Monthly Archives: <span>January 2004</span>

The Rule of 55

When the Rule of 55 was first explained to me in 1981, it didn’t have much impact. In fact, I had never heard of the rule. After all, I was 42 years old and in charge of a rapidly developing …

Building Agency Value Through Perpetuation

Editor’s note: Agency perpetuation, or ownership succession for an agency, seems to be on the minds of many agency owners today. To address issues involved in planning for the transfer of agency ownership, the Independent Insurance Agents of Texas, through …

Earlybird Forecast for 2004

Each year the Insurance Information Institute invites a panel of Wall Street stock analysts and industry professionals to review the prospects for the industry in the current and coming year. The survey reveals that the industry’s unrelenting streak of bad …

Perry Says Reforms are Paving Way for Regulatory Modernization

To start off the new year, Insurance Journal asked Texas Governor Rick Perry to share his views on insurance reforms initiated by the Texas Legislature in 2003, and to comment on issues he believes need to be addressed in the …

Liability for Small to Mid-Size Businesses

Nuts & Bolts: E.L.M. Insurance Brokers Inc. targets small to mid-size businesses with its professional liability suite of products, which includes liability coverage for employment practices, directors and officers, entity (optional) and fiduciary. The preferred classes are business-to-business services, clothing …

Small Business BOP

Nuts & Bolts: Superior Access Insurance Services Inc., has a new Small Business BOP designed especially for office, retail, wholesale, service and high-tech classes of business. Businesses must have less than $5 million in annual revenue for each individual location, …

Trade Show Exhibitors, Concessionaires

Nuts & Bolts: Abacus Insurance also has a market for trade show exhibitors and concessionaires. Brokers quote and bind online in real-time. Coverage lines include general liability and third party property damage. Dollars: Liability limits up to $5 million per …

Special Events

Nuts & Bolts: Abacus Insurance has available a market for over 150 classes of special events. Brokers quote and bind online in real-time. Coverage lines include general liability, liquor liability, rented equipment, non-owned auto and third party property damage. Dollars: …

JOE VINCENT SEMINAR ON HORIZON:

The Independent Insurance Agents of Texas announced that more than 350 of the state’s most progressive and influential agency principals and managers will gather for its Joe Vincent Management Seminar Jan. 25 – 27, 2004, at the Renaissance Austin Hotel. …

LDI EMPLOYEES FACE CHARGES:

The Louisiana Department of Insurance announced that two department employees were arrested for Public Bribery and Conspiracy to Commit Public Bribery. In February 2001 the Louisiana State Police Insurance Fraud Unit received information from the LDI Fraud Unit and the …