At the Sept. 30 meeting of the Louisiana Insurance Guaranty Association (LIGA) board of directors, LIGA Executive Director John Wells, reported that, since the June 24 meeting of the board of directors, there has been a rapid increase in claim activity for LIGA,...
The Department of Housing and Urban Development disproportionately sells homes in flood prone areas, often to unsuspecting buyers, according to a National Public Radio investigation. For example, in Louisiana, about 20 percent of homes sold by HUD were in flood zones....
An investigation of telematics, or usage-based, auto insurance programs by Consumer Reports reveals that auto insurers collect substantial amounts of information to calculate insurance premiums for participants as well as data that may be used for other purposes, the...
The future trend for insurers to worry about is the increasing amount of insured catastrophe losses, according to Robert Hartwig, who is in his sixth year on the faculty of the Darla Moore School of Business at the University of South Carolina. Increasing numbers of...
Conning’s annual study of the property-casualty industry’s loss reserves finds that the overall reserve position at year-end 2020 was healthier than it was at year-end 2019, although there were changes in reserve levels by line of business. “The property-casualty...
The Louisiana Association of Self Insured Employers (LASIE) was founded in 1991 and will be celebrating its 30th anniversary during the LASIE conference in New Orleans, Nov. 3-5. When LASIE was founded, the workers’ compensation market in Louisiana was “completely...
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