Today Louisiana lawmakers are considering legislation that could make a battle between policyholders and Citizens Property Insurance Corp. over more than $100 million moot.
Today Louisiana lawmakers are considering legislation that could make a battle between policyholders and Citizens Property Insurance Corp. over more than $100 million moot.
When comparing small carriers with international giants, one common competitive edge ascribed to the big guys is their advantage in the technology realm: They have the economies of scale to make substantial investments in sophisticated technology, such as advanced predictive-modeling tools.
Recent surveys by state affiliates of the National Association of Professional Insurance Agents (PIA) reveals what agents really think of small/regional insurers.
A catastrophe-laden 2011 and a tornado-filled start to 2012 could have a debilitating impact on smaller carriers, based on the simple premise that they often have a lot smaller of a financial cushionless business from which to draw and pay claims, analysts say.