Newton Joins GeoVera Holdings as State Executive for Louisiana

GeoVera Holdings announced that Bill Newton, a former Louisiana deputy insurance commissioner, has joined the company as Louisiana state executive. Newton will lead the company’s entrance into the Louisiana homeowners insurance market.

A native of Jefferson Parish, Newton has served in various management positions with Fireman’s Fund Insurance, Continental and Transamerica Insurance Group. He also served as president and chief executive of NORCAL, a medical malpractice company in San Francisco, before retiring to Slidell shortly before Hurricane Katrina hit, filling his Bayou Liberty home with water.

While rebuilding and elevating his retirement home in addition to serving as chief executive of the East St. Tammany Chamber of Commerce, Newton became involved in improving Louisiana’s insurance availability issues and joined the Greater New Orleans Inc.’s task force on the subject. Newton’s work in rebuilding Louisiana led to his position as deputy insurance commissioner under Jim Donelon where he was instrumental in bringing new insurance companies to Louisiana.

GeoVera Holdings writes residential insurance coverages nationwide and through its subsidiary, GeoVera Specialty writes policies for homeowners in eleven states including Florida, Texas, Alabama and South Carolina. GeoVera Specialty will be writing non-admitted homeowners policies through appointed wholesalers in Louisiana. GeoVera Specialty plans to write $6 to $10 million in premium for homes located south of the I-10 corridor.

Source: GeoVera Holdings, www.geovera.com

Topics Louisiana