During April 2006, Jean Patterson, executive director of the Texas Surplus Lines Association, celebrates her 25th year with the organization. With this being the association’s 50th anniversary, Patterson can rightly say she has supported TSLA for half its life. A …
TSLA’S PATTERSON 25 years but who’s counting? CHALLENGING WIND DATA Critics say modelers need oversight
However, insurer trade group says it can be found by those who shop After the wreckage caused by last year’s Hurricanes Katrina and Rita, many home insurers in southern Louisiana are refusing to write new policies, or are leaving vulnerable …
People Conroe, Texas-based managing general agency and wholesale insurance broker Surplus Inc. announced key promotions within its management team. Debra Bowers was promoted to executive vice president. Bowers has 25 years of experience in the industry with 23 of these …
Totally ready or just terrorism ready? Is the nation’s terrorism-centric focus hurting its efforts to plan for other disasters? Dr. James L. Valverde Jr., director of economics and risk management for the Insurance Information Institute, posed that question at the …
Insurance agencies have millions of dollars in transit through their trust bank accounts. How should agencies manage premium dollars? Unlike other sales and service companies, independent insurance agencies have a management function in their daily operations. Most property and casualty …
News Currents Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific and are designed to justify insurance premium increases. RMS declined to address …
Republic, American Vehicle Dallas-based Republic Companies Group Inc. announced an agreement in principal with American Vehicle Insurance Company, a wholly-owned subsidiary of 21st Century Holding Company, an insurance holding company. The agreement, subject to certain conditions, will enable American Vehicle …
The debate over ‘ensuing loss’ continues Mold ‘crisis’ put spotlight on policy language Despite all the recent changes in policy forms, a number of claims still exist under policies using “ensuing loss” language. This language has been the source of …
One couple has sued Regions Bank for allegedly failing to pay their windstorm policy out of their escrow account. Hurricane Katrina lawsuits are multiplying and it’s not just insurance companies that are defendants. Oil companies, mortgage brokers, a shipping firm …
