The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed in the past couple of years as the economy has forced the closure of …
Writing about the landfall of Hurricane Katrina five years ago, essayist Ellis Anderson of Mississippi likened the communities along the gulf to a string of pearls. “Then, in August 2005, in the course of a single morning, Katrina severed the …
Despite the devastation from Hurricane Katrina in 2005, Louisiana Insurance Commissioner Jim Donelon said the state’s insurance market is stronger now and that the “outlook for continued market recovery is positive.” Donelon credited several key factors for the recovery, beginning …
More than $275 million in special property insurance assessments have not been reclaimed, and Louisiana policyholders will lose that money if they don’t act before the year is over, according to the Louisiana Department of Insurance. The assessments were imposed …
The Oklahoma Supreme Court has overturned a state law intended to raise revenue for the state’s Medicaid program. The ruling posted on the court’s Web site said the measure violates the state Constitution, the Associated Press reported. It came a …
$400 Million Dog bite claims cost the insurance industry $412 million in 2009, an increase of 6.4 percent from 2008. Dog bites account for more than one-third of all homeowners insurance liability claims paid out in 2009, according to the …
SeaWorld Safety “SeaWorld recognized the inherent risk of allowing trainers to interact with potentially dangerous animals. Nonetheless, it required its employees to work within the pool walls, on ledges and on shelves where they were subject to dangerous behavior by …
SUNZ SUNZ Insurance Co. of St. Petersburg, Fla., has gained the rights to provide workers’ compensation in four more states. The added states are Louisiana, Mississippi, Texas and Arizona. SUNZ, which is five years old, began by providing workers’ compensation …
A community of hurricane-resistant homes is being built in Gulfport, Mississippi. The modular concrete homes will be built by Royal Concrete Concepts in Okeechobee, Fla., and sold through the company’s Mississippi distributor, Concrete Building Concepts, according to the Sun Herald. …
Stephen A. Korducki, a senior insurance and reinsurance executive, has been elected president and CEO of Sunshine State Insurance Co. Inc. (SSIC), a homeowners insurance writer in Florida. Korducki succeeds John E. Rogan who is retiring after leading the company …
