Monthly Archives: <span>January 2006</span>

Minding Your Business

Marketing your products to baby boomers. Ongoing success in the insurance business depends on your ability to keep up with the latest market movements-and the market is moving toward Baby Boomers. When evaluating your agency, you might ask yourself: What …

Producers’ own liability grows as they and their clients expand

News Currents Property and casualty insurance agents and brokers are being exposed to more lawsuits as they move into unfamiliar products, states and technologies, and as their clients do the same. Cus-tomers and juries see agents and brokers as experts …

New Markets

NewMarkets Commercial Builder’s Risk Catastrophe Nuts & Bolts: International Catastrophe Insurance Managers LLC and Lantana Insurance Ltd., a member of the Glencoe Group of Companies, launched a commercial Builder’s Risk catastrophe product to be written on a surplus lines basis …

Texas governor to address agents at management seminar

Texas Gov. Rick Perry will deliver a special luncheon address at the Independent Insurance Agents of Texas’ 43rd Annual Joe Vincent Management Seminar. Nearly 400 of the state’s most progressive and influential independent insurance agency principals and managers are expected …

News Currents

Surplus Line Market: Speculations for 2006 Experts agree. The surplus lines market remains alive, healthy and stable. Who can argue with the success of this niche-based market that has risen from 4 percent in 1984 to almost 15 percent of …

People

The Insurance Council of Texas elected James Langford as chairman of its Board of Directors effective Jan. 1, 2006. Langford is the assistant vice president of compliance, regulatory and governmental affairs, and training at the Texas Farm Bureau Insurance Companies …

I.I.I.: Claims in La. Equal to 25 Years of Premiums

The record total of homeowners insurance claims payments resulting from the 2005 hurricanes in Louisiana is enough to wipe out all homeowners premiums paid in the state during the past 25 years, as well as every dollar of homeowners insurance …

Ark. Court: Insurers Don’t Have to Pay for Wreck

An insurance company doesn’t have to defend or pay the claims of a Pulaski County woman whose 15-year-old son wrecked the family car, the Arkansas Court of Appeals ruled. The court upheld a judge’s ruling that Southern Farm Bureau Casualty …

Editor’s Note: Springing Back

Despite losses from the 2005 hurricane season, property and casualty insurance company failures de-clined 44 percent from the previous year. In the insurance world catastrophes pretty much defined what 2005 was all about; 2004, as well, for that matter. As …

News Currents

2006 hurricane preparations top Mississippi’s legislative agenda PCI pushing for stronger building codes Enacting and enforcing a strong statewide building code could save billions of dollars in damages from hurricanes and should be among the top priorities of Mississippi lawmakers …