This month I attended several conferences, first, the Windstorm Insurance Network Conference in Tampa, at which several well-known and interesting experts were speaking, including Max Mayfield, the veteran director of the Tropical Prediction Center/National Hurricane Center in Miami, and Rep. …
2004 was a landmark year for common sense legal reform in Ohio. The state enacted significant asbestos reform, silica and mixed dust reform, and comprehensive tort reform legislation. The many benefits of these historic laws will be felt by Buckeye …
There are five times in the employer-employee relationship when the company is most vulnerable to a worker’s lawsuit: when a person is hired, promoted, disciplined, fired or affected by a new policy. Both litigation and employee relations problems can be …
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 …
As discussed in part one of this series in the Feb. 7 issue (page 34), fiduciary liability is one of the most misunderstood of management exposures. However, once one grasps the concept of personal liability embedded in the ERISA legislation …
Efforts to extend the federal terrorism insurance backstop, set to expire at the end of the year, face significant hurdles despite widespread belief among carriers that such a program is necessary to prevent massive market dislocation. A recent report by …
Have you heard the story of the shoemaker’s children? Although their father was a shoemaker, they always had the most worn shoes. The reason is their father spent so much time and effort taking care of his customers, he did …
Nuts & Bolts: This new program from ISO includes policy contract forms, underwriting rules, loss costs (projections of future claims) and an advisory application supplemented by an advisory underwriting guide. While some cyber risk protection has been available as subcoverage …
Nuts & Bolts: In conjunction with acquiring the book of business of the American Agency, a specialist in ambulance services, hospital fleets and paramedic-transit operations, THOMCO is offering three new programs: Ambulance Plus, Hospital Fleet Complete and Para-Transit Pro. Coverages …
Nuts & Bolts: Pittsburgh-based National Union Fire Insurance Co. has launched PrivateRisk Protector, a new management and professional liability portfolio of coverages designed to address the broad spectrum of exposures to the financial health of private companies. With PrivateRisk Protector, …
