december 2020
Louisiana Surplus Line Reporter
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Articles
COVID-19 claims reach 220,000 in the U.S.
Despite 220,000 claims filed relative to COVID-19, “we have not scratched the surface of the potential” for claims, Matthew Monson, The Monson Law Firm, told attendees at the second session of the Louisiana Claims Association’s 2020 Virtual Conference held Nov. 18-19....
LaGrange Asher succeeds Harrington as head of TIPOGNO
Liz LaGrange Asher, Eagan Insurance Agency, was installed president of The Insurance Professionals of Greater New Orleans (TIPOGNO) during ceremonies held Dec. 3 at The Pearl Room in Harahan. LaGrange Asher succeeds Chad Harrington, Hull and Company, who remains on...
LIGA expects to spend $7 million more than revenue in 2021
At the Louisiana Insurance Guaranty Association’s Dec. 3 meeting, the board of directors voted to approve LIGA’s budget for 2021. LIGA’s expenditures are expected to be a little more than $7.4 million more than revenue in 2021 according to the budget. LIGA expected...
Election is last WSIA in-person meeting
When Bryan Sanders was elected to serve as WSIA President, during the annual business meeting March 2 at the WSIA Underwriting Summit in Palm Springs, California, he never imagined that it would be the last in-person meeting of 2020, and maybe for his term as...
Are you in the business of risk or the business of insurance — or BOTH?
By MICHAEL G. MANES Manes and Associates From the opening lecture of every semester of Finance 3440 (Risk and Insurance) at LSU in Baton Rouge (1988 – 1998) consider: Risk is uncertainty; uncertainty is the difference between good and bad results; good is your dreams,...
Lloyd’s may be in the midst of a brave new world of profit
By LEN WILKINS London Correspondent In the last few weeks excited young underwriters have been talking about the market turning, older ones talking about realistic commercial insurance rates for the first time in years and everyone hoping for real underwriting profit....
Fraudsters join the insurance Hall of Shame
By JAMES QUIGGLE Coalition Against Insurance Fraud As microbes march across America, the parallel pathogen of insurance crime also continues prowling for victims. Look no farther than the newest avatars of avarice, the Insurance Fraud Hall of Shame. They’re the...
NRA agrees to pay $2.5 million penalty to New York DFS
The National Rifle Association has agreed to pay a $2.5 million penalty to the New York Department of Financial Services (DFS), and the NRA is banned from doing insurance business in New York for five years, according to a press release issued Nov. 18 by Linda A....
CIAB survey: The market continued to harden in Q3
The market continued to harden into the third quarter of 2020, according to results from The Council of Insurance Agents and Brokers quarterly Commercial Property/Casualty Market Index. The CIAB announced the survey results in a news release in November. Respondents...
News In Brief
December 2020
PEOPLE With Christmas in the air, insure.com calculates Santa’s potential annual earnings and finds that for the fifth year in a row, the beloved essential worker earns a well-deserved raise. Research shows Santa could earn more than $157,000 this year, running one of...