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

Business Moves

ABD to Purchase Lucini/Parish Insurance Greater Bay Bancorp, a $6.9 billion financial services holding company, reported that its subsidiary, ABD Insurance and Financial Services, a provider of global risk management and employee benefits solutions, has signed a definitive agreement to …

Study: Few Americans Maintain Healthy Lifestyle

A study by a Michigan State University epidemiologist finds that very few Americans are doing all they can to maintain a healthy life, a situation he said could have dire consequences if it doesn’t change. The research of Mathew Reeves, …

Adjuster, Accomplices Arrested for Fraud

A Fullerton insurance claims adjuster and two accomplices were arrested April 8 by California Department of Insurance fraud investigators for their alleged participation in an auto insurance fraud scheme. According to investigators, Leonardo Davinci Hines was employed by Robert Moreno …

Editor’s Note: Get with the Programs

If Insurance Journal readers have one consistent request it is for more information about available markets. No matter their agency size, history, politics or niche, readers like knowing about new opportunities for their own businesses, as well as about what …

PEMCO’s Northwest Insurance Poll Notes Trends in Cell Phone Usage

According to PEMCO’s 2005 Northwest Insurance Poll, four out of five Washington drivers believe that talking on cell phones while driving should be legal only with hands-free devices, or made illegal altogether, but changes to state law won’t likely happen …

Hawaii Faces Doctor Shortage Due to Rising Med-Mal Premiums

Hawaii faces doctor shortages in at least two fields, obstetrics and orthopedics, because fears of lawsuits and the rising cost of medical malpractice insurance premiums are forcing some to quit. Premiums for physicians who specialize in obstetrics-gynecology are high because …

Tougher Laws Key to Fight Against Insurance Fraud

How do you convince overworked state prosecutors to chase down often stale-sounding insurance swindles when their case files already are bulging with high-profile crimes such as drugs, robbery and murder? Insurance-fraud laws are great motivators: State prosecutors can convict con …

Educator Sees Communication as Key to Successful Family-Owned Business

Over time, as the family grows in size, member interests, goals and values become increasingly different,” Craig E. Aronoff, Ph.D. told an audience of family-owned and operated agencies during two presentations on “The Family Challenge” and “Ownership and Fin-ancial Challenges,” …

Crisis in Medical Professional Liability Diminished, PLUS Panelists Say

States with meaningful tort reform are seeing stabilization in the medical professional liability arena from three years ago. Despite the decrease in claims frequency, however, severity persists and insurers must maintain adequate pricing and reserves going forward, panelists told the …

ACT! Now to Improve Sales – Contact Management for the Modern Agent

During the summer of 2004, ISU Curry Insurance, a commercial insurance brokerage, was looking for a way to keep track of its 6,000 contacts. The answer came with the introduction to an Act! consultant who unleashed the power from within …