At its July 8 meeting, the board of directors of Louisiana Citizens Property Insurance Corp. voted to disapprove LCPIC’s 2021 depopulation plan, approve the 2022 assessment rate and approve the 2005 deficit re-certification. During the meeting, LCPIC CEO Richard...
The Florida Office of Insurance Regulation placed Sarasota-based Gulfstream Property and Casualty Insurance Co. under administrative supervision in May after the company failed to meet minimum surplus standards. While the administrative supervision of an insurance...
Workers’ Comp judges’ biases are as likely to determine the outcome of a disputed injury claim as the evidence is, regardless of how solid the evidence that the claimant committed fraud appears to be to the insurer’s attorney. The legal field is not black and white....
By MICHAEL G. MANESManes and Associates Editor’s note: This article was originally written in 2008 when the bottom was falling out of the U.S. economy and the housing market was collapsing. Gravity is a law: It’s not a political philosophy, strategy, tactic, or...
London ViewsBy LEN WILKINSLondon Correspondent It is just July, but Lloyd’s senior management already is thinking about next year. Managing agents are about to prepare their business plans for 2022. At this time, Lloyd’s usually sends a market message to steer them on...
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