Daily Archives: <span>December 4, 2017</span>

Utah Seeing Increase in Drug-Related Deadly Crashes, Report Shows

The number of fatal car crashes linked to drivers on drugs has spiked in the last two years in Utah while alcohol-related fatal wrecks have declined slightly, state figures show. The Legislature’s annual report on driving under the influence data …

Rate Increases Approved for Texas Automobile Insurance Plan Association

Texas Insurance Commissioner Kent Sullivan has approved changes in the rates for private passenger and commercial automobile insurance provided through the Texas Automobile Insurance Plan Association (TAIPA), which is the state’s assigned risk plan. The changes, which are effective March …

Texas Officials: At Least 1 Roadway Death per Day Since 2000

At least one person has died on Texas roadways every day since November 2000, state transportation safety officials say. The Texas Department of Transportation reported that from Nov. 7, 2000, through Nov. 7, 2017, fatalities resulting from motor vehicle crashes …

Fewer Opioids Prescribed in Louisiana Following Medicaid Expansion

Data from the Louisiana Department of Health and the Louisiana Board of Pharmacy show there are fewer opioids being prescribed since Medicaid expansion began in July 2016, the Louisiana governor’s office reported. According to the Board of Pharmacy which administers …

People

Garrett Sprowls, general counsel and managing broker of Austin-based Professional Lines Underwriting Specialists Inc. (PLUS Inc.), has been elected president of the Texas Surplus Lines Association Inc. (TSLA). Other newly elected TSLA officers and directors include: Vice President Matt Leicht, …

Surplus Lines Premium Up for the Year in Texas

Texas has recorded $4.6 billion in surplus lines premium through the end of October 2017, a 6 percent increase over the same period in 2016, according to the Surplus Lines Stamping Office of Texas (SLTX). At the annual meeting of …

Arkansas Insurance Commissioner: Department Has Saved $785K in Personnel Costs

Since 2015, the Arkansas Insurance Department has saved $784,516 in personnel costs, the state agency reported. The savings are attributed to departmental efficiencies implemented by Insurance Commissioner Allen Kerr who was installed as head of the department that year. In …

7 Major Pitfalls of High Net Worth Insurance Programs

Imagine designing a program of insurance that covers multiple homes in different states and countries, incorporates estate planning strategies, covers automobiles in multiple states, valuable global collections and personal liability lawsuits that may arise. Insurance programs designed for individuals with …

New Markets

Special Events Liability & Events Cancellation Insurance Market Detail: Midlands Management Corp.’s (www.midlandsmgt.com) program highlights include: limits from $100,000 per occurrence/$200,000 aggregate up to $1 million per occurrence/$2 million aggregate; facility as additional insured at no extra cost; liquor liability …

Business Moves

Hub, Wells Fargo Global insurance broker Hub International Ltd. has agreed to acquire the assets of the crop insurance broker business of Wells Fargo Insurance. Terms of the agreement to buy the business, known as Wells Fargo Crop Insurance Agency, …