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

Agents Learn about Opportunities, Challenges at Agribusiness Conference

The Insurance Brokers and Agents of the West (IBA West) and Insurance Skills Center sponsored the 17th Annual Agribusiness Conference held March 17 and 18 in Sacramento. The nation’s largest agricultural conference drew approximately 450 participants from 23 states and …

Agents Cry Foul Over Crop Insurance Premium Discounts

Independent agents are up in arms over the federal government’s decision to expand a pilot program they say threatens to cut them out of the crop insurance loop. The Risk Management Agency (RMA), the U.S. Department of Agriculture organ that …

Insuring the American Dream

Food, clothing and shelter. Economically speaking, those are the bare essentials without which a human being has a tough time existing on this planet. With this edition of Insurance Journal, we focus on insurance issues in relation to the “shelter” …

Agents and Homebuyers Need the Right Clues to Make Smart Decisions

Many recent media accounts would have us believe that prior loss history reports have single-handedly caused an availability crisis and have halted the sale of existing homes. One of the most contentious issues surrounding homeowners insurance this year is insurer …

Legislators Try to Get a CLUE About Loss Reports

Among the many topics addressed by the property/casualty insurance committee of the National Conference of Insurance Legislators (NCOIL) at its Feb. 26-29 meeting in San Antonio was the comprehensive loss underwriting exchange (CLUE) and its use in underwriting homeowners insurance. …

The ‘Red Flag’ That Isn’t There

Starting from an early age, I was always interested in the subject of magic. I would watch the great magicians of the day, read books about Houdini and others, and haunt my local magic shop on Saturday afternoons. It wasn’t …

Progressive Paloverde Resolves Differences With IIABL

Progressive Paloverde, the Progressive Group’s direct distribution company, and Progressive Security, the agent distribution company, are amending their rate filings to resolve the dispute with Independent Insurance Agents and Brokers of Louisiana (IIABL) at the Louisiana Insurance Rating Commission (LIRC). …

Spanish Train Bombings Renew Terrorist Threat

March 11, 2004 now joins Sept. 11, 2001 as dates no one now living will ever forget. The sheer horror of watching the aftermath of 10 separate explosions on the Spanish rail network in Madrid brought home the brutal ferocity …

The Sad Case of the Mad Cow

The discovery in December 2003 of the first known case of bovine spongiform encephalopathy (BSE)—commonly known as mad cow disease—in the United States was a downer, both literally and figuratively. A United States Department of Agriculture veterinarian maintains the animal—discovered …

Manifestation and Reporting of Mold Claims

New mold, even if it “ensues” from an old leak, may be covered. Whether mold is ever covered under a homeowners policy—outside of the promulgated mold endorsements—is still a hotly debated issue. Although the mold crisis in Texas may have …