Monthly Archives: <span>January 2003</span>

Commissioner Montemayor Looking at Another Term

Texas Gov. Rick Perry announced he will reappoint Jose Montemayor to a new two-year term as the state’s Commissioner of Insurance. Montemayor has served as commissioner since 1999, overseeing the Texas Department of Insurance (TDI), which regulates the insurance industry …

InVEST’s Borger Garners Rudy Award from SAFECO

InVEST, a business-education partnership training high school and community college students in insurance agency and company operations and preparing them for careers in the industry, announced its own JaneMarie “Jaimee” Borger, who serves as InVEST’s director of curriculum and program …

Century Group Names Trio of Executives to Sr. Mangement Team

Ohio-based Century Insurance Group appointed three executives to its senior management team. The individuals include Charles Hamm, senior vice president and director; Steven Young, senior vice president; and Carol Blaine, assistant vice president of corporate services. “Century is identifying and …

AAI Disappointed with U.S. Supreme Court Ruling on Asbestos Liability Claims

The Alliance of American Insurers (AAI) says it is disappointed with Monday’s decision by the U.S. Supreme Court to reject an appeal that would have consolidated tens of thousands of asbestos liability claims into federal court (In re Federal-Mogul Global, …

AIA Pleased with U.S. Supreme Court Decision Regarding Holocaust-era Policies

The American Insurance Association (AIA) issued the following statement by Stephen J. Zielezienski, AIA assistant general counsel, responding to the recent decision by the U.S. Supreme Court to accept AIA’s petition and hear the case of American Insurance Association v. …

Great American Co. Appoints Peraino Senior VP

Cincinnati-based Great American Insurance Company promoted Vito Peraino to senior vice president. Peraino is responsible for overall Claims Strategy and Oversight for Great American’s specialty commercial operations. Peraino joined Great American in 1999 as a vice president responsible for the …

New Year…New Fraud Scams…New Fraud Solutions

Most people wake up on New Year’s Day and make a resolution: lose weight, exercise more, spend more time doing the things you enjoy. The National Insurance Crime Bureau (NICB) woke up on New Year’s Day 2003 with the same …

Loss in Progress, or Just an Accident Waiting to Happen’

While a number of significant insurance decisions, in Texas and nationwide, have commanded recent attention, there are also some lesser acclaimed opinions worthy of note. In particular, Texas courts continue to grapple with the fortuity doctrine and its application to …

Be Successful by Modeling Success

One key element that differentiates humans from other animals is our ability to copy traits and skills from each other. Most animals are born with instinct that provides them with many of the skills that they need to survive. Humans—on …

The Game of Profit & Cash® Teaches Employees Financial Basics

As an agent, broker, or company employee, have you ever wondered how your sales contribute to the big picture—that is, your company’s balance sheet and quarterly financial results? Maybe you are an owner who wishes he/she could help employees better …