Graham succeeds Lawson as president of PIA of New Orleans

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

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

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...
Insurance committees hear gripes

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...
U.S. property/casualty rates continue upward trend in 2020

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...