January 2021
Louisiana Surplus Line Reporter
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and writing about this business for over 40 years.
Articles
Graham succeeds Lawson as president of PIA of New Orleans
Lyndsey Manalla Graham, Servpro of Metairie, was installed president of PIA of New Orleans Dec. 4 during ceremonies held at Timberlane Country Club in Gretna. She succeeds Brent Lawson, Ross and Yerger Insurance, who remains on the PIA of New Orleans board of...
Insurance committees hear gripes
When the Louisiana House and Senate insurance committees held a joint meeting on Dec. 16, the panel of lawmakers heard complaints relative to the handling of claims after two hurricanes made landfall within six weeks of each other causing devastation in the Lake...
LIGA board updated on new liquidations
When the Louisiana Insurance Guaranty Association (LIGA) board of directors met on Dec. 3, the board approved LIGA's budget for 2021, discussed new liquidations and received an update on claims. The meeting was held at the Louisiana District Attorneys Association's...
Independent agents gain market share
Independent agents continue to hold a large piece of the commercial insurance market, with an 84.5 percent share in 2019, a slight increase from the 84.2 percent in 2018, according to the 2020 Market Share Report, which became available Dec. 17. Captive and direct...
Louisiana AG is among 16 AGs filing friend of court brief in NRA lawsuit
Louisiana Attorney General Jeff Landry is among Republican attorneys general from 16 states who have filed a friend of the court brief supporting the National Rifle Association of America in its federal lawsuit against New York Attorney General Letitia James. The...
U.S. property/casualty rates continue upward trend in 2020
Despite 2020 being one of the strangest years in recent history, the insurance industry continued to function efficiently, with U.S. property and casualty rates continuing their upward movement, according to MarketScout’s quarterly Market Barometer. The fourth quarter...
London market brokers report rate increases, tight terms
London ViewsBy LEN WILKINSLondon CorrespondentBrokers Guy Carpenter, Willis and Howden have published reports recently on the January renewal season. As expected, rates increased, but insurers and reinsurers unexpectedly imposed restrictions on terms and conditions....
Wearable technology helps worker safety, return to work
As wearable technology becomes more widely used by consumers to text with friends or measure fitness activity, the devices are becoming more widely used across a wide range of industries to help with workers’ safety and return to work after an injury. Wearable...
Tomorrow: the ignorance of arrogance and the arrogance of ignorance
By MICHAEL G. MANES Manes and Associates As New Year 2021 follows 2020 (a year like no other), don’t continue to do what you always have done and expect a different result. Remember that is the definition of insanity. 2020 was unbelievable, but we survived by holding...
News In Brief
News in Brief
MERGERS/ACQUISITIONS The board of directors of LUBA Workers’ Comp has approved the acquisition of Florida based FHM Insurance Services. FHM Insurance Company, founded in 1954, provides workers’ compensation coverage through independent agents across seven states,...