FEBRUARY 2022
Louisiana Surplus Line Reporter
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and writing about this business for over 40 years.
Articles
Fifth generation agent to lead New Orleans Big I Chapter
Alan Case, a fifth generation insurance agent, was installed president of the Independent Insurance Agents of Greater New Orleans (IIAGNO) during ceremonies held Jan. 28 at the Bourbon House in New Orleans. Case is a vice president at Lowry-Dunham, Case and Vivien...
Jason DiMaggio to head up The 1752 Club
Jason DiMaggio, with experience on both the agency and company sides of the insurance business, was installed president of The 1752 Club during ceremonies held Feb. 2 at On the River Events in Baton Rouge. He succeeds Shay Robinson, Foremost Insurance Company, who...
Troy Schmidt reinstalled as president of Big I chapter
Troy Schmidt, The Highlands Insurance Group, was reinstalled as president of the Independent Insurance Agents of Baton Rouge during ceremonies held Jan. 19 at Baton Rouge Country Club. He has one year left in his two-year term as president.Schmidt succeeded John...
Citizens seeks personal lines rate increase
The Louisiana Citizens Property Insurance Corp. (LCPIC) board of directors voted at its Jan. 13 meeting to send the proposed 2022 personal lines rate filing to the Louisiana Department of Insurance, seeking the department’s approval. In addition, the board voted to...
Americas placed in receivership by court
Insurance Commissioner Jim Donelon placed financially troubled homeowners insurer Americas Insurance Company into receivership Jan. 14, via court order in the 19th Judicial District Court in Baton Rouge. The receivership moves Americas one step closer toward the...
LDI releases the data collected on Hurricane Ida claims
Insurers have paid or reserved $10.5 billion on all types of Hurricane Ida-related claims in Louisiana through the end of 2021, Insurance Commissioner Jim Donelon announced Jan.31. This data represents the first measure of damage from Hurricane Ida, which struck the...
Donelon obtains a preliminary injunction
Judge Timothy Kelley of the 19th Judicial District Court in Baton Rouge issued a preliminary injunction that will temporarily prevent the Pennsylvania Commissioner of Insurance from implementing her plan to rehabilitate a failed Pennsylvania long-term care insurer on...
Auto task force decides not to submit recommendations
The Task Force for Affordable Automobile Insurance Rates met for the second time late last year and voted to not make recommendations to the House and Senate insurance committees as was mandated in the resolution by Sen. Katrina Jackson creating the task force. The...
A cease and desist order issued to Baton Rouge agent
The Louisiana Department of Insurance on Jan. 7 issued a cease and desist order, notice of revocation, and a fine to an East Baton Rouge Parish insurance producer for alleged misappropriation of premium funds. Trampus Scott Wagoner, a property and casualty producer,...
Reality TV isn’t and Management 101 isn’t
By MICHAEL G. MANES Manes and Associates Reality TV isn’t. In your daily reality, have you ever had the chance to choose a mate from dozens of beautiful people and win a million dollars in the process? Have you ever lived on a remote island for weeks for any reason?...
London Market’s Brave New World moves a step forward
London ViewsBy LEN WILKINSLondon CorrespondentThe London market is about to be transformed from a paper-based analog system where information and money flow like concrete to a new digital age where placing, documentation and claims will be processed in seconds. The...
Kaufman: Shortage of insurance talent creates talent war
The insurance world has a talent shortage, and currently there is a talent war going on, Alan Jay Kaufman, president of the Kaufman Group, said when he was interviewed by John Weber for AM Best TV at the WSIA Conference in San Diego on Nov. 18. There is a...
News In Brief
News in Brief
MERGERS/ACQUISITIONS The National Security Group Inc., Elba, Alabama, and VR Insurance Holdings Inc. announced Jan. 26 that they have entered into a definitive merger agreement, under which VR Holdings has agreed to acquire all of the outstanding common shares of...