Louisiana Insurance Commissioner Jim Donelon announced that Patrick W. Bell was appointed Deputy Commissioner of Minority Affairs at the Louisiana Department of Insurance effective Nov.1, 2010. Bell replaces former Deputy Commissioner of Minority Affairs, Richard Chambers, who retired July 26, …
The Louisiana Supreme Court recently decertified as a class a lawsuit stemming from Hurricane Katrina that a lower court had previously found met the requirements for class action status. The plaintiffs in the suit are residents of St. Bernard Parish …
President Barack Obama should intervene to stop the $20 billion BP oil spill compensation fund from depriving claimants of their rights, Alabama Governor Bob Riley said Monday, calling the way the fund was operating “extortion.” The fund, set up by …
Florida and Louisiana have reduced the number of policyholders covered by their state-run property insurers of last resort since 2008 but non-coastal property owners remain vulnerable to paying for these same insurers’ potential coastal losses. Florida Citizens Property Insurance Corp. …
Frost Insurance in Austin, Texas promoted Sheri Smyth to vice president of personal lines. Smyth, a 23-year insurance industry veteran, manages the personal lines department’s growth and retention efforts, and implements strategic programs and best practices at the Austin branch …
Louisiana Citizens Property Insurance Corp. (Citizens) has held a fourth depopulation offering in which 13,500 policies have been assumed by the private insurance market, according to state Insurance Commissioner Jim Donelon. Citizens, which insures homes and commercial properties that private …
$30 Million A Harris County, Texas, jury rendered a $30 million verdict against the Houston-based owner of SunMart convenience stores for defrauding gasoline purchasers, according to the Texas Attorney General’s Office. SunMart is owned by Petroleum Wholesale L.P. (PWI). The …
The administrator of the $20-billion fund created by BP Plc to compensate Gulf of Mexico oil spill victims has announced plans for processing final payments. Kenneth Feinberg said in a news release that claimants have a choice: a lump sum …
Insurance Considerations for Agents Insuring Agricultural Employer Every state has been impacted by Arizona’s immigration law, as there is now a cry for immigration reform. Employers who hire a questionable workforce due to the “dirty” or menial nature of certain …
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. A-Side Directors & Officers Market Detail: Great American Insurance Group’s Executive Liability Division offers A-Side …
