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

Texas Mutual, Frost Insurance Launch Auto Repair Purchasing Group

Texas Mutual Insurance Company and Frost Insurance Agency have partnered to launch the Texas Auto Repair purchasing group, Texas Mutual announced. The group offers members a money-saving workers’ compensation option. The Texas Auto Repair group is open to qualifying tire …

Ailing 9/11 Workers Sue WTC Insurance Fund for Sick Pay

Ailing ground zero workers went to court Tuesday to demand that the company overseeing a $1 billion (euro730 million) Sept. 11 insurance fund uses it to pay for their health care. Attorneys for the workers argue that federal officials meant …

Miami Airport Terminal Evacuated after Bomb Scare

A terminal at Miami International Airport was evacuated early Monday after authorities found a possible explosive device at a security checkpoint. “A possible explosive device showed up in an X-ray machine at the checkpoint,” airport spokesman Greg Chin said. Passengers …

Borrowing Money Likely Option for Florida Catastrophe Fund

Florida officials said Monday they are considering borrowing as much as $5 billion to make sure the Hurricane Catastrophe Fund will have enough to pay claims in the event of a large hurricane. The state Board of Administration, which includes …

Tenn. Annuity Dealer in Receivership, Florida Follows Up

Following up on a warning she issued in April, Florida Chief Financial Officer Alex Sink is now advising Florida consumers who made annuity transactions with the unauthorized Tennessee-based National Foundation of America that the Tennessee Department of Commerce and Insurance …

Fla. CFO Paints Scenario of Post No-Fault Auto Insurance

After several weeks of analysis, Chief Financial Officer Alex Sink sent Gov. Charlie Crist, Senate President Ken Pruitt, House Speaker Marco Rubio and other legislative leaders a letter outlining potential implications of the Oct. 1 sunset of Florida’s Motor Vehicle …

Willis Index Shows Soft Market in U.K. for Financial and Professional Lines

Rates continued to decrease in the second quarter of 2007 across all financial, executive and professional lines of insurance, according to a survey of London market insurers by Willis Group Holdings (NYSE: WSH), the global insurance broker. The Willis Index …

Insurance Broker to Reimburse Floridians $2.6 Million

While denying wrongdoing, Willis Group Holdings Ltd., a national insurance broker, agreed to reimburse $2.6 million to multiple Florida cities and counties, according to state officials. Florida Chief Financial Officer Alex Sink, Attorney General Bill McCollum, and Insurance Commissioner Kevin …

Nearly 18K in La. Interested in Buying FEMA Trailers, Mobile Homes

Nearly 18,000 occupants of Federal Emergency Management Agency (FEMA) travel trailers and mobile homes in Louisiana have shown interested in purchasing their units, the agency has reported. In an effort to help displaced residents of hurricanes Katrina and Rita with …

Gerber Baby Cereal Recalled over Choking Hazard

Gerber Products Co. recalled all packages of its organic rice and organic oatmeal cereals Friday because of potential clumping of the baby food, which can pose a choking hazard. Gerber said it has received complaints of choking but no reports …