Monthly Archives: <span>July 2008</span>

It Figures

26,595 A total of 26,595 policies have been selected to be removed from Louisiana Citizens Property Insurance Corp. (Citizens) by ASI Lloyds, Imperial Fire & Casualty Insurance Company, Occidental Fire & Casualty Company, Southern Fidelity and non-Incentive Program insurer Americas …

Find a Silver Lining in the Soft Market

Strategies From ‘Best Practices’ Agencies Searching for ways to survive and thrive in the soft market cycle? Cultivate untapped customer markets; proactively service renewals; use technology for efficiency and to manage customer expectations; assertively seek referrals and strive to be …

National Insurer Wants to Include Flood Coverage in Home Policies

One of the nation’s largest insurance companies is lobbying Congress for permission to sell policies that cover damage from both wind and flood water, a plan billed as a way for insurers and homeowners to avoid costly litigation after disasters …

Declarations

Reaching the Peak “This is probably it. … I think we’re probably reaching the peak of rates now.” —Louisiana Citizens Property Insurance Corp. CEO John Wortman, comments in an Associated Press report on double-digit homeowners rate increases proposed by Citizens …

IIAT Names Award Winners, Elects New Officers

Beginning Sept. 1, 2008, Garry Kaufman, president of Galveston Insurance Associates, Galveston, Texas, will lead the Independent Insurance Agents of Texas (IIAT) as president. Kaufman was elected at IIAT’s 111th Annual Trade Show and Convention, held recently in Austin. He …

Less Regulation is ‘More,’ PCI Ceo Says

David Sampson, CEO of the Property Casualty Insurers Association of America (PCI), thinks most public policy makers want to do the right thing but they too often get hung up on clouded rhetoric and misleading media reports. Thus, when it …

People McQueary Henry Bowles Troy LLP (MHBT) added Jim Anderson as senior vice president in the Dallas-based firm’s property/casualty group. Anderson will oversee the production and account management of property/casualty business accounts. With nearly 30 years of risk management experience, …

Kentucky Explores ATV Accidents

Kentucky led the nation in all-terrain vehicle (ATV)-related deaths in 2007, according to the Consumer Product Safety Commission. The frequency of injuries and fatalities caught University of Kentucky hospital surgeon Andrew Bernard’s attention. He’s hoping a study he’s started at …

Alabama Woman Charged with Killing Horse for Insurance Money

Police said a south Alabama woman admitted to shooting her show horse to death in May, burning a barn with the animal inside and attempting to collect $100,000 in insurance on the horse named Abby. Brenda Gradia, of Flomaton, also …

Court Rules Contingent Commissions Legal

In a twist to a scandal that has rocked the insurance industry over the last several years, a New York appeals court has ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not illegal. The ruling …