A fourth generation agent, Ryan Page, Page and Sons Insurance Agency, was installed president of the Young Insurance Professionals Feb. 5 at a ceremony held during the YIPs Annual Winter Conference at the Hilton Baton Rouge Capitol Center. Page succeeds Jessica...

Shay Robinson, UPC Insurance Company, was installed president of The 1752 Club during a virtual meeting held Feb. 25. She succeeds Lyndsey Manalla Graham, Servpro of Metairie, who remains on The 1752 Club’s board of directors.Robinson has more than 17 and one-half...

At the March 11 meeting, of the Louisiana Citizens Property Insurance Corp. (LCPIC) board of directors, the board voted on the CAT Vendor RFP, the renewal of the $50 million line of credit, the 2020 year-end financials, and the filing of those financials with the...

Insurance Commissioner Jim Donelon has approved rate and form filings for Farmers Insurance, the nation’s ninth largest property and casualty insurer, to return to the Louisiana market this month with auto, homeowners, condo and renters insurance. Donelon announced...

Insurance Commissioner Jim Donelon announced March 2 that he has issued Bulletin 2021-03 reminding insurers of their obligations to policyholders as they work with consumers affected by the devastating 2020 hurricane season and impacted by the extreme winter weather...

When the Task Force on Affordable Automobile Insurance met on Feb. 23, members of the committee heard from an attorney and an orthopedic surgeon who offered what they thought would be a “realistic target” for tort reform that the task force should consider when it...

Many factors that insurers encountered in 2020 likely will continue to impact the financial performance of the U.S. property/casualty (P/C) industry in 2021, with last year’s results reflecting a still-firm commercial lines pricing environment and higher-than-average...

AM Best has revised its market segment outlook on the U.S. E&S industry to stable from negative due to its ongoing ability to successfully navigate the COVID-19 pandemic. The Best’s Market Segment Report, “Market Segment Outlook: U.S. Excess & Surplus Lines,”...

Profitability metrics in the U.S. private passenger auto insurance segment showed notable improvement through third-quarter 2020 over the prior-year period, even though premium volume during the timeframe declined, according to a new AM Best report released March 4....

While other rating agencies continue to rate the global reinsurance market’s outlook as negative, at the end of 2018, AM Best changed its view of the reinsurance market segment to stable from the negative outlook it had held between 2014 and 2018. As Best sees it,...

The National Association of Professional Insurance Agents (PIA) trumpeted the reintroduction of S. 524, the Federal Insurance Office Abolishment Act. Previously introduced in the 116th Congress, the bill was reintroduced by Sen. Ted Cruz, R-Texas. The FIO was...

Orleans Parish Judge Paulette Irons dismissed the complaint from the owners of the Oceana Grill in New Orleans. The owners of the French Quarter restaurant, Cajun Conti LLC, were seeking millions in business interruption coverage from underwriters at Lloyd’s after...