Monthly Archives: <span>July 2014</span>

Peremption for Me, But Not for Thee

The Difference Between Insurance Agents and the Insurers They Represent Hurricane season 2014 had barely begun when Hurricane Arthur formed and wreaked havoc along the East Coast during the 4th of July weekend. Whether the 2014 hurricane season proves to …

As America Overall Ages with Boomers, Energy States See Youth Boom

Seven states, including five in the Great Plains, saw their median age decline between 2012 and 2013, according to U.S. Census Bureau estimates. At the same time, the median age for the United States as a whole ticked up from …

People – Southeast

Charleston, South Carolina-based managing general agency Johnson & Johnson has named Cathy Parmley as vice president of operations. As vice president of operations, she will supervise the company’s internal policy workflows and allocation of resources for both commercial and personal …

Litigation Finance Firm Blames Tenn. Law for Exit

A litigation funding firm said it is leaving Tennessee as the state now regulates their business of loaning money to consumers bringing lawsuits. Illinois-based Oasis Legal Finance, one of the country’s largest consumer legal funding services, announced it was leaving …

Painkiller Prescribing Highest in South; Florida Reverses Trend

Health care providers in some states prescribe far more painkillers than those in other states, according to a new government report. Health care providers wrote 259 million prescriptions for opioid painkillers in 2012 – many more in some states than …

South Carolina Windpool Shrinks as More Insurers Go Near Water

More private insurers are selling wind coverage to South Carolina coastal property owners, leading to a decline in the population of the state’s windpool, the South Carolina Wind and Hail Underwriting Association. SCWH Executive Director Smitty Harrison Executive Director said …

Planning for Uncertainty

The traditional business plan includes short-term and long-term goals and projections. But, how do you plan when you can’t guess what will happen? Some things are shifting faster than you can keep up with or are changing based on politics. …

Lloyd’s Underwriters Find Success with U.S. Subsidiaries: SNL

Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant participation in the Lloyd’s of London market …

My New Markets

My New Markets is brought to you by Insurance Journal’s sister website: www.mynewmarkets.com Need a Market? Find it. FAST. Attorneys Market Detail: 5Star Professional Programs’ PROtect provides directors and officers (D&O) errors and omissions (E&O), employment practices liability insurance (EPLI) …

Surplus Lines Tax Sharing Solution Still Up for Debate

Things have changed a bit for the surplus lines industry since the Non-admitted and Reinsurance Reform Act, (NRRA) part of the Dodd-Frank Wall Street reform legislation, passed in 2010. The NRRA’s implementation has provided more uniformity in the regulation and …