Yearly Archives: <span>2016</span>

Property Claims and Litigation Likely on Texas 2017 Legislative Docket

If a Dec. 1, 2016, hearing is any indication, Texas lawmakers will likely be encouraged in the coming legislative session to take up what the property/casualty insurance industry says is a problematic trend following severe weather-related events in the state: …

Louisiana Citizens’ Policy Count Continues to Decline

The policy count for Louisiana’s property insurer of last resort is set to drop again next year. Louisiana Insurance Commissioner Jim Donelon announced that the total policy count for Louisiana Citizens Property Insurance Corporation (Citizens) will approach 54,500 with the …

People – South Central

State Auto’s Western Region added Bob McCarty as underwriting manager for the Central/South Texas area. He is based in Austin. McCarty has 30 years of insurance and management experience. He began his career in insurance after retiring from the U.S. …

Insurance Industry Sees Challenges with New York City Crawler Crane Requirements

The Department of Buildings of the City of New York’s (DOB) recent move to better regulate crawler crane operations in New York City has led to concern for some in the insurance industry that a stricter regulatory environment could make …

Lawmakers Examining New Jersey Transit Finances, Safety Record

Federal lawmakers have discussed the idea of merging embattled New Jersey Transit with other state agencies to save money to use for road, bridge and rail projects, and heard from experts about safety upgrades following a fatal rail accident in …

People – East

The Hanover Insurance Group Inc., the Worcester, Mass., based holding company for several property and casualty insurance companies, has elected Jane D. Carlin to the company’s board of directors. Carlin is a senior executive with experience in information and cyber …

North Carolina Insurers Want 19.6% Rate Hike for Dwelling Policies

The North Carolina Rate Bureau (NCRB) has requested a 19.6 percent rate increase on all dwelling insurance policies, according to a statement from the North Carolina Department of Insurance. NCDOI announced Dec. 1 it is reviewing NCRB’s Nov. 30 rate …

NFIP Payouts to Matthew Victims Top $162M

The National Flood Insurance Program has paid out more than $162 million to victims in the five-state area hit by Hurricane Matthew–Florida, Georgia, North Carolina, South Carolina and Virginia, the Federal Emergency Management Agency (FEMA) said in a news release …

Florida Ruling Against Insurer in Concurrent Loss Case ‘Not a Surprise’

The Florida Supreme Court has ruled in favor of policyholders seeking coverage on claims where there is the possibility of multiple concurrent losses but at least one of the losses is covered under their policy. Though the decision can have …

People – Southeast

Columbia, S.C.-native Mark Askins, has joined Iroquois South as a regional manager for South Carolina and western North Carolina. Askins spent more than 20 years with The Hartford, most recently as their Richmond, Va., branch manager. Askins began his career …