Monthly Archives: <span>January 2006</span>

Ill. AG Files Suit Against Contractor

Illinois Attorney General Lisa Madigan recently took action against a Cook County contractor who allegedly accepted more than $13,000 in down payments from five consumers for concrete installation and repairs at their homes and then failed to either begin the …

Former FEMA Director Witt Advocates Need for National CAT Fund

James Lee Witt, former FEMA director and co-chair of ProtectingAmerica.org, told the members of the Task Force on Long-Term Solutions for Florida’s Hurricane Insurance Market on Thursday that there is an urgent need for a comprehensive, national response mechanism for …

La. Agent Charged with Pocketing Customer Premiums

A Bogalusa, La., insurance agent was arrested and issued a cease and desist order for alleged felony theft and withholding of insurance premiums, the Louisiana Department of Insurance said. The DOI ordered Patricia Morvant, 51, to stop engaging in the …

Is Asbestos the Next Threat to the Workers’ Comp System?

While the insurance industry grapples with the issue of fair compensation for asbestos victims, a new vulnerability may be lurking around the corner. Robert Blanco, senior actuary at GE Insurance Solutions, told an audience in New York recently that conditions …

Best Affirms FSR for Central Reinsurance; Outlook is Stable

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Central Reinsurance Corporation (Central Re) (Taiwan). The outlook for both ratings is stable. The ratings reflect Central Re’s improvement …

Disaster Preparedness Outreach Comes to South Fla. Fairgrounds

Hazard Mitigation Advisors will be on hand during the South Florida Fair to assist residents affected by Hurricane Wilma in developing hazard preparedness plans for their homes and/or small businesses, according to the U.S. Department of Homeland Security’s Federal Emergency …

Mo. Trial Court Clarifies Comp Reform

Missouri’s Cole County Circuit Court has ruled that despite a legislative drafting error, the workers’ compensation reforms enacted last year have been in effect since Senate Bills 1 and 130 became effective in August, 2005. The trial court recently ruled …

DKI Hires Regional Operations Manager; Hefner Based in Dallas

Disaster Kleenup International Inc., a network of quality, independent property damage restoration contractors, has added to its team with the appointment of Bill Hefner as its new Regional claims manager. Hefner, who will be based in Dallas, will be responsible …

FEMA Issues New Maps to Assist Miss. Recovery Effort

The Department of Homeland Security’s Federal Emergency Management Agency (FEMA), in partnership with the National Oceanic and Atmospheric Administration (NOAA), has developed a series of topographic maps for Mississippi Gulf Coast counties which help property owners rebuild to safe elevations …

Unlicensed Mass. Agent Arraigned on Charges of Stealing from Clients

A Holden, Massachusetts woman has been arraigned on charges she continued to work as an insurance agent and stole more than $188,000 from clients after her license had been revoked, Attorney General Tom Reilly announced. Heather Renzoni, 48, was arraigned …