May 2021

Texas Surplus Line Reporter

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and writing about this business for over 40 years.

Articles

TWIA board studies rating issues in virtual workshop

TWIA board studies rating issues in virtual workshop

Even before the Texas Windstorm Insurance Association’s board and Actuarial and Underwriting Committee met to host an informational workshop on rates, members of the public submitted comments opposed to rate increases, an item that was specifically not on the April 21...

Service is essence of Metroplex president’s commitment

Service is essence of Metroplex president’s commitment

When the Federation of Insurance Women tapped Lisa Hull for its annual Community Service Award during the association’s annual meeting held virtually last October, it honored someone who embraces community service as her hobby. Hull was installed president of the...

FIWT gathers for in-person Mid Year Expo in San Antonio

FIWT gathers for in-person Mid Year Expo in San Antonio

Relieved of his earliest morning slot at the Federation of Insurance Women’s Mid Year Expo, Jim Gavin, information services specialist with IIAT, presented two one-hour classes on Saturday, April 24, on behalf of the Independent Insurance Agents of Texas, one on...

The key differences between leaders and managers

The key differences between leaders and managers

By MICHAEL G. MANES Manes and Associates Editor’s Note: This article first appeared in Insurance Thought Leadership.com May 6, 2019. It is reprinted with permission of the author. The bold and some capitalization for emphasis changes are ours.  About 35 years ago in a...

Reports from Lloyd’s suggest the market is getting better

Reports from Lloyd’s suggest the market is getting better

London ViewsBy LEN WILKINSLondon CorrespondentEnthusiastic reports from Lloyd’s suggest plans for the market are moving ahead, and the future is rosy. This may seem an odd conclusion when the most recently published annual report shows a $1.2 billion loss with a...

Insurers in Washington lose the first round in state court

Insurers in Washington lose the first round in state court

On April 23, district court Judge Mary Sue Wilson ruled against insurers’ petition for a preliminary injunction to hold in abeyance the Washington insurance commissioner’s emergency rule prohibiting the use of credit history when writing personal lines coverages....

Texas deregulates many commercial lines

Texas deregulates many commercial lines

Commercial insurance products moved a giant step closer to deregulation when Gov. Greg Abbott signed SB 1367 into law on May 15. The bill moved through the legislative process with little fanfare and no witness testimony in committee other than favorable testimony on...

MarketScout reports average rates are up

MarketScout reports average rates are up

Policyholders in the U.S. personal lines market experienced a composite average rate increase of 5.6 percent in the first quarter of 2021 as compared to 6.3 percent in the last quarter of 2020. “While rates moderated slightly, the market continues to harden for...

Policyholder lacks the standing to object to settlement

Policyholder lacks the standing to object to settlement

A policyholder does not have standing to object to a $1 million settlement reached by units of American International Group Inc. and Zurich Insurance Group Ltd. in connection with a huge sinkhole in Louisiana, the U.S. 5th Circuit Court of Appeals in New Orleans...

News In Brief

News In Brief

News In Brief

OBITUARY Zelle LLP mourns the death of its founder Lawrence Zelle, 86, who died May 8. A Minnesota attorney, Zelle, a graduate of the University of Minnesota and the U of M Law School, founded the firm in Minneapolis which grew to offices in Atlanta, Boston, Dallas,...