Specialty Programs
N12 8 Texas commissioner allows windstorm rate hike Although welcome, some think it’s not enough 10 Judge says water may be covered in New Orleans canal case Ambiguities in policies may open the door
Innovations in information technology spur need for up-to-date underwriters
With rapid innovations in the field of information technology, types of underwriting that didn’t exist a few decades ago have become prominent today. For example, companies engaging in information technology business face daily exposures from theft or damage caused by …
St. Paul Travelers to cease renewing some commercial accounts in New Orleans
In a blow to post-Katrina recovery in New Orleans, St. Paul Travelers on Dec. 1 said it will stop renewing many commercial insurance policies in the area next year, according to the Associated Press. The rebuilding of New Orleans is …
P/C market takes hold of rapidly developing identity theft solutions
Identity-related fraud is a virulent crime, with 3.5 times the aggregate losses of all property crimes, such as burglary, larceny and vehicle theft, reported last year. In today’s technology/information-driven society, the threat is even greater, and it’s only getting worse. …
News Currents
Judge rules in favor of plaintiffs in New Orleans canal case In a decision that could cost insurers billions of dollars more than they have already paid out in Hurricane Katrina claims, a federal judge in New Orleans ruled that …
New Markets
Coastal Property – Texas Nuts & Bolts: Western Security Surplus has increased capacity to write coastal property coverage in Texas, including wind and hail, Tier 1 and 2 counties. The property coverage is offered via a non-admitted “A” rated market …
People The Texas Surplus Lines Association Inc. announced the election of the following officers and directors: President Len Kaplan, executive vice president and CFO, Delta General Agency, Houston; Vice President Lana Parks, president, The Parks Group Inc., Arlington; and Secretary/Treasurer …
Declarations
Are the elves at work? “Just because it’s close to Christmas doesn’t mean the governor has to be Santa Claus. That’s not what the special session should be.” — Louisiana State Rep. Steve Scalise, R-Metairie, a member of the House …
8 Texas commissioner allows windstorm rate hike
Although welcome, some think it’s not enough 9 Louisiana’s special session Despite protests, governor calls for 10-day session 10 Judge says water may be covered in New Orleans canal case Ambiguities in policies could open the door 10 St. Paul …
Private equity market bullish on E&S brokers
By mid-November more than $500 billion in private equity transactions had occurred in 2006, $100 billion in October 2006 alone, according to Andrew Rosen, a partner with private equity firm HM Capital Partners. Dallas, Texas-based HM Capital has a controlling …
