Monthly Archives: <span>February 2007</span>

Del. Regulator Backs Health Pool; Cites New Risk Retention Group

Delaware Insurance Commissioner Matt Denn urged General Assembly budget writers to fund the creation of a health insurance pool that could cover 10,000 Delawareans. He also reported that a group of Kent County doctors has decided to form a risk …

Four Arrested in N.C., One Wanted; All Accused of Major Insurance Fraud Ring

North Carolina Officials arrested four Anson and Richmond County residents accused in an extensive insurance fraud ring. The accused were investigated for allegedly filing fraudulent insurance claims and altering police accident reports and hospital bills. Nancy Ratliff Smith, 39, of …

Fla. Commissioner Prohibits Cancellation of Tornado Victims’ Policies

Florida Insurance Commissioner Kevin McCarty issued an emergency order prohibiting insurance companies from canceling personal lines insurance policies for residents affected by last week’s tornadoes in central Florida. The order also prohibits insurers from canceling or non-renewing a policy solely …

A Computer Hacker Strikes Every 39 Seconds, Warns U. of Md. Study

Are hackers trying to get into your computer right now? And what are they up to? A study by the University of Maryland’s A. James Clark School of Engineering is one of the first to quantify the near-constant rate of …

First Ala. Captive Insurer Licensed Under New Law

The Alabama Department of Insurance has licensed its first captive insurance company under legislation enacted in 2006 and signed into law by Gov. Bob Riley. Chantilly Risk Management, which is located in Montgomery, is the creation of Automotive Aftermarket Association …

AXIS 2006 Net Income $925. 8 Million

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders of $925.8 million, or $5.63 per diluted common share for the year ended December 31, 2006, compared with net income of $90.1 million, or $0.57 per diluted common …

RenaissanceRe Reports Record 2006 Net Income of $761.6 Million

Bermuda’s RenaissanceRe Holdings Ltd. bounced back strongly from last year’s catastrophes to post net income for 2006 of $761.635 million, compared to a $281.3 million loss in 2005. Operating income for the fourth quarter was $198.6 million compared to a …

Marsh Outlines Avian Flu Risks

Marsh has issued a bulletin, following an outbreak of the avian flu virus H5N1 in the UK, which, outlines the risks and insurance implications for British businesses posed by the virus and the potential for a subsequent human pandemic. The …

Fla. Gov. Crist Visits Citizens Catastrophe Response Center; Claims Count Rising

Gov. Charlie Crist talked with Citizens Property Insurance Corporation catastrophe response employees Tuesday at one of four Emergency Operations Centers serving Central Florida residents affected by tornadoes and high winds that swept through the area Feb. 2. “He (Crist) was …

NEW expanded ARTISAN PROGRAM

A new classification for small General Contractors has been added to the Artisan Program. Classifications General Contractor, 1 – 2 Single Family Custom Homes Deductible The minimum deductible offered is $1,500 per claim Minimum Premium $1,000 minimum premium Eligibility Now …