There are a number of things about the insurance industry that drive Lord Levene crazy but nothing more than all the paper. “The paperwork is nuts,” the Lloyd’s of London chairman exclaims. He tells the story of a broker inputting …
California Insurance Commissioner John Garamendi recently announced Department of Insurance-sponsored legislation that will expand the Low Cost Auto Insurance program and the results of an outreach campaign to enroll drivers in the program. The Low Cost Auto program, enacted by …
Year by year, it becomes increasingly challenging to secure appointments with new prospects. Therefore, it also becomes essential that you convert most prospects into sales. Yet studies indicate that even senior agents close only about one-third of their new prospects. …
The Insurance Research Council estimates in a new report that fraud and buildup added between $4.3 and $5.8 billion to auto injury settlements in 2002, which represents between 11 and 15 percent of all dollars paid for private passenger auto …
Analysis from Three Perspectives — Consumer, Employer, and Broker Over the past couple of years, the most used phrase in the employee benefits industry has been Consumer Driven Healthcare. Though its broadest definition may refer to limited employer contribution or …
Standing with survivors of the devastating 2003 Southern California wildfires, California Insurance Commissioner John Garamendi and San Diego County District Attorney Bonnie Dumanis on Jan. 6 announced a $128,707 settlement with a Los Angeles public adjuster stemming from its handling …
Accusing insurers of gouging businesses, a leading Democratic lawmaker announ-ced Jan. 6 that he plans to reintroduce legislation that would regulate workers’ compensation insurance rates. Sen. Richard Alarcon, the chairman of the Senate Labor and Industrial Relations Committee, also said …
The recent winter storms that wreaked havoc over the California landscape have resulted in several deaths, injuries, destroyed homes and property, and over 15,000 insurance claims–prompting Governor Arnold Schwarzenegger to declare a state of emergency in seven counties. The combination …
For nine years, Insurance Journal has published the annual Directory of Excess, Surplus and Specialty Markets. This issue is a resource for independent agents and brokers to help them find the markets they need. The print edition is published twice …
In a collection of works titled The Life of Reason, philosopher George Santayana wrote, “Those who cannot remember the past are condemned to repeat it.” Currently there’s a momentous shift underway in the property and casualty insurance markets; we’re shifting …
