The past year has been a difficult one for homeowner’s insurance agents and consumers. Providers have faced spiraling claims costs, while consumers are outraged by rate hikes—leaving agents in the middle to handle the frustration. When the insurance market is …
Like the insurance policy itself, most agents and brokers have been around a while. You’ve seen the agency slogans: “Serving Centerville Since 1902.” But being traditional isn’t good enough. In fact, there’s a downside to all this tradition—industry practices that …
Friday the 13th of September will henceforth be known at Lloyd’s as the day that members approved a plan that will radically alter the way the London market is conducted. Ignoring any bad luck associated with the date, Lloyd’s announced …
The Texas Department of Insurance is launching a new program and Web site, www.helpinsure.com, designed to help consumers find homeowners insurance. Governor Rick Perry directed TDI in August to find new ways for consumers and insurance companies to connect in …
James Webb of Houston was sentenced to 18 months in state jail by the Travis County, Texas, District Court after pleading guilty to charges that he defrauded the workers’ compensation system by collecting workers’ comp benefits for injuries he received …
Louisiana Governor Bob Foster recently asked visitors to the Governor’s Web site to vote on whether the state’s insurance commissioner should be an appointed official or an elected one. Currently the insurance commissioner is elected. According to the New Orleans …
Professional Insurance Agents of Texas, also known as Texas Insurance Professionals (PIA/TIP), named Leicht General Agency the “Managing General Agency of the Year 2001-02,” at the association’s meeting in Houston on September 17. Marshall B. Leicht, Jr. accepted the award …
The Texas Supreme Court denied a motion for rehearing in the case of Downs v. Continental Casualty Co., Cause No. 04-99-00111-CV, letting stand a previous decision in the case, which concerns the timing of a carrier’s notice of intent to …
The Louisiana Insurance Rating Commission approved a 14 percent increase in automobile insurance rates for State Farm Mutual Automobile Insurance Co. and a 19 percent rate hike for State Farm Fire & Casualty Co. The increases were less than originally …
The Texas Department of Insurance (TDI) has cleared the way for insurers to provide expanded homeowners coverage options by approving both the Insurance Services Office Inc.’s (ISO) Homeowners 2000 program and new homeowners, condominium and tenants policies offered by Nationwide …
