There is a new reality. Gramm-Leach Bliley has helped bring about the biggest economic collapse since the Great Depression. Remember the good old days when customers knew their bankers and property owners knew who held their mortgages and the economy …
Barney & Barney appointed Arlene Lieberman, a principal of the firm, to the board of directors. This governing board is made up of senior leadership and has responsibility for overall governance matters and setting strategic direction for the 100-year-old firm. …
Gillis, Ellis & Baker Independent insurance agency Gillis, Ellis & Baker Inc. (GEB), headquartered in New Orleans, opened a new office in Houston under the name of Gillis, Ellis & Baker of Texas PLLC. “We have clients with operations in …
The American Recovery and Reinvestment Act of 2009, or the Stimulus Package, is the largest infusion of government funds into the private sector in history. Although it does not include direct benefits to the insurance industry, it includes provisions that …
Frankly Mad “It’s very, very disappointing. I’ve just pretty much run out of patience.” —Oklahoma Insurance Commissioner Kim Holland. Holland said she is “grossly disappointed and frankly mad” about a continuing backlog of more than 200,000 unpaid health insurance claims …
The Texas insurance industry lost nearly $1.4 billion in 2008. According to figures released by the Texas Department of Insurance, for every dollar the state’s insurance industry took in it paid out $1.65. “It was a tough year for the …
As this issue of Insurance Journal South Central Edition went to press, Oklahoma officials were set to award $250 million in contracts for much needed road and bridge improvements in that state. The money is part of the $465 million …
Higginbotham & Associates, an independent insurance brokerage firm based in Ft. Worth, Texas, added employee benefits brokers John Collins, Dana Jones and Rob Marsh to its managing director team for 2009, in recognition of their contributions to the firm. With …
165 The estimated incurred loss ratio for insurers in Texas in 2008 is a record high of 127; the combined loss and expense ratio is 165. Texas Department of Insurance “Texas Homeowners Insurance Loss Data 1992-2008” report puts estimated losses …
Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the change in underwriting and pricing philosophies. No soft market lasts …
