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KINGFATHER NEW PRESIDENT AT STRONG-TIE Philip “Terry” Kingsfather is the new president and COO at Simpson Strong-Tie®, Pleasanton, CA. Kingsfather succeeds Steve Lamson, who had announced plans to retire in 2007. Lamson will stay on until then and assist with the transition of responsibilities. Kingsfather was the vice president of Simpson Strong-Tie’s Anchor Systems product line and has been with the company for 27 years. His Simpson career started in 1979 as an outside sales representative in the Pacific Northwest. Six years later, he moved into the position of regional sales manager. He joined the Anchor Systems sales team in 1997 and was instrumental in the rollout of this product line. Prior to being appointed vice president in 2004, he had focused on national account sales for Anchor Systems. Simpson Strong-Tie is a leader in structural systems technology and one of the largest suppliers of structural building products in the world. Its products are sold through a network of distribution and retail outlets. CAT-5 RELEASE HURRICANE NETTING SYSTEM Cat-5 Inc., Deerfield Beach, FL, has released Cat-5 Hurricane Netting System, lab- and field-tested and approved for protecting roofs, sheds, patios, signs, cars, boats and even providing impact protection where applicable. It took two active hurricane seasons, an expert in storm protection engineering, a seasoned storm shutter manufacturer and two years of product testing to bring the product to market as the next generation in storm protection. The Cat-5 hurricane net can be cut, clamped and installed on the spot, reused and easily stored, the company states. It can cover damaged roofs with existing blue tarps restoring full integrity to the roof system for pending storms, it adds. HURRICANE MONEY GIVEN DIRECTLY TO LOUISIANA, MISSIPPI, HOMEOWNERS Nearly $10 billion in federal aid is going directly into the hands of people in Mississippi and Louisiana who lost their houses in last year’s hurricanes, according to a report published in The New York Times in mid-July. The aid comes as an unprecedented government effort to urge recovery by giving taxpayer dollars directly to homeowners and allowing them to decide whether and where to rebuild or relocate. In Mississippi, the first round of up to $3 billion in checks was expected to be mailed by the end of July. Louisiana has opened the first of 10 offices where homeowners will be walked through the process of applying for more than $6 billion in aid. Money there was expected to be available by the end of August. STATE FARM INCREASES FL INSURANCE RATES MORE THAN 50 PERCENT State Farm Insurance Cos., Bloomington, IL, stated in July it will raise property insurance rates in Florida by 52.7 percent. The company says the higher rates will allow it to keep doing business in the state despite predictions of more active hurricane seasons ahead. Existing customers can expect to begin paying the higher rate November 1, but new customers will be given the higher rate beginning September 15, according to a company statement. State Farm cites “skyrocketing” reinsurance costs—coverage for insurance companies against massive claims—as the reason for the increase. |
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