2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to hamper revenues in …
Munich Re has released its annual report on the natural catastrophes that occurred in 2008, which it describes as “one of the most devastating years on record.” 2008’s major catastrophes included a number of tropical cyclones (hurricanes and typhoons) and …
Munich Re has released its analytical report on the natural catastrophes that occurred in 2008, which the reinsurer describes as, “one of the most devastating years on record.” 2008’s major catastrophes included a number of tropical cyclones (hurricanes and typhoons) …
Louisiana Medical Mutual Insurance Company reported it will return a 20 percent dividend to all LAMMICO policyholders in Louisiana and Arkansas. Nearly 6,000 policyholders will be affected; the dividend amount is based on policyholders’ written premium as of Nov.21, 2008. …
Brown & Brown Inc. announced it is acquiring Alexandria, La.-based Insurance 1 Inc. With annualized revenues of approximately $800,000, Insurance 1 focuses on property and casualty, as well as health and life insurance for individuals and businesses in Louisiana. Company …
West California Passed Agent-Broker Law The most notable bill affecting California agents was AB 2956, which clarifies the duties of an insurance agent versus a broker. Prior to the new law, confusion existed within the industry, with consumers, brokers, agents, …
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. Baby Products MarketScout: www.marketscout.com gives agents access to a products liability market for baby products. …
A Delaware judge has approved a $115 million settlement in a shareholder lawsuit against former executives of insurance giant American International Group. The settlement approved this week was reached in September, just days before trial was to begin in a …
A federal judge in New Orleans has dismissed an antitrust lawsuit Louisiana’s former attorney general filed against some of the nation’s largest insurance companies after hurricanes Katrina and Rita. The suit, filed in 2007 by former Attorney General Charles Foti …
An $849 million Hurricane Katrina recovery program hobbled by red tape and the national credit crunch will seek to issue rebuilding money directly to small landlords without the involvement of banks, officials said Dec. 17. The Louisiana Small Rental Program …
