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Hurricane Katrina: The Numbers Tell Their Own Story
In a 25-year span leading up to 2005, homeowners insurers in Louisiana wrote a total of $13 billion in homeowners insurance premium, from which they earned $1 billion in profit, according to the chief actuary at the state insurance department. But …
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California Commissioner Applauds Supreme Court Decision Against Harford
California Insurance Commissioner Dave Jones is praising a recent unanimous California Supreme Court decision that he said ensures policyholders are protected from insurers refusing to cover third-party liability claims when the insured transfers the insurance benefits after the events triggering …
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City Council Makes L.A. Largest U.S. City with Ridesharing at Airport
Uber Technologies Inc. and Lyft Inc. will be able to pick up and drop off passengers at Los Angeles International Airport within weeks, after the City Council made it the largest U.S. city to permit the companies at its airport. …
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JLT Risk Solutions Hires 2 Execs for Credit, Political & Security Risks, M&A Division
JLT Risk Solutions AB, a member of the Jardine Lloyd Thompson Group plc, has appointed Magnus Toftgård and Magnus Lindgren to strengthen the Credit, Political and Security Risks (CPS) and M&A Insurance (M&A) division, based in Stockholm. Magnus Toftgård joins from …
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Palmer & Cay Re-Enters Texas, Taps McClure as President
Independent insurance broker Palmer & Cay has re-formed operations in Dallas, Texas, and named Howard H. McClure III as president of Palmer & Cay of Texas LLC. Georgia-based Palmer & Cay first entered the Texas market in 1999 but the …
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New Jersey Firefighters Urge Lawmakers to Adopt Tougher Fire Codes
Firefighters in New Jersey are calling for tougher fire codes in the wake of a blaze that destroyed 240 units and left about 500 people homeless at an apartment complex in Edgewater, New Jersey. Leaders from several firefighting organizations stood …
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Family of Boy Hit by School Bus Files Claim against Idaho District
The family of a Nampa, Idaho grade school student who was hit by a bus in March has filed a claim against the city and others. The Idaho Press-Tribune reported that the family of 7-year-old Connor Wright filed a tort …
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State Auto Realigns Units, Announces Leadership Hires, Changes
State Auto Financial Corp. today announced changes to the company’s leadership and a redefining of the company’s key business units. The changes were announced by Mike LaRocco, who took over as president and CEO in May. Kim Garland has been …
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Kansas Man Sentenced for Iowa for Insurance Scam
A 38-year-old Kansas man has been sentenced to a year and a day in prison for mail fraud connected to an insurance commissions scam in Iowa. Brian Henton, of Olathe, Kansas, was sentenced last week in U.S. District Court in …
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10 Years Post-Katrina in New Orleans Rises but Gaps Remain
As people search for words to describe New Orleans’ recovery a decade after Hurricane Katrina, they sometimes use words verging on the Biblical — an economic and cultural resurrection, a rising from the ashes. Helped by billions of dollars in …
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