Monthly Archives: <span>June 2010</span>

Business Moves

Essential Insurance, Higginbotham The Essential Insurance Group LLC, a property/casualty insurance and surety agency serving greater Houston, has joined forces with Higginbotham & Associates, a national insurance brokerage and financial services firm based in Texas. Under the terms of the …

Double Trouble: Oil and Hurricanes in the Gulf Coast

AIR Worldwide Reviews Implications of the Gulf Oil Spill for Hurricane Season The current oil spill in the Gulf of Mexico followed soon after a large explosion on the Deepwater Horizon oil drilling platform, 50 miles off the Louisiana Coast, …

Louisiana AG Files Petition Against BP

Louisiana Attorney General Buddy Caldwell has filed a Petition for Discovery and Investigation against British Petroleum in state court in Plaquemines Parish as a result of the massive oil spill in the Gulf of Mexico. The petition alleges that BP …

Florida Chief McCarty Calls for ‘Substantive Change’ in Property Market

Florida Insurance Commissioner Kevin McCarty thinks the time has come for the private insurance industry and public leaders to move beyond debating regulation of insurance rates and “be open and willing to make substantive changes” in the way business is …

Latin Agent Groups Growing, Starting Up, Going ‘Mainstream’

Florida Group Stresses Educational Offerings, Serving Non-Latin Agents Following the success of agents in Florida and California, a group of New York insurance agents has launched a new trade group for Latin insurance producers as well as brokers who serve …

Florida Market Still Frustrates Surplus Brokers

It has been quiet on the oceanfront in Florida in terms of hurricanes and tropical storms the past few years. However, the low catastrophe frequency has contributed to an extremely soft and competitive insurance market for Florida excess and surplus …

FAIA’s Grady: Florida Needs to Improve Its Insurance Reputation

The following are excerpts from a wide-ranging interview by Insurance Journal’s Andy Simpson with Jeff Grady, president and CEO, Florida Association of Insurance Agents, from Grady’s Tallahassee office. Insurance Journal: There are various players in the Florida property insurance market; …

Florida Reinsurance Prices Decline 10% But Challenges Remain at Renewal

Reinsurance pricing at the June 1 Florida renewal are down by 10 percent to 12 percent on average, on a year-over-year risk adjusted basis. That’s according to reinsurance intermediary Guy Carpenter & Co., which says the decline reflects a return …

Claims Gulf

Florida politicians let BP know in plain language that they have not been pleased with how the oil giant has been handling claims from the big and small businesses and families hurt by the Gulf oil gusher it created. It …

Gaylord’s Nashville Properties to Cost $215 Million to Restore After Floods

Gaylord Entertainment Co. says it expects the total remediation and rebuild cost for its properties in Nashville, Tennessee damaged by early May’s record flooding to be between $215 million and $225 million. The costs include approximately $165 to $172 million …