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Cat Bond Buyers Listening to Storm Forecasters, Not Buffett

Bond buyers are betting more than ever on the mercy of Mother Nature as they seek to boost yields being suppressed by central banks. Demand for notes linked to insurance against hurricanes and other natural disasters is prompting investors to …

Insurance Capacity for Oil & Gas Is Plentiful but Contract Wording May Be Tricky

The insurance capacity is there to cover the risks associated with the current oil and gas boom in Texas and the nation, experts say, but agents and their customers should be vigilant in their efforts to understand the wording in …

All in the Family: Father and Daughter Honored by Texas Agents

A father/daughter team of insurance professionals recently were awarded two of the highest honors bestowed upon independent agents in Texas at the Independent Insurance Agents of Texas annual conference and trade show in San Antonio. Kelly Surles Lyttle was named …

Florida Judge Approves Deal for Heritage to Assume Sunshine State Policies

A Florida judge has signed-off on a plan by regulators to allow a failed Florida property insurer’s policyholders to be assumed by another company, although policyholders will retain the option to seek coverage elsewhere. Leon County Judge Kevin Carroll on …

Insurer Interest in Offering Health Coverage in Illinois Rises

Illinois officials say they’re seeing strong interest from insurance companies as they prepare for the second year of new coverage options under the nation’s new health care law. The state Department of Insurance said that 10 insurance carriers have submitted …

Tornado Confirmed in Central Texas

Severe weather late on June 12 spawned a Central Texas tornado that damaged several homes and floodwaters that washed away a car and left its driver missing. The National Weather Service says a tornado packing winds of up to 125 …

Missouri Man Pleads Guilty to Arson, Insurance Fraud

A western Missouri man has admitted leading a conspiracy to buy cheap houses and set them on fire to collect nearly $435,000 in insurance benefits. The U.S. Attorney’s office says 27-year-old Joshua Stamps, of Independence, pleaded guilty in federal court …

Louisiana Governor Signs Bill Regulating Insurance ‘Navigators’

Louisiana’s “navigator” organizations that get grants to help consumers enroll in insurance under the federal health care law will have to be licensed by the state. Gov. Bobby Jindal’s office announced June 13 that the governor signed Republican Rep. Kevin …

Brotherhood Mutual Promotes Rowley to Assistant VP

Fort Wayne, Ind.-based Brotherhood Mutual Insurance Co. promoted Sabra Rowley to the position of assistant vice president – affiliate operations. Rowley will oversee all of the management and operations of Brotherhood Mutual’s subsidiaries — the American Church Group agencies and …

All Risks Ltd. Adds 4 in New Orleans Office

Independent property/casualty insurance wholesaler All Risks Ltd. has added Misty Guzman, Matthew Treadway, Jennifer Nagle and Charles Jackson in its New Orleans, La., office. Guzman was hired as sales leader. Having been in leadership roles at CRC/Crump, she will now …

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