Managed Care Law Weekly
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LandAmerica Financial Group
Company contributes $1,000,000 to Red Cross through insurer for hurricane relief
October 9th, 2005
LandAmerica Financial Group, Inc. (LFG), a provider of real estate transaction services, reached an agreement with the Arizona Department of Insurance (DOI) under which the company will voluntarily contribute $1,000,000 to the Arizona chapters of the American Red Cross to benefit Arizona citizens and the victims of Hurricane Katrina recently evacuated to Arizona. LandAmerica and the Arizona DOI have been engaged in discussions over the propriety and legality of captive reinsurance transactions in that state. Because the Arizona DOI agreed that no Arizona consumer paid more for title insurance under these arrangements, the company, insurance director Christina Urias and...
Source: Managed Care Law Weekly (2005-10-09)
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