Monthly Archives: <span>March 2005</span>

Property Program for Public Entities

Nuts & Bolts: Victor O. Schinnerer and Co. is offering an admitted property policy for all types of public entities. The policy features a specialized property enhancement for public entities, which provides higher limits for various coverages and causes of …

Habitational Real Estate

Nuts & Bolts: Prism Inc. is offering a new habitational real estate program that covers HOAs, apartments, condos, offices and strip-malls that qualify. Dollars: Limits are $300 million per occurrence, per location. Deductibles range from $5,000 to $10,000 for property, …

Event Cancellation

Nuts & Bolts: Abacus Insurance Brokers has a new event cancellation program that is being distributed online through the APM Platform and is available exclusively to brokers. In real time, brokers can quote and bind online. Coverage is available for …

Targeting Generations X and Y: How to Attract and Retain Young Customers

Are you a baby boomer? Or do you consider yourself a Gen Xer? Or are you a part of the youngest generation, Generation Y? No matter what your age, as an agent or broker, a sure way to grow your …

Ripped from the Headlines: Law and Order in Today’s D&O

News from Worldcom, Enron and Spitzer Invades PLUS Symposium Settlements that reach beyond insurance and into the pockets of firms’ former directors draw attention to the limits of insurance, according to professional liability experts. The real Worldcom and Enron events …

Health-Care Revolution Delivers Opportunities for Surplus Lines Industry

“How long do you plan on living?” asked a wholesale broker at a recent industry meeting. The trends facing every aspect of our health-care system seem daunting at best. Yet, like the wholesale broker who asked this question, most people …

People & Places

Rick Stasi Dublin, Ohio-based Frank Gates Cos. has promoted Rick Stasi to chief operating officer of its alternative-risk division. He will oversee the management, administration, marketing and client services for Frank Gates Alternative Risk programs, which include Atlantic Gateway International …

AG TO MAKE CASE AGAINST AIG IN CLASS ACTION SUIT

Ohio Attorney General Jim Petro announced last month that three of Ohio’s public retirement systems have been appointed lead plaintiff in a securities class action lawsuit against American International Group Inc. that alleges AIG engaged in “bid-rigging” and other fraudulent …

PCI: AUTO BODY SHOP BILL IS ‘ANTI-CONSUMER’

An Illinois bill that would require auto insurers to pay whatever any given body shop demanded for repairs would result in skyrocketing loss costs for insurers and higher premiums for drivers, according to an insurer lobbyist. House Bill 2330 is …

DANIELS TO ATTERHOLT: YOU’RE NOT ‘ACTING’ ANYMORE

Republican Gov. Mitch Daniels has named the acting commissioner of the Indiana Department of Insurance, Jim Atterholt, as commissioner. Atterholt, who has led the insurance department in an acting capacity since Jan. 10, is the new commissioner. Atterholt was a …