “Investigator of the Year” by the Florida Insurance Fraud Education …

Arizona Wildfire Grows; Firefighters Gaining on California Blaze That Destroyed 6 Homes

A number of multimillion-dollar homes were in danger of falling Thursday in Arizona as firefighters for another day did battle with a wildfire that was threatening an area some 20 miles from Phoenix. Officials said some 30,000 acres had been …

AIA Urges Consumers to Review Homeowners’ Coverage

Now is the time for consumers living in states threatened by hurricanes or their aftermath to ensure that their homeowners’ insurance policies provide sufficient coverage, according to The American Insurance Association (AIA). In response, the AIA has developed an easy-to-read …

Ohio Auto Thefts Down 2% for 2nd Straight Year

Auto thefts in Ohio appear to have declined more than 2 percent for the second consecutive year, according to estimates released by the Ohio Insurance Institute. Based on auto theft survey results of 17 major Ohio city police departments and …

Kan. Commissioner Files Felony Charges Against Policyholder From 2003 Incidents

Kansas Insurance Commissioner Sandy Praeger, in cooperation with Shawnee County District Attorney and the Kansas Attorney General’s Office, has filed felony charges against a policy holder. An investigation, by the Commissioner Praeger’s Anti-Fraud Division, has lead to charges against Kassandra …

Watershed Study Assesses Flood Risks in an Effort to Avoid Damages

Delaware, Sullivan and Orange County communities in the Delaware River watershed will soon have a new tool to assess their flood risk, Federal Emergency Management Agency (FEMA) officials said this week. “Following the Hurricane Ivan flooding that occurred last fall, …