Yearly Archives: <span>2008</span>

Credit Woes May Cause Turbulence in Catastrophe Markets

Florida, Louisiana and Texas may be most at risk The credit crunch in the U.S. financial markets that boiled over due to the subprime mortgage meltdown may affect the ability of insurers and reinsurers that cover coastal areas to raise …

Insurance Industry Celebrates Women’s Achievements

May 18-24, 2008, marked National Insurance Women’s Week, a celebration recognizing the contributions women are making in all areas of the insurance industry. The National Association of Insurance Women began NAIW Week as National Insurance Women’s Day on May 10, …

Louisiana Train Derailment Highlights Need for Railroad Safety Measures

Lafayette incident notwithstanding, rail accidents down nearly 25 percent nationally More than 3,000 residents of Lafayette, La., were evacuated May 17, 2008, when a train derailed on a bridge, spilling 10,000 gallons of hydrochloric acid. The Associated Press reported that …

People

Specialty Insurance Managers Inc. CEO Frank R. Berry and President Diana G. Berry are retiring. The Austin, Texas-based managing general agency chose to perpetuate by passing the leadership of the firm to Mike Berry, chairman and CEO; Sherri Hendricks, president; …

Here We Go Again

The odd-numbered year scenario could come as close to predicting hurricanes as hurricane forecasting experts have recently. Gulf Coast residents: It’s time to cross your fingers, pull out the old rabbit’s foot, avoid breaking mirrors or walking under ladders, knock …

Allstate: Nearly 40% of Houstonians Won’t Evacuate

Thirty-nine percent of Harris County, Texas, and surrounding area residents won’t evacuate if a major hurricane was heading for Houston if the results from a survey by Allstate Insurance Company hold true. Among those who said they would stay home, …

Inexpensive roof vent could prevent wind damage

Hurricanes often lift the roofs off buildings and expose them to damaging conditions, even after the worst of the wind has passed. Now, a roofer, Virginia Tech architecture and engineering faculty members and a graduate student have devised an inexpensive …

Q&A with Swingle Collins & Associates’ Frank Swingle

Insurance Journal: How did you get started in the insurance business? Frank Swingle: I didn’t have a job. … My girlfriend in college was riding on a plane next to the owner of the agency that I went to work …

Outgoing President Believes Service to IIAT Has Benefitted Him ‘Tremendously’

For outgoing Independent Insurance Agents of Texas President Frank Swingle, serving on the board of the agents’ organization for the past six years has “been tremendously fun and beneficial.” And he plans to keep active in the association even after …

It Figures

$94,614,453.59 Arkansas has racked up nearly $95 million in insured losses from four major storm systems that hit the state so far this year. May 10 storms caused $17,150,530.56 in damages, the Arkansas Insurance Department said. Storms on May 2 …