Louisiana remains the third most expensive homeowners insurance market in the nation behind Florida and Texas, according to newly released data from the National Association of Insurance Commissioners. The average premium in Louisiana for a standard homeowners policy in 2007, …
The Rise of Kansas City-based Ascension Insurance Len Kline and his business partners, the private equity firms Parthenon Capital and Century Capital Management, had an ambitious goal when they created Kansas City, Mo.-based Ascension Insurance Inc. in late 2007. They …
TAPCO Insurance agents in Alabama and Louisiana may now access the services provided by TAPCO Underwriters Inc. (TAPCO), a Burlington, N.C.-based MGA that specializes in high-volume, middle-market excess and surplus insurance lines. The company says it has the ability to …
The Insurance Council of Texas (ICT) elected Craig Sparks chairman of its board of directors. Sparks has been president of the Union Standard Insurance Company in Irving since 2000. Sparks’ insurance career began the day he graduated from the University …
The board of directors of the American Academy of Actuaries has elected Mary Frances Miller as the organization’s president-elect. Miller will succeed Ken Hohman as president for the 2010-2011 term. Miller is a consulting actuary with Select Actuarial Services in …
Company Ransom “We have been duped into thinking that these AIG employees have some kind of secret code that no other employee could discover if they were hired to replace them and therefore they are able to basically hold the …
$19 Million The amount being funneled to the Mississippi wind pool from the Mississippi Insurance Department this month. Insurance Commissioner Mike Chaney said the funds should help stabilize premium rates for wind pool policyholders. $23,000 The fine levied by South …
A state audit of a Kentucky municipal association – the second in as many months – has found problems with compensation, spending, conflicts of interest and procurement matters including in the operation of the organization’s insurance services. State Auditor Crit …
Before Mississippi lawmakers passed tort reform that limited damages in civil litigation, Ronnie Lee Lymas’ lawsuit against the store where he was shot wouldn’t have gotten much attention. That’s anything but true now: The case is being characterized as a …
Mississippi Insurance Commissioner Mike Chaney said he’s taking steps to discourage companies from seeking higher rates for the Gulf Coast or other specific areas of Mississippi. Chaney said he will require that insurance companies initially file requests for rate increases …
