Property market on the verge of going to hell

Property market on the verge of going to hell

Louisiana’s property market appears to be on the verge of going to hell in a hand basket. After two back-to-back disastrous hurricane seasons, many agents are worried and frightened, searching in vain for markets to place property risks. Compounding their problems...
LCPIC to purchase $1.2 billion in reinsurance

LCPIC to purchase $1.2 billion in reinsurance

After two devastating hurricane seasons, property insurance companies pulling out of the state, and several other property insurance companies being shut down, Louisiana Citizens Property Insurance Corp. (LCPIC) management told the board of directors at the March 10...
A look back, then forward

A look back, then forward

“Different isn’t always better, but better is always different.” — Dale Dauten Feb. 14 was the 49th anniversary of my first employment in the insurance industry. I’ve enjoyed the ride. “Different isn’t always better, but better is always different.”...
Lloyd’s and the London market impose sanctions for invasion

Lloyd’s and the London market impose sanctions for invasion

London ViewsBy LEN WILKINSLondon Correspondent Responding to instructions from the U.K. government, Lloyd’s and the London market imposed sanctions on Russian interests. Aircraft and ships aren’t allowed to land or dock, and insurance of risks, including areas of...
WSIA elects officers and presents awards in Orlando

WSIA elects officers and presents awards in Orlando

When the Wholesale and Specialty Insurance Association met in Orlando March 14 for its annual business meeting, the association elected new officers and directors and presented four awards for exceptional service. Bryan Clark, president of Gorst and Compass Insurance,...
Eric Vocke will lead Young Insurance Professionals

Eric Vocke will lead Young Insurance Professionals

The new president of the Young Insurance Professionals got into the insurance business a little more than 15 years ago because of Hurricane Katrina. At the time Hurricane Katrina came ashore, Eric Vocke was working as a sales representative for a company that sold...