March 19, 2010
While 2009 was a tough year to do business, state and city leaders say 2010 and 2011 will be even tougher — the outcome of which could have negative implications for the insurance industry. A number of states are struggling …
March 19, 2010
Hurricane Andrew, for all of the grief it delivered, gave wholesale broker Hull & Co. and Bruce Bowers a big opportunity. “Prior to ’92, there wasn’t much of a need for personal lines in the excess and surplus market, it …
March 19, 2010
The National Association of Professional Insurance Agents (PIA) has named Louisiana Congressman Charlie Melancon its 2010 Legislator of the Year. The award was presented March 17 during the 2010 PIA Federal Legislative Summit. Melancon represents Louisiana’s 3rd Congressional District covering …
March 19, 2010
A representative from the insurer trade group, the American Insurance Association (AIA), testified before a Louisiana legislative panel that efforts to abolish Louisiana Citizens Property Insurance Corporation (Citizens) are misguided. A commission on streamlining state government in late December 2009 …
March 18, 2010
When the swollen Red River threatened his house in Moorehead, Minn., last spring, all Mark Baumgardner could do was pack up, leave and hope he wouldn’t lose everything, since didn’t have flood insurance. In the end, his house was spared. …
March 18, 2010
The Army Corps of Engineers will begin taking proposals next month for permanent replacements for pumps and floodgates at the three canals where waters poured into New Orleans after Hurricane Katrina, officials said March 16. An agreement that accommodates proposals …
March 17, 2010
The Mississippi River is starting its spring climb with forecasters predicting a rise of more than a foot a day beginning at midweek. The result could be another year of flooding in the Vicksburg area. “Right now, we’re looking at …
March 16, 2010
A Louisiana parish council is asking hundreds of companies that make money on community contracts whether they also buy insurance from an agency owned by a former parish administrator. The letters to 404 companies are the broadest sweep yet of …
March 15, 2010
In a briefing session to introduce a package of bills supported by the Louisiana Department of Insurance for the upcoming legislative session, Insurance Commissioner Jim Donelon described the state’s insurance market as being in “good shape” and said the department’s …
March 10, 2010
National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”), A.M. Best Rated B+ (Good), is expanding from 25 to 35 states, with their Commercial General Liability coverage now being made available in Alabama, Connecticut, Indiana, Iowa, Kansas, Ohio, Mississippi, …