On July 18 the Texas Department of Insurance announced that Vesta Fire In-surance Company (Vesta Fire) and its Texas subsidiary insurance companies were being placed into liquidation. Notices were sent out to agents to cease writing new and renewal insurance …
Federal and state governments need to work with insurance companies to sponsor disaster mediation programs before something happens, before people who have worked all their lives for everything they have, then all of a sudden, within minutes, they lose all …
A separate survey released in May by the National Hurricane Survival Initiative (www.hurricanesafety.org) also revealed a high percentage of residents in hurricane-vulnerable states aren’t prepared, don’t take the threat of hurricanes seriously, and have significant gaps in what they know …
Third generation Waco agent going strong at 89 Third-generation and longtime Waco independent insurance agent Champe Fitzhugh Jr., was honored in mid-June by his insurance profession’s state association, the Independent Insurance Agents of Texas (IIAT), for attending his 60th annual …
Analyzing the economic rhymes and reasons of soft and hard market cycles in the insurance industry would make for a challenging university-level business course. Theories abound on why and when these cycles occur, but no matter how analytical or strategic …
The historical lessons learned from Katrina and Rita and looming predictions of a future with bigger and stronger storms highlight more than ever before the importance of flood insurance, even in locations where it was previously thought unnecessary. The National …
FEMA recently issued new flood maps that require people in many parts of New Orleans to elevate their houses, according to Jeff Albright, chief executive officer of the Independent Insurance Agents of Louisiana. “When you talk of raising a structure …
Agents can make a difference in the perception of the insurance business if, instead of tracking and billing delinquent accounts, they turn everything around and call good customers, Kat Davis of Tower Hill Insurance in Gainesville, Fla., insists. In a …
I don’t know about you but it’s only the middle of July (as this issue goes to print) and I’m already ready for the weather to cool off. You know that old adage about waiting 15 minutes for the weather …
Government attempts to deter terrorism can backfire and promote invigorated reprisals and a cycle of violence, according to a new study by University of Maryland researchers. The study is based on a review of what the researchers say is the …
