Monthly Archives: <span>August 2019</span>

People

National The Vertafore technology users network, NetVU, has named Linda Dodson as executive director. Dodson’s career has included work in an insurance agency and with agency carriers. She began her insurance career with Rand Insurance Inc. in Riverside, Conn., in …

What If Woodstock’s Producers Had Insurance in Place Back in 1969?

Not long after Jimi Hendrix’s “Hey, Joe” put the final note on three days of sex, drugs and rock n’ roll in a muddy cow pasture in upstate New York, Woodstock promoter Michael Lang recalled in an interview with Joel …

My New Markets

Coastal Homeowners Insurance Market Detail: Coastal Risk Solutions LLC (CRS) (www.coastalrisksolutionsllc.com) is a managing general agent in the coastal homeowners space. Coastal Risk Solutions offers a set of niche products. Coverage is underwritten on AM Best “A” paper. All policies …

Business Moves

East The Hilb Group, 360 Corporate Benefit Advisors The Hilb Group LLC has acquired New England-based 360 Corporate Benefit Advisors. The transaction became effective May 1, 2019. With offices in Fairfield, Conn., and Wayland, Mass., 360CBA is an employee benefits …

Congratulations Top Agencies

This year marks the 15th annual publication of Insurance Journal’s Top 100 Agencies special report. This year’s Top 100 welcomes 10 newcomers and agencies returning after a hiatus: Scott Insurance (James A. Scott and Son Inc.); Huntington Insurance; Rose & …

Texas Surplus Lines Premium Up by 13% at Mid-Year

Surplus lines premium in Texas increased to $3.48 billion at the 2019 mid-year point, up 13.4% over 2018’s mid-year total of $3.06 billion, according to data reported to the Surplus Lines Stamping Office of Texas (SLTX). Through the first half …

Texas Sues Aliera Healthcare Over Non-Licensed Insurance Sales

A lawsuit has been filed by the State of Texas seeking to stop Georgia-based Aliera Healthcare from selling health insurance in the state and engaging in the business of insurance without a license, the Texas Department of Insurance (TDI) reported. …

Insured Loss from Barry Not Likely to Be More Than $500M: RMS

Insured losses from Hurricane Barry probably won’t rise above $500 million, global risk modeling and analytics firm, RMS, says. The RMS estimate represents insured losses from wind, storm surge and inland flood damage, including losses to the National Flood Insurance …

Rate Inadequacy Increases for Texas Windstorm Insurer

In advance of its Aug. 6 board of directors meeting in Galveston, the insurer of last resort for wind and hail in counties along the Texas coast said it had determined its residential coverage rates are inadequate by 41.7 percent …

The Ridgecrest Earthquake: Will Recent Quakes Shake Up California’s Insurance market?

Those of us in California don’t blink when we feel a tremor. But when a big earthquake strikes, people ask questions: Was it the “Big One”? Is the “Big One” coming soon? Such were the questions after July 4, when …