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

Generation X and Y Adults Reportedly More Willing to Obtain Insurance from Resources Besides Agents

Vertis (www.vertisinc.com), a provider of targeted advertising, media and marketing services, announced the results of its Customer Focus 2004: Insurance study, which reportedly reveals that some consumer audiences are willing to purchase dental, health and life insurance through resources other …

Bauer Investigation to Provide Workers’ Comp Fraud Surveillance Videos on GMA

Bauer Investigation has been selected over other investigative firms nationwide to provide surveillance video to Good Morning America the morning of Wednesday, Feb. 25. The ABC morning news program is broadcasting a report on the high incidence of fraud in …

PIRRGA Obtains Regulatory Approval to Underwrite Med-Mal Insurance in Florida

Pediatricians Insurance Risk Retention Group of America (PIRRGA), a physician-owned and governed medical malpractice insurance company, has received notification of registration from the Florida Office of Insurance Regulation to begin underwriting medical malpractice insurance. The company, legally domiciled and licensed …

ProAssurance Reports Q4 and Year-End 2003 Results

Alabama-based ProAssurance Corporation reported Net Income of $38.7 million, or $1.33 per diluted share, for 2003, more than triple 2002’s Net Income of $12.2 million. Net Income for the fourth quarter of 2003 was $13.8 million, or $0.47 per diluted …

Builders’ Risk Market

Nuts & Bolts: International E&S Insurance Brokers Inc. is offering a market for Builders’ Risk. Coverage includes all risks of direct physical loss or damage, including earthquake and flood. All types of construction are eligible, including wood frame. Dollars: Policy …

Media Liability

Nuts & Bolts: Euclid Managers LLC is offering a market for media liability. Coverage is for small and mid-sized media risk companies. These products are customizable featuring the option to add additional covered services directly on the policy forms. Coverage …

General Liability

Nuts & Bolts: Access E&S Insurance Services, based in La Mesa, Calif., is offering a new general liability market for companies renting bouncers, jumps, slides or dunk tanks. Dollars: Minimum premiums—$2,250, based on gross annual sales. No A/I charge for …

Workers Aren’t the Only Comp Cheats

Detection by front-line insurance company personnel … is often the first line of defense against workers’ comp fraud. Within the insurance industry—and even outside it—workers’ compensation fraud is typically associated with malingering employees who fake an injury in order to …

When is ‘Enough’ Insurance Enough’ A Practical Approach for Brokers

There is a way to give your client some idea of the potential liability risk that he or she is taking on. A firestorm destroys a subdivision. A neighbor’s child accidentally drowns in an uncovered swimming pool. A family’s breadwinner …

More than Evergreens, Apples, Mt. St. Helens and Starbucks

The United States Census Bureau’s Census 2000 estimated the population of the State of Washington at 5,894,121. Approximately 87 percent of the adult residents had graduated from high school and about 28 percent had earned a bachelor’s degree or higher. …