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

Best Affirms FSR, Assigns Issuer Credit Ratings to Tower Group

A.M. Best Co. has affirmed the financial strength ratings (FSR) of A- (Excellent) and assigned issuer credit ratings (ICR) of “a-” to Tower Insurance Company of New York (TICNY) and Tower National Insurance Company (TNIC) collectively referred to as Tower …

Pa. Crop Insurance Workshops Give Farmers Risk Management Options

Pennsylvania farmers worried about poor growing seasons will have the opportunity next month to learn how they can protect their investments at any one of five workshops that will be hosted by the Department of Agriculture, the only state agriculture …

Hudson Adds Environmental Program to 50 States, D.C.

Hudson Programs, an operating division of Hudson Insurance Group, reported that their environmental insurance program is now available in all 50 states, plus the District of Columbia. The program is exclusively underwritten by Denver-based Freberg Environmental Inc. (FEI), with claims …

Automated Benefits Signs Up 1,500th User for Mobile Claims System

Symbility Solutions Inc. (http://www.symbilitysolutions.com ), a wholly-owned subsidiary of Automated Benefits Corp., has reached a new milestone for the adoption of its mobile claims processing solution. Two short months after reaching the 1,000th user threshold, Symbility has now reached 1,500 …

Wyde Launches Wynsure Claims

Minneapolis, MN – Wyde Corporation announced today the official launch of their new insurance claims application, Wynsure Claims. This new addition to their Wynsure suite of administration products handles claims processing from First Notice of Loss through benefit payment for …

D&O Liability Premiums Fall for Second Straight Year, Tillinghast Survey Says

Directors and officers liability insurance average premium index dropped another 9 percent in 2005 after dropping 10 percent in 2004, while half of all public and private companies have received D&O inquiries from their board members, according to the D&O …

FEMA Warning Louisiana Residents to Watch for Unlicensed Contractors

Whether they are architectural, engineering, electrical, or general contractors, most service providers in the building industry are honest. But disasters invariably attract scam artists, so consumers must be vigilant in protecting themselves. “It’s unfortunate, but disasters often bring scam artists …

Miss. Residents Told to Use FEMA Money Wisely

Nearly 475,000 Mississippians have received a portion of more than $1 billion in disaster assistance to aid in their recovery from Hurricane Katrina. Federal and state officials continue to urge recipients to exercise caution when using these funds. Under the …

Texas Court Sides with Allstate in Rita Evacuee Expenses Case

A state district judge in Austin, Texas, has ruled Allstate will not have to cover the living expenses of evacuees displaced from their homes by Hurricane Rita if their homes were not damaged, the Houston Chronicle and the Associated Press …

La. Lawyer Pleads Guilty to Theft of Clients’ Insurance Money

A Thibodaux, La., lawyer recently pleaded guilty to more than 40 criminal charges stemming from an investigation into his misuse of clients’ insurance money. Keith Labat pleaded guilty to seven counts of felony theft, two counts of forgery and 33 …