Every insured homeowner in North Carolina could shoulder the cost of rebuilding if a massive hurricane hits under a deal taking shape in the Legislature. The legislation (HB1305), expected to be detailed in a House committee this Thursday, aims to …
Houston-based insurance agency Bowen, Miclette & Britt has named Dan Persha as director of Environmental Risk Management. With 30 years of commercial insurance brokerage experience, Persha specializes in heavy casualty, energy and environmental services placements. Paul Cerone, chief operating officer …
A Baton Rouge, La., insurance agent has been arrested, served with a cease and desist order, summary suspension order and fine notice for alleged fraud. Henry Leo Beard, Jr., 36, was arrested by agents with the Louisiana Attorney General’s office …
Louisiana should try to increase its own emergency shelter space by upgrading public buildings, like schools or government sites, so they can house hurricane evacuees, a House of Representatives committee has agreed. Without objection, the House Judiciary Committee approved a …
Amerisafe Inc., a DeRidder, La.-based specialty writer of high hazard workers’ compensation insurance, has appointed Brendan Gau as executive vice president and chief investment officer. Gau’s appointment is effective June 23. Prior to joining Amerisafe, Gau previously was employed by …
Three words, and his embodiment of the spirit they represent, earned owner, Richie Clements of Clements Insurance Services in Chalmette, La., a nomination for National Flood Insurance Program (NFIP) Agency of the Year by recently. While Clements did not win …
Hiscox Hiscox, an international specialist insurer, has opened an office in Miami to further expand its U.S. operations. The Miami office, which is located in the heart of the Brickell area, will serve brokers in the Southeast. The lines of …
Never Say Never “I never rule out the option of a special session… The idea that somehow or another these agencies are going to go away, that’s not going to happen.” —Texas Gov. Rick Perry. After the Texas Legislature adjourned …
Cat Modelers and Insurers Applying Lessons Learned Since Hurricane Katrina wreaked its damage in 2005, catastrophe modeling firms and the property and casualty insurance industry have learned more about the scientific and actuarial nature of hurricane risk, according to experts …
Lessons Gained from the Current Economic Storm The property/casualty business has never been easy. As history shows, the underwriting community has been successful in creating and delivering insurance products that give consumers and business owners peace of mind. Over time, …
