February 2021
Louisiana Surplus Line Reporter
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Articles
Insurers paid or reserved $7.7 billion
Insurers have paid or reserved $7.7 billion on claims of all types in Louisiana through the end of 2020 from hurricanes Laura, Delta and Zeta, Insurance Commissioner Jim Donelon announced Jan.26. This data represents the first measure of damage from all three...
LCPIC board votes to send residential rate filing to department
The Louisiana Citizens Property Insurance Corp. (LCPIC) board of directors voted at its Jan. 14 meeting to send the proposed 2021 personal lines rate filing to the Louisiana Department of Insurance, seeking the department's approval. In addition, for the third year in...
Big Brothers/Big Sisters sues its insurer
Big Brothers/Big Sisters of Southwest Louisiana filed a lawsuit in federal court in Lake Charles on Jan. 14, against its insurer, AmGUARD Insurance Co., alleging that AmGUARD misrepresented the insurance policy, which effectively impacts BBBS SWLA's ability to serve...
New officers installed to lead PIA of Baton Rouge in 2021
Dan O'Brien, SafePoint Insurance Company, was installed president of PIA of Baton Rouge during the association's installation luncheon held at Oak Lodge in Baton Rouge on Jan. 13. He succeeds Dana Myers, Gulf South Insurance Agency. O'Brien got his start in the...
ULM creates Jeff Albright Insurance Society
The University of Louisiana Monroe Foundation announced the creation of the Jeff Albright Insurance Society to benefit ULM's nationally recognized Risk Management and Insurance program in the College of Business and Social Sciences. The announcement was made Feb. 8 in...
Burns and Wilcox announces promotions in New Orleans
Burns and Wilcox announced Jan. 19 two management promotions for its New Orleans office.Bonnie Steen has been promoted to managing director from vice president, associate managing director; and Cain Webber has been promoted to associate managing director from manager,...
Insurance businessman and Blue Cross rescuer dies at 87
Percy Joseph "P.J." Mills, a former Louisiana legislator, who was instrumental in rescuing Blue Cross Blue Shield when it was financially troubled in the 1990s, died Jan. 16 in New Orleans at the age of 87 after battling Parkinson's and Alzheimer's. Mills was born...
Trump commutes two insurance sentences
Among the pardons and sentence commutations former President Donald J. Trump issued before he left office, one commutation went to a man serving the longest ever prison term for a white collar crime (835 years), and another went to a man who was known as the "King" of...
Insurers lose COVID-19 BI appeal in U.K., Orient Express defense fails
London ViewsBy LEN WILKINSLondon CorrespondentInsurers' appeal to the U.K.'s Supreme Court relative to their refusal to pay nonphysical damages under businesses interruption policies has failed in what has been described as the most important insurance decision in...
Manes recalls early lessons of insurance career
EDITOR'S NOTE: The following column was first published in January 2018 by Insurance Thought Leadership and is reprinted here with permission of the author. By MICHAEL G. MANES Manes and Associates Feb. 14 will be the 45th anniversary of my first employment in the...
News In Brief
News In Brief
PEOPLE USG Insurance Services announced Feb. 3 that Bob Reardon has been named business development manager Southeast. Reardon joined USG in July 2020 as the branch manager of the Alpharetta, Georgia, satellite office. Reardon's background consists of 28 years of...