April 2022
Louisiana Surplus Line Reporter
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and writing about this business for over 40 years.
Articles
David LeBlanc to lead LSLA
David LeBlanc, Peachtree Special Risk Brokers, Metairie, was installed president of the Louisiana Surplus Line Association (LSLA) at the 2022 Annual Meeting March 16-18. This was the first in-person LSLA meeting since the Covid-19 shutdown.LeBlanc, a broker with...
LIGA has paid out $132 million so far
Louisiana Insurance Guaranty Association (LIGA) Executive Director John Wells updated the LIGA board of directors at its March 31 meeting on the continued effort to pay the claim liabilities from the failed insurance companies that wrote homeowners coverage.With the...
Lighthouse is fourth company placed in receivership
After Lighthouse Property Insurance Corporation announced in February that it would quit writing insurance in Florida and Demotech withdrew the company’s rating, Louisiana Insurance Commissioner Jim Donelon announced April 11 that he had placed the financially...
Donelon fines five insurance companies
Commissioner of Insurance Jim Donelon has proposed fining five homeowners insurance companies a combined $764,750 following targeted market conduct examinations of their insurance activities between Aug. 27, 2020, and June 30, 2021, a period in which hurricanes Laura,...
Department C&Ds two insurance producers for fraud
During March, the Louisiana Department of Insurance issued cease-and-desist orders and license suspensions against two insurance producers for violation of the Louisiana Insurance Code. On March 11, the LDI issued a cease-and-desist order and license suspension to Kim...
Governor’s legislative agenda contains insurance bills
Governor John Bel Edwards introduced his 2022 legislative agenda April 14 in his e-newsletter. Among the bills are several dealing with the business of insurance, several of which are in response to the industry’s handling of claims emanating from the hurricanes of...
Insurance attorney addresses cyber risks and coverages
“If you fail to prepare, prepare to fail.” That is how Fred Karlinsky concluded his presentation on March 7 about cybersecurity insurance at LDI Conference 2022 hosted by the Louisiana Department of Insurance in New Orleans at the Higgins Hotel, part of the World War...
Market Scout: First quarter 2022 rates continue to climb
Rates for almost all homeowners across the U.S. increased in the first quarter of 2022, regardless of the geographic location or value of the home, according to MarketScout’s Market Barometer. For homes below $1,000,000 in value, rate increases of 5.3 percent were...
What if? What now? What next?
By MICHAEL G. MANES Manes and Associates I hope to trigger thinking and dialogue with what follows. This is my opinion. Some will agree. Some will disagree. Some will accept these thoughts, some will challenge them, and some will cherry pick what they like and ignore...
Lloyd’s back in the black with best results in six years
London ViewsBy LEN WILKINSLondon CorrespondentAs predicted, Lloyd’s swung back into the black with an overall profit of almost $3 billion for its 2021 full year, against 2020’s loss of $1.17 billion. The wine bars and pubs around Lime Street have been very, very busy....
Bryan Clark elected to serve WSIA as 2022-23 president
A summer internship at Gorst and Compass between his junior and senior year set in motion Bryan Clark’s career path. In 1997 following graduation from San Diego State University with a B.S. degree in business management, Clark joined the firm as an underwriter...
News In Brief
News In Brief
PEOPLE Amwins Access Insurance Services recently announced the promotions of Darlene Marchand and Jennifer Hisaw. Marchand, a 32-year veteran in the insurance industry, was promoted to executive vice president/branch leader for the Baton Rouge office. She has been...