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

Eastbridge Study Reports Employee Benefit Brokers Lead in Worksite Sales

According to Eastbridge Consulting Group’s sixth annual U.S. Worksite Study, Employee Benefit Brokers claimed the largest percentage of worksite sales in 2004 of any single producer segment. This is the second year in a row for this segment to increase …

Louisiana State Police Warn Residents, Adjusters to Wait for Safe Conditions Before Venturing Out

As Hurricane Katrina moves out of Louisiana and into neighboring Mississippi, officials with the Louisiana State Police told Insurance Journal Monday afternoon that conditions do not warrant residents or adjusters venturing out to inspect damaged properties at this point. Lt. …

Choosing the Right Claims Tools for Catastrophe Adjusting Proves Important

Hurricane season or other major catastrophes are often anticipated with angst not only by residents in affected areas but also by insurance companies and their partners. Being prepared for storms and catastrophes can help adjusters focus on the most important …

Insurers Post Special Toll-Free Numbers to Help Katrina Victims as Storm Moves North

Policyholders with questions regarding their coverage for damage caused by Hurricane Katrina should contact their insurance agent or company representative. To assist consumers, special toll-free numbers have been set up by insurance companies. This and other hurricane-related information can be …

Pro Installation Key to Proper Lightning Protection

A single bolt of lightning can carry more than 30 million volts of electricity. A lightning strike to an unprotected home can be disastrous. According to State Farm Insurance, the company each year has about 307,000 lightning related claims nationwide …

Bosch Expanding Airbag Protection

Bosch announced that it will continue expanding its airbag safety systems with the introduction of the airbag electronic control unit (ECU), Airbag 10, set to be released to OEM customers in 2007. This latest generation ECU will reportedly be able …

Former Okla. Poultry Worker Ordered to Pay Restitution in Fraud Case

A Jay, Okla., woman received a three-year deferred sentence and was ordered to pay $3,692.50 in restitution after pleading guilty in Delaware County District Court, state Attorney General Drew Edmondson said. Gregoria Lopez, also known as Gloria Lopez, 51, was …

AIA Says Insurers Are Prepared for Hurricane Katrina

With Hurricane Katrina bearing down on Biloxi, Miss., New Orleans, La. and the surrounding area, the property/casualty insurance industry has mobilized, and stands ready to assist hurricane victims recover as quickly as possible, according to the American Insurance Association. Thousands …

CLUS Deploys Adjusters in Response to Katrina

Dallas-based Cunningham Lindsey U.S. (CLUS) announced it has deployed catastrophe teams across Florida, Louisiana, Alabama and Mississippi in response to Hurricane Katrina. Catastrophe offices have been established, and branch offices have been reinforced to deliver the promises made to our …

Katrina Could Cost Insurers Up to $30 Billion, Forecasters Say

Oakland, Calif.-based EQECAT, Inc., Oakland, Calif., announced Sunday afternoon that based upon current information provided by the National Oceanic and Atmospheric Administration (NOAA) about Hurricane Katrina, preliminary estimated insured losses could range from $15 billion to more than $30 billion, …