Coastal insureds anxious about flood insurance rates

Coastal insureds anxious about flood insurance rates

Folks in coastal areas around the country, particularly in south Louisiana, are anxious about increases in their NFIP flood insurance rates. They are fearful that astronomical increases, such as one that was $572 when the policy was to incept on Sept. 30 then...
Going forward insurance should take on a new focus

Going forward insurance should take on a new focus

Editor’s Note: The opinions expressed in this column are those of the author and not necessarily those of The Surplus Line Reporter and Insurance News. By ARDIE CESARIO A CBS reporter was speaking with a man in Houma whose home was destroyed by hurricane Ida. The...
FEMA presents webinar on Risk Rating 2.0 to agents

FEMA presents webinar on Risk Rating 2.0 to agents

In an attempt to get flood insurance producers up to speed on Risk Rating 2.0 Equity in Action, the Federal Emergency Management Agency presented a webinar on Nov. 30 targeting insurance professionals. The webinar included information on what led to the transformation...
True leadership is needed now like never before

True leadership is needed now like never before

By MICHAEL G. MANESManes and Associates As I compose this column, the TV is broadcasting the funeral of General Colin Powell. He was a most respected individual who had earned the admiration of most, if not all, Americans. I don’t know, nor do I care, if he was a...
Renewal season delays as losses give support for rate increases

Renewal season delays as losses give support for rate increases

London ViewsBy LEN WILKINSLondon Correspondent As the market plays cat and mouse with this year’s reinsurance renewals delays are occurring. Lloyd’s managing agent Arch reported that reinsurance renewals are significantly behind schedule. Arch believes firms are...