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

People & Places

Jennifer Fahrenkrug Jennifer Fahrenkrug has been promoted to territory manager at Sheboygan, Wis.-based regional property/casualty insurer ACUITY and will handle the company’s Michigan and Northern Ohio territories. Meanwhile, Kelly Taber has been named commercial lines staff underwriter at the firm’s …

Insurers Dodge $500 Million Fox River Cleanup Tab–For Now

A coalition of carriers that insured Wisconsin’s paper manufacturers have, for now, successfully defeated a legislative effort that would have forced them to pick up the estimated $500 million tab to clean up the polluted Fox River. The insurers, along …

The Trust Factor: Building Relationships With Your Clients

Baffled by the product, overwhelmed by policy verbiage, and totally put off by the adversarial nature of the whole business, consumers nationwide express having serious trust issues with the insurance industry. In “Which profession/Who do you trust?” polls (e.g., Reader’s …

North Dakota Sets Example on Loss-History Databases

Thanks to the leadership of Commissioner Jim Poolman, North Dakota insurance consumers now have common-sense protections against unfair underwriting and rating actions by insurers because of information in loss history databases, such as the Claims Loss Underwriting Exchange and Automated …

What is Finite Risk Reinsurance? A Definitive Explanation

Recent insurance industry investigations have begun to put prior finite reinsurance transactions under a microscope which creates the need to re-examine this reinsurance product, but more importantly determine its role in the future. Just exactly what is finite risk reinsurance? …

New Jersey, Massachusetts Reforms Help Open Up Auto Coverage

Efforts to improve auto insurance markets in New Jersey and Massachusetts, two of the worst states in which to write auto coverage, have yielded several important conclusions. One of the most important is the realization that if insurers can’t use …

Appraisal is Often Best Remedy for Claim Disputes

When Valuation is at Issue, Appraisal Can Save Money and Time As someone who makes his living by representing people who sue each other, it may sound odd for me to say, but it’s true–a lawsuit is not the answer …

Ethics Panel Expands Probe Into Ohio Comp Bureau Investments

Ohio taxpayers may own 3,500 bottles of expensive wine and 265 illegal Cuban cigars found in the cellar of the suburban Denver home of a former employee of coin dealer Tom Noe. Authorities on Friday seized the wine, cigars, hundreds …

Rearview Mirror

There are no second acts in American life,” F. Scott Fitzgerald famously noted. True, he never wrote another novel as wonderful as The Great Gatsby, but generally speaking he was wrong. Second, third and fourth chances are what make this …

Return-to-Work to Become Challenge as Workforce Continues to Mature

The workers’ compensation system must prepare for a big boom in older workers, a population that is less likely than younger workers to return to work after an injury. Workers over the age of 55 are 12 to 35 percent …