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

Arbitrator Impartiality – An Elusive Standard?

It is quite common in certain insurance or reinsurance contracts for the parties to include an arbitration clause so as to identify the chosen means of dispute resolution. For those threatened with the prospect of litigation, the ability to avoid …

Is Seeding Hurricanes the Answer to Less Destruction?

Retired National Oceanic & Atmospheric Administration (NOAA) Project Director Dr. Waylon “Ben” Livingston recently confirmed in an article published on PrisonPlanet.com what Peter Cordani, founder of Dyn-O-Mat, has reportedly been saying for seven years: Seeding clouds, thunderstorms, hurricanes and fires …

Study Reports 18% Rise in Disasters for 2005; 91,900 Killed

In 2005, there was an 18 percent rise in disasters that killed 91,900 people according to official figures issued by the Belgian UniversitĂ© Catholique de Louvain’s Center for Research on the Epidemiology of Disasters (CRED) and the United Nations International …

Amica Mutual, ProcessClaims Team on Auto Physical Damage Process

ProcessClaims, a provider of software connectivity and business process solutions for the Property and Casualty claims industry, has been chosen by Amica Mutual Insurance to streamline claims processing and provide vendor integration for all lines of auto physical damage. Amica …

Federal Disaster Funds Authorized for Kan. to Aid in Storm Recovery

The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) reported that federal disaster funds have been made available for Kansas to help local governments recover from the effects of a severe winter storm that struck …

Floridians Urged to Apply for Disaster Assistance by Jan. 31 Deadline

Tuesday (Jan. 31) is the deadline to apply for federal and state disaster assistance in the wake of Hurricane Wilma, according to the Department of Homeland Security’s Federal Emergency Management Agency (FEMA) and the State Emergency Response Team (SERT). There …

Health Net Grows Relationship with MedAvant for Savings on Health Claims

MedAvant Healthcare Solutions, a provider in healthcare technology and transaction services, reported the expansion of its relationship with Health Net Inc., one of the nation’s publicly traded managed health care companies, to reduce out-of-network medical claims costs via MedAvant’s National …

La. Residents Urged to Purchase Flood Insurance to Protect Properties

As Louisiana continues to recover from Hurricanes Katrina and Rita, officials are offering a reminder that all property owners living and doing business in areas designated as flood zones by the National Flood Insurance Program (NFIP) should purchase flood insurance. …

Survey Confirms 4th Quarter Spike in Property Insurance Rates Due to Hurricanes

Property insurance rates increased sharply in the fourth quarter of 2005, according to the RIMS Benchmark Survey by the Risk and Inurance Management Society Inc. Reversing a two-year trend of steadily falling property insurance premiums, some commercial insurance buyers saw …

Florida Didn’t Make Sure Hurricane Payments Were Legit

Florida officials didn’t confirm the legitimacy of some hurricane claims before it paid out more than $150 million as part of an agreement to share the cost with Washington, a state audit has found. As part of a deal in …