On Jan. 8, the Texas Department of Insurance notified the Texas Windstorm Insurance Association that the association’s Dec. 30 rate filing for a five percent increase in both commercial and residential rates was rejected. The basis for the denial was insufficient...
Surplus lines writings of $7.92 billion in Texas for 2020 represent a 13.98 percent increase compared with 2019, making it the highest year of surplus lines premium in Texas history, according to the Surplus Lines Stamping Office of Texas (SLTX). Each month of 2020,...
Starting Jan. 1, the Surplus Lines Stamping Office of Texas required agents and brokers to use new coverage and class codes that would distinguish commercial policies from personal lines policies filed with the agency. According to a Nov. 23 news release, the change...
London ViewsBy LEN WILKINSLondon Correspondent Brokers Guy Carpenter, Willis and Howden have published reports recently on the January renewal season. As expected, rates increased, but insurers and reinsurers unexpectedly imposed restrictions on terms and conditions....
As wearable technology becomes more widely used by consumers to text with friends or measure fitness activity, the devices are becoming more widely used across a wide range of industries to help with workers’ safety and return to work after an injury. Wearable...
By MICHAEL G. MANES Manes and Associates As New Year 2021 follows 2020 (a year like no other), don’t continue to do what you always have done and expect a different result. Remember that is the definition of insanity. 2020 was unbelievable, but we survived by holding...
Recent Comments