The new president of the Independent Insurance Agents & Brokers of America said he believes the best side of the insurance industry can be displayed in its handling of Hurricane Katrina claims.

"The recent events in Louisiana, Mississippi and Alabama present an incredible opportunity for our industry and our members to show the world that insurance can respond in a fair and rapid manner," said William G. Stiglitz III, IIABA's 101st president.

An account executive with the firm of Hyland, Block & Hyland Inc. in Louisville, Ky., Mr. Stiglitz was sworn in as president of the association Monday night during IIABA's closing session of its annual conference held in New York.

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