january 2022
Louisiana Surplus Line Reporter
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and writing about this business for over 40 years.
Articles
LIGA budgets for $200 million in assessments
When the Louisiana Insurance Guaranty Association (LIGA) board of directors met on Nov. 30, the board voted to assess Louisiana insurance companies for 2021 and 2022 and also approved LIGA’s budget for 2022 that includes $200 million in assessments.LIGA has budgeted...
More results from Operation Sideswipe
The United States Attorney for the Eastern District of Louisiana Duane A. Evans continues his crusade against the staged accident ring in the New Orleans area through Operation Sideswipe. In the last six months, he has announced the indictment of seven more...
Mouton takes over as president of PIA of Acadiana chapter
Krystal Mouton, the general manager/producer at Core Insurance Solutions, was installed president of PIA of Acadiana during ceremonies held Dec. 14 at Nash’s Restaurant in Broussard.Mouton succeeds Lauri Beth Stough, an operations and production assistant with Howard...
Moragas to lead PIA chapter
David Moragas, a director at Galloway, Johnson, Tompkins, Burr and Smith, was installed president of the Northshore Chapter of PIA during a lunch meeting held Jan. 12 at Keith Young’s Steak House. Moragas succeeds Stephanie Plescia, Plescia Insurance Agency, who...
Farley installed president of PIA of New Orleans chapter
Nicholas A. “Nick” Farley, Ann Sagona Insurance Agency, was installed president of PIA of New Orleans Dec. 10 during ceremonies held at The Crossing in Kenner. He succeeds Lyndsey Manalla Graham, Servpro of Metairie, who remains on the board of directors as the...
Lighthouse gets an infusion of $65 million in capital
Tampa-based Lighthouse Management LLC announced Dec. 28 that it has completed a $65 million senior note issuance in a private placement.The capital from this transaction will be used to refinance existing debt at the managing general agent; infuse growth capital into...
Premium finance rep takes reins of PIA of Baton Rouge
Andrew Strohm, Agile Premium Finance, was installed president of PIA of Baton Rouge during the association’s installation dinner held at Oak Lodge in Baton Rouge on Dec. 2. He succeeds Dan O’Brien, SafePoint Insurance Company.Strohm, a 15-year veteran of the insurance...
SafePoint to take over homeowners policies
The 19th Judicial District Court in Baton Rouge has approved SafePoint Insurance Co.’s takeover of approximately 30,000 homeowners policies from two insolvent insurers, Access Home Insurance Co. and State National Fire Insurance Co., Insurance Commissioner Jim Donelon...
Division of Administrative Law rules in favor of Donelon
The Louisiana Division of Administrative Law (DAL) on Jan. 3 ruled that Insurance Commissioner Jim Donelon was justified in his decision to prevent State Farm Fire and Casualty Company from enforcing a hurricane deductible for certain losses caused by Hurricane Barry...
Proposed legislation makes staging accidents a crime
In December, Louisiana Rep. Garret Graves, a Baton Rouge Republican, introduced legislation that would make staging vehicle collisions and fraudulently claiming financial damages a federal crime. If passed, Graves anticipates the legislation would lower insurance...
Price improvement brings renewal season joy for London
London ViewsBy LEN WILKINSLondon CorrespondentAs usual, at the end of the renewal season the major brokers produced detailed year-end reinsurance renewal reports, and underwriters will be purring as they read about the continuing improvements in the price and...
A Real Checklist for Real Disasters
By MICHAEL G. MANES Manes and Associates Editor’s Note: The following is a message our readers have received from Mike Manes before. Not a copy and paste, but a reiterated message especially important now as disasters occur around us. Disasters happen… and not always...
News In Brief
News in Brief
PEOPLE USG Insurance Services Inc. announced Jan. 4 the promotion of Ron Capo to producer/broker commercial lines in Covington. Capo has been with USG since November 2019 as an associate producer/broker. In his new position, Capo will continue building his book of...