For service-type operations under a garage liability policy, the standard market generally writes this business under a general liability policy, which includes personal injury and advertising liability, fire legal liability and med pay. In order to match up reasonably with …
When agency consultants at Reagan Consulting hosted more than 150 industry leaders at a workshop on agent/broker mergers and acquisitions (M&A) recently, the mood was upbeat, since many brokers have continued to enjoy healthy growth and profitability. There was even …
The sharing economy, expanded litigation, surplus capital, custom account underwriting and further consolidation are likely to challenge the U.S. casualty insurance marketplace in 2016, according to broker Marsh. Marsh expects to also see wider use of new technologies from wearable …
Tornadoes, hailstorms and fires took their toll on Texas last year with insured losses well over $3 billion, according to an insurer trade group The state had more than three times as many claims and almost three times the dollar …
The Louisiana Department of Insurance (LDI) announced that in 2015 an additional $5.1 million in insurance claim payments was recovered on behalf of policyholders. According to Insurance Commissioner Jim Donelon, these funds are the result of insurance department staff working …
Oklahoma Gov. Mary Fallin approved the use of nearly $1.4 million from the state’s emergency fund to go to groups researching earthquakes. The fund is set aside for the state’s response to natural disasters. It has a current balance of …
Diamond Risk Insurance LLC, a wholly-owned subsidiary of Baptist Health, has been approved as a captive insurer by the Arkansas Insurance Department. Arkansas Insurance Commissioner Allen Kerr said Baptist Health is the first entity in Arkansas to create its own …
Specialist (re)insurer, Lloyd’s, appointed Dr. Enya He as regional director for its newly-established South Central United States region. She will be based in Dallas and be responsible for market development activities in Arkansas, Louisiana, Oklahoma and Texas. Prior to joining …
Employment in education and health services grew by 2,400 jobs in December 2015 to the highest level since the current employment tracking system began in 1990, while Louisiana’s unemployment rate fell to 6.1 percent, according to seasonally-adjusted data released by …
Dozens of Texas plants similar to a fertilizer facility that exploded in the town of West in 2013, one of Texas’ worst industrial accidents, are still operating near schools, hospitals and residential neighborhoods, federal regulators say. A report released by …
