November 2020

Louisiana Surplus Line Reporter

We are insurance industry professionals working
and writing about this business for over 40 years.

Articles

Attorney indicted in accident scheme

Attorney indicted in accident scheme

In the ongoing probe into staged accidents, the United States Attorney for the Eastern District of Louisiana Peter G. Strasser announced the first indictment of an attorney involved in the staging of accidents in the New Orleans area. Strasser announced the indictment...

LCPIC board votes to approve corporate officers and budget

LCPIC board votes to approve corporate officers and budget

At Louisiana Citizens Property Insurance Corp.'s (LCPIC) Nov. 12 board of directors meeting, the board was updated by management on LCPIC's response to claims from the 2020 storm season, voted unanimously to approve the corporation's officers for 2021, approve the...

Task force looks to lower auto rates

Task force looks to lower auto rates

When the Task Force for Affordable Auto Insurance (TFAAI) met for the first time Sept. 29, members heard from the director of The Louisiana Automobile Theft and Insurance Fraud Prevention Authority, the commissioner of insurance, a representative of the Louisiana...

Hudson to buy Southern Fidelity

Hudson to buy Southern Fidelity

Hudson Structured Capital Management Ltd., doing its (re)insurance business as HSCM Bermuda, announced Nov. 3 that it intends to take a majority ownership of Southern Fidelity Insurance Company and its affiliated entities on or about Nov. 12. In exchange for its...

Stonetrust Commercial Insurance Company moves into new offices

Stonetrust Commercial Insurance Company moves into new offices

Stonetrust recently moved into its new office on the eighth floor of the office building at 5615 Corporate Boulevard in Baton Rouge. Stonetrust started the renovations on the 8th floor in early March before the start of the shut-downs due to COVID-19. The planning for...

Net-Zero Asset Owner Alliance sets portfolio decarbonization goals

Net-Zero Asset Owner Alliance sets portfolio decarbonization goals

Investors in the Net-Zero Asset Owner Alliance, which was convened by the United Nations, announced Oct. 13 its portfolio decarbonization targets for 2025 as part of wider efforts to align their portfolios with the Paris Climate goals, including limiting the global...

Markets harden, it could be a hard winter for brokers

Markets harden, it could be a hard winter for brokers

London Views By LEN WILKINS London Correspondent   London underwriters continue to increase rates and take advantage of a hardening market. Managing agent Hiscox's latest trading statement shows rates accelerating further in the third quarter, with aggregate...

Hartwig: P/C profit not dependent on who’s in the White House

Hartwig: P/C profit not dependent on who’s in the White House

Thirteen days before Election Day, Robert Hartwig, Ph.D., CPCU, addressed the ICT Property and Casualty Symposium, for the first time virtually, even though he has appeared in person at the annual event at least 15 times previously. Hartwig said then that he looked...

Hartwig Q&A

Hartwig Q&A

During Q&A following Robert Hartwig's prepared remarks to the ICT Property and Casualty Insurance Symposium, an industry member posed the question: "In Texas there is a lot of talk about plain language in insurance policies. What are your thoughts? Can plain...

News In Brief

Louisiana News In Brief November 2020

Louisiana News In Brief November 2020

PEOPLE W.R. Berkley Corp. announced Oct. 30 that it has named Thomas Joyce to succeed Thomas Kuzma as president of Nautilus Insurance Group, a Berkley company. Joyce will transition to his new role on Jan. 1, 2021. Kuzma has been named chairman. Joyce joined Nautilus...