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

Recruiters Professional Package

Nuts & Bolts: Indemnity Excess & Surplus Agency is offering a new recruiters professional package specifically designed for permanent employment placement firms with up to $3 million in revenue. Product features include errors and omissions, employment practices liability and business …

Assisted Living, Residential Care and Skilled Nursing Facilities

Nuts & Bolts: Kent Wholesale Insurance Brokers LLC is now offering elder care insurance coverage. This program is designed to provide general liability, professional liability and property coverage for small- to medium-sized adult assisted living, residential care and skilled nursing …

Hospitality and Leisure Companies

Dollars: Provides four levels of limits for each of the following types of coverages: Customer Inconvenience, Employee Dishonesty, Expediting Expense, Extortion Coverage, Food Contamination, Lost Master Key, Spoilage, Trees, Shrubs & Plants, Computer Fraud. Customers may purchase all coverages for …

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 …

PCI: States Need to Take Uniform Approach on Finite Risk Inquiries, Rules

As an increasing number of state regulators conduct inquiries and tighten accounting rules and reporting requirements for finite reinsurance transactions, one P/C trade group is urging regulators to take a consistent approach and avoid creating a crazy-quilt of confusing investigative …

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, …

Rand Study: More than 730,000 People File U.S. Asbestos Injury Claims

More than 730,000 people in the United States filed compensation claims for asbestos-related injuries from the early 1970s through the end of 2002, costing businesses and insurance companies more than $70 billion, the RAND Corporation reported. Claimants have received about …

Former California State Fund President Webb Passes Away

Former State Fund President Jack Webb, one of the most influential and colorful figures in the 91-year history of California’s workers’ compensation insurance system, died May 2, 2005. Webb had been undergoing treatment for lung cancer. A Petaluma, California resident, …

State Laws Vary on Driving Distractions

New Hampshire is the only state that doesn’t require adult motorists to wear seat belts, but it does ticket drivers for eating, drinking, talking on a cell phone or fussing with their makeup while behind the wheel. The state whose …

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,” …