Declarations
Tired and Frustrated “We’ve been doing this for a long time. … We’re not getting a lot of sleep. We’re tired. We’re frustrated that this is continuing to happen. But we remain strong in our belief that we’re going to …
People
The Independent Insurance Agents of Texas (IIAT) on Feb. 2 presented its 2010 Independent Leadership Award to Joe Straus III, speaker of the Texas House of Representatives. The Independent Leadership Award was presented during IIAT’s Joe Vincent Management Seminar. Straus …
New Markets
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Livestock Mortality Insurance Market Detail: Chopra Insurance Brokerage Inc. offers an “all risks of mortality” …
Ironshore Makes Two Executive Appointments
Specialty insurer Ironshore Inc. has appointed Jordan Gantz as senior vice president and chief underwriting officer of the U.S. Specialty Casualty unit. Gantz currently serves as senior vice president at Ironshore Risk Agency, responsible for the national wholesale casualty operations …
Professional Insurance Marketing Association Names 2010 Officers
The Professional Insurance Marketing Association, a networking and business development forum for the insurance direct marketing arena, has elected its 2010 leaders, naming James P. Gallagher president. Gallagher is senior vice president, sales & client relations at USI Affinity, Collegiate …
Plea Deal Discussed for Ex-Louisiana Citizens CEO
A plea deal may be in the works for the former chief executive of Louisiana’s state-run property insurance company. Defense attorneys and state prosecutors said they have been talking about a possible plea bargain for Terry Lisotta, who was indicted …
Increase in Commercial Rates Proposed for Louisiana Citizens
The board of Louisiana Citizens Property Insurance Corporation will vote in March on a proposed increase for commercial policy holders that will average 4.57 percent. Insurance Commissioner Jim Donelon told The Times-Picayune that his office has signed off on the …
Louisiana Recovered $8.2M for Insurance Consumers in 2009
Louisiana Insurance Commissioner Jim Donelon announced that the Department of Insurance helped Louisiana insurance consumers to recover $8.2 million in insurance payments last year. The recovered funds result from insurance claims disputes mediated by the department. The payouts are above …
Louisiana Commissioner Denies State Farm’s 19% Rate Increase
Louisiana Insurance Commissioner Jim Donelon has declined to approve a rate request filed by State Farm Fire and Casualty Company that would have raised homeowners insurance rates by a statewide average of 19.1 percent. State Farm filed the rate revision …
A.M. Best B+ (Good) Rated Contractor GL Insurance Carrier Expanding to 35 States
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, …
