Monthly Archives: <span>January 2002</span>

HAMMES FEATURED AT IIAT SEMINAR

More than 350 of the state’s most progressive and influential agency principals and managers will gather for the Independent Insurance Agents of Texas’ Joe Vincent Management Seminar on Feb. 3-5 at the Renaissance Austin Hotel. One of the country’s top …

REPUBLIC CONTRIBUTES TO FUND

The Republic group of insurance companies, headquartered in Dallas, presented local Red Cross officials with a check for $118, 826 on Dec. 18. The contribution was the result of fundraising efforts by Republic and more than 500 Republic agents in …

VISTA OPENS TRANSPORATION UNIT

Wholesale insurance broker Vista Insurance Partners launched a new division designed to meet the needs of the transportation and commercial automobile industries. With a special expertise in long haul and intermediate haul trucking, the nationwide division will have brokerage, binding …

An Opportunity to Make it Great

I’m glad its a new year. Of course, the changing of one year’s number to the next is an arbitrary convention, but somehow the simple act of turning of a page on a calendar is exciting; it represents a new …

When Good Employees Go Bad: Crime Insurance for Employee Dishonesty & Fraud

A California man pled guilty to knowingly receiving, possessing and without authorization appropriating stolen trade secret information belonging to his former employer—specifically, customer and order information in databases relating to his employer’s sales. He admitted to having made $300,000 in …

To Sell or Not to Sell,Bank-Owned Insurance Agencies May Be Wave of the Future

As far back as anyone now in the insurance business can remember, agents were fighting against allowing banks to sell insurance. That changed in 1996 when the U.S. Supreme Court decided that national banks selling insurance in small towns were …

World Trade Center Building Lawsuits Multiply

Several new fronts have opened in the ongoing battle over World Trade Center coverage. On Dec. 28, 2001, Silverstein Properties (SP), the master leaseholder, filed a lawsuit against Travelers to recover the losses it insured for both towers. A week …

Evolving HO Policies Prompt Montemayor to Issue Consumer Alert

Homeowners insurance policies in Texas are rapidly evolving. As a result, Texas Insurance Commissioner Jose Montemayor warned the state’s homeowners policyholders to carefully review their policy renewals to understand changes in coverage. Turmoil has been building in the Texas homeowners …

Senate Fails to Act on Federal Terrorism Reinsurance Bill

During the first weeks of December, covering the story of whether or not Congress would pass a federal terrorism reinsurance bill before the end of 2001 was pretty much a waiting game. At the time, most insurance industry representatives involved …

The meter kept running

The Washington State Department of Labor and Industries has ordered a 35-year-old Redmond man to repay $69,196.96 after an investigation revealed he had collected workers’ compensation benefits illegally. Labor and Industries manages the state’s workers’ comp system, providing coverage for …