Interstate Underwriters
3003 Knight Street, Suite 236 - Shreveport, LA 71105 (318) 865-7600
~ Licensed in Louisiana, Texas & Mississippi


Industry Groups Take Issue with House TRIA Bill

Friday, June 20, 2014

Terrorism risk insurance reauthorization legislation being introduced in the House will have a “punitive impact on smaller, regional and niche insurers and their policyholders” if it becomes law, the National Association of Mutual Insurance Companies says. Read More...

Where Commerical-Lines Rates are Headed

Friday, June 13, 2014

Rate increases are expected to continue through 2014, but moderate from the pace seen in 2013, says Moody’s Investors Service based on survey data from its rated issuers. 

The ratings agency, in a Special Comment titled, “U.S. P&C Insurance Survey: Slowing Commercial Rate Increases as Insurers Shift Toward Growth,” notes rates for commercial-liability lines began to rise in late 2010 and 2011 “in response to low investment returns and rising accident-year combined ratios, which hit a high of about 110 in 2010 and 2011 and have proceeded to decline steadily since then.”

Should rates continue to climb through 2014, Moody’s says it would represent the fourth straight full year of rising rates. However, increasing risk appetite in some lines could pressure rates some as insurers fight to retain existing business.

Commercial-liability lines analyzed in the Special Comment include workers’ compensation, commercial general liability, professional liability, commercial auto liability and commercial multiple peril.

Moody’s also looks at commercial property, where continued rate pressure in the reinsurance market is expected to take a toll on primary-market rates in 2014. Read More...

Is your Insured or Child involved in Youth Sports?

Tuesday, May 27, 2014

Why lawsuits, if not the actual risks, in youth sports are growing--and why underwriters should be mindful.

For years, sports camps and athletic organizations have been targets of personal injury lawsuits–and insurance companies are right in the middle of it. Such suits are arguably inevitable due to the inherent risk of injury–sometimes serious injury–from the activities that occur while playing sports; when camps and athletic organizations allow sports that involve bodily contact, running, diving, jumping or sliding, they risk exposure to legal action. 

Insuring camps and athletic organizations has proven to be profitable, but a trend of growing exposure exists for certain sports, including baseball, football, soccer and gymnastics. This trend has insurers on alert, especially with more children engaging in athletics at a much younger age. 

Participants and their families who have brought suit generally claimed that the camp or athletic organization did not properly supervise the participants in an athletic event. As the volume of these lawsuits increases, so too does awareness of the critical role that supervision plays in preventing injuries and in protecting camps and athletic organizations from a potential lawsuit. 

To determine the proper amount of supervision, administrators and risk managers must evaluate a number of factors, including the specific sport involved, the children's ages and size,experience, skill, and conditioning level of the participants. While recognizing these factors remains important, insurance carriers must also acknowledge that the current trend of litigation has gone beyond the mere failure to supervise during athletic events and now targets alleged failures to warn of the risks of the sport and failure to provide proper instructions. Read More...

Commercial Auto Remains Under Pressure

Friday, May 16, 2014
Cited from: Property Casualty 360

The U.S. property and casualty industry reported a significant underwriting gain for 2013 and enjoyed its best year since 2007. But the combined ratio for commercial auto remained over 100 at 106, improving only slightly from 107 in 2012, Fitch Ratings says in a new report. “Commercial auto underwriting losses are a function of multiple years of significant price deterioration prior to 2011, combined with an erosion of underwriting standards to retain business in the economic downturn of 2008-2009,” says Fitch. In addition, insureds are pressured in the current economy, limiting expansion of underwriting exposures for insurers.


What If Your Client Tells You Not to File His Liability Claim?

Thursday, May 01, 2014
Cited from: Insight Analysis

An agency’s insured is facing a liability claim against him. He calls the agency to tell them not to file the claim. Meanwhile, the claimant also calls, instructing the agency to do the opposite. 


Mechanics and Requirements in Effecting Coverage

Monday, April 28, 2014
Cited from: Property Casualty 360

Contractual liability insurance can be defined as coverage for the named insured's liability that is created when it assumes, in an oral or written contract, the financial consequences of another's negligent acts or omissions that results in bodily injury or property damage to a third party. To better understand contractual liability coverage, as provided by a CGL policy, some knowledge of the mechanics is required.

2013 P/C Insurer's Results Show Net Gain - First Since 2007

Tuesday, April 22, 2014
Cited from: Insurance Journal

U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus climbing to 10.3 percent from 6.1 percent.

E&S Market Shows Moderate Growth

Wednesday, April 09, 2014
Cited from: Insurance Journal
The excess and surplus lines insurance industry was in a good place last year, characterized by a stable market and moderate growth, according to one executive who is bullish on the sector.

The Death of Windows XP in agencies

Monday, March 24, 2014
Cited from: Insurance Journal
First, with a lack of updates and fixes, your agency’s computers will no longer be secure. This puts your clients’ data at risk as cyber attackers can target Windows XP vulnerabilities without worry of security updates or patches.

Great article on P/C Industry: Net Income Up 60%

Tuesday, February 11, 2014
Cited from: Insurance Journal
A relatively quiet year for catastrophes helped the U.S. property/casualty industry achieve an underwriting profit for the first time in four years, according to A.M. Best.