Sean McGovern now heads Lloyd’s operations in the U.S. and Canada – the first and third largest sources of business for its underwriters. Lloyd’s not only wants to hold on to that business, but also to increase it. “We’re in …
The U.S. Court of Appeals for the 5th Circuit has sided with an attorney in an appeal of a lawsuit granting the lawyer contingency fees in the settlement of a homeowners insurance claim in the aftermath of Hurricane Katrina. It …
More than 1,500 Louisiana homeowners saw their residences swept away by seizure during the third quarter of 2010, a national company that tracks foreclosures reported Oct. 14. Irvine, Calif.-based RealtyTrac said that in addition to 1,560 foreclosure sales, another 2,819 …
Louisiana and Texas families displaced by Hurricanes Ike and Gustav now have until March 31 to transition to permanent housing. U.S. Housing and Urban Development Secretary Shaun Donovan and Craig Fugate, administrator of the Federal Emergency Management Agency, said that …
A Chinese drywall manufacturer has agreed to participate in the remediation of up to 300 homes in Alabama, Mississippi, Louisiana and Florida that were contaminated by faulty drywall. An agreement was reached with Knauf Plasterboard Tianjin (KPT) in Chinese Drywall …
U.S. states can proceed with a lawsuit seeking to overturn President Barack Obama’s landmark healthcare reform law, a Florida judge ruled Thursday. U.S. District Judge Roger Vinson had said at a hearing last month that he would block efforts by …
A Winnsboro, La., agent was served by the Louisiana Department of Insurance Fraud Section Investigators with a cease and desist order, a summary suspension order and a $10,000 fine notice for alleged misrepresentation. The case against Todd Samuel Easterling was …
Austin, Texas-based NSM Insurance Group has hired Jimmy Squires as business development manager for south Texas, Alabama, Arkansas, Louisiana, Missouri, Mississippi and Tennessee. Squires has more than 20 years experience with carriers and managing general agencies in both senior marketing …
The insurance industry called the passage of the Wall Street Reform & Consumer Protection Act on July 21, 2010, a “big win” thanks to provisions in the massive reform bill that would modernize regulation and taxation issues for surplus lines. …
The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during August 2010. The actions include 14 license revocations, four license denials and fines and restitution totaling $832,708. Copies of Geeslin’s orders may be …
