September 2021
Surplus Line Reporter Texas
We are insurance industry professionals working
and writing about this buisness for over 40 years.
Articles
Cassie Brown appointed Texas Commissioner of Insurance
Cassie Brown was appointed Texas Commissioner of Insurance on Sept. 7, nearly a full year after Commissioner Kent Sullivan’s resignation from the position effective Sept. 30, 2020. Brown’s appointment is for a term set to expire Feb. 1, 2023.Brown has served as...
Steve Sprowls, 71, president of PLUS Inc., dies suddenly
Stephen D. Sprowls, president of PLUS Inc., died suddenly on Aug. 25, while on a brief family vacation in Denver, Colorado. Sprowls spent his entire career in the insurance business, serving the last 31 years as president of PLUS Inc., an Austin-headquartered...
Galveston County president retains gavel for sixth year
Do you know Gigi Heffernan? Then, think Erin Keefe LeBlanc, Heffernan’s daughter, and the opposite is true, or so LeBlanc says. Their main difference is decibel level. Their love for family, friends, co-workers and community and their enthusiasm for their insurance...
Dallas insurance professionals award two college scholarships
On Aug. 12, the Dallas Association of Insurance Professionals awarded two $1,000 scholarships to two Texas college students, Julia Rist, who will attend Texas Women’s University this fall, and Zachary Malcomb, who attends Jacksonville Junior College.The scholarship...
Committee meeting provides forum for Rep. Hunter’s fury
AnalysisWhether or not the TWIA board acted in accordance with legislative intent in proposing a five percent rate increase, the board did act within its mandate and followed explicitly the law in force at the time the board requested the rate increase. The House...
High catastrophe loss trend becomes growing concern
The future trend for insurers to worry about, said Robert Hartwig, is the increasing amount of insured catastrophe losses, with Texas in the bullseye. Increasing numbers of named storms are a challenge, and high populations and developments in harm’s way exacerbate...
ICT panel: Trust the science of a statewide building code
With insured catastrophe losses occurring with greater frequency and rising to higher costs, the Insurance Council of Texas/AFACT Property Casualty Symposium offered insurers insight on what can be done to build a more resilient future. The highly credentialed panel,...
AM Best webinar panel discusses rising litigation trends
At the beginning of August, the Covid-19 pandemic appeared to be winding down, and the economy seemed to be rebounding. At the same time, claims were down in some areas, but there was an uptick in claims in other areas, with social inflation and third party funding of...
Worried? Stressed? Is this the new normal?
By MICHAEL G. MANESManes and AssociatesDoug Talbot was a friend, respected colleague, the father of the Louisiana High Risk Health pool, and by his own definition a “rich, arrogant, a**h***.” Then he was diagnosed with cancer and lost his health insurance and became...
Lloyd’s announces profit of $1.9 billion for first half of 2021 driven by improved underwriting result
London ViewsBy LEN WILKINSLondon CorrespondentAt first sight a profit of $1.9 billion for Lloyd’s for the first half of the year seems great, even with Covid, but in London there is a saying, “Lies, big lies and statistics.” What saved Lloyd’s in the first half was a...
The News In Brief
News in Brief
PEOPLE The Texas Surplus Lines Association tapped Lindsey Burton, Risk Placement Services, and Dylan Brightman, Amwins, as the 2020 and 2021 Jack Claitor Award winners. Both Burton and Brightman received a free registration for themselves and a spouse or guest for the...