Monthly Archives: <span>August 2005</span>

Golden Rule Insurance to Use Norvax Web Tools

Golden Rule Insurance Company and Norvax Inc., a developer of Web-based sales and customer communication tools for the insurance industry, have joined forces to automate the insurance application process for brokers and customers. Golden Rule’s E-Store electronic application system and …

Commissioner Announces Ark. Insurance Day

Arkansas Insurance Commissioner Julie Benafield Bowman announced that the state’s Fifth Annual Insurance Day will take place Sept. 28-29, 2005. The commissioner said Arkansas Insurance Day is designed to expose college students to the benefits of the insurance industry, with …

SIIS to Host Insurance Media Day

Southwestern Insurance Information Service announced it is hosting an insurance media day on Sept.16, 2005, in Austin, Texas. The objective of the event will be to provide statewide journalists who cover business, insurance and public policy development an opportunity to …

La. DOI Issues Very Early Damage Estimates from Hurricane Katrina

Louisiana Commissioner of Insurance Robert Wooley said preliminary estimates by one hurricane modeling company suggests insured damages from Hurricane Katrina could reach as high as $19 billion in Louisiana alone. According to Applied Insurance Research Worldwide Corporation (AIR), total insured …

Florida’s DFS Sets Up Hurricane Assistance Locales

Four South Florida locations where consumer service professionals will be assisting victims of Hurricane Katrina have been announced by Tom Gallagher, Florida’s CFO. “Here in Florida thousands of Floridians experienced major flood and wind damage and we want to help …

Lloyd’s Statement on Hurricane Katrina

Lloyd’s has issued the following statement concerning Hurricane Katrina’s possible impact: “Lloyd’s expects to receive significant insurance claims as a result of Hurricane Katrina, predominantly in relation to offshore energy installations in the Gulf, property damage and business interruption. “We …

Munich Re Preliminary Estimate of Insured Loss from Katrina at $15-$20B

A Munich Re spokesman told news organizations on Tuesday that the world’s largest reinsurer’s preliminary estimates of insured losses from Hurricane Katrina would be in the $15 to $20 billion range. The estimate would put the savage category 4 storm …

Swiss Re Estimates Potential Katrina Losses Could Reach $26 Billion

Swiss Re’s preliminary estimates of insured losses from Hurricane Katrina are significantly higher than Munich Re’s (see previous article). The world’s second largest reinsurer indicated that they could go as high as $26 billion, making the category 4 storm that …

Relief Agencies Look to Assist Victims from Katrina

A number of agenices have posted contact information in the wake of Hurricane Katrina, which left a swath of death and damages from Louisiana to Alabama in the last day. For more information, contact the following: Alabama Emergency Management Agency …

OSHA Fines N.H. Employer for Safety Hazards

Fire, fall and exit access hazards at a Manchester, New Hampshire muffler shop have resulted in $56,000 in proposed fines from the U.S. Labor Department’s Occupational Safety and Health Administration (OSHA). Monro Muffler Inc. was cited for a total of …