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

Former Insurance Broker Pleads Guilty

The California Department of Insurance announced that Mark Jerome Gentry of Antioch, Calif., entered a guilty plea on June 23, 2005 to multiple counts of grand theft in the Contra Costa County Superior Court. Gentry was sentenced to three years …

Oilfield Anti-Indemnity Acts and Their Impact on Insurance Coverage: A Comparative Analysis

In the oilfield, operators typically enter into Master Service Agreements with various contractors who supply services and materials needed in connection with the many and varied oilfield operations. The Master Service Agreements usually require the contractor to indemnify the operator …

Catastrophe Models No Substitute for Experienced Underwriters

Managing Editor, Insurance Insider Computer programs designed to predict losses from possible cataclysmic events have been a boon to the insurance industry-the programs have reinforced reinsurers’ loss expectations, given rise to the insurance-linked securities market, and spawned an entirely new …

Is the New “American Dream” Owning a Converted Apartment?

When I first heard from someone I knew that was excited about purchasing an apartment that had been “converted” into a condominium, it really piqued my curiosity. Excited? Purchased? Apartment? Converted?? I needed to look at this situation a little …

Editor’s Note: Doggie Discrimination

There’s a bill circulating around the California legislature that would allow cities and counties to be able to restrict dog breeds deemed “malicious and dangerous,” by requiring owners to spay and neuter their dogs, and prohibit breeding. SB 861, introduced …

No Thanks, I’m Not Interested – A Blessing in Disguise

No thanks, I’m not interested,” is not a phrase that any professional salesperson thinks they want to hear. The fact is, most salespeople assume that if faced with resistance, they must be tenacious and determined and push to make the …

Calabasas, Calif.-based Lionheart Insurance Services has hired Russ McFarren as an excess and surplus broker. He began his insurance career in Ohio and relocated to Los Angeles in 1963 with the Pacific Indemnity Insurance Company. He has also served with …

Negotiating the Highs and Lows in the Oil and Gas Market

Everything’s negotiable. If that’s not the key operational phrase in the oil and gas sector-both in terms of oil and gas production and insuring that risk-then it comes very close. Contracts rule in the oilfield and the insurance agent who …

Is the New “American Dream” Owning a Converted Apartment?

When I first heard from someone I knew that was excited about purchasing an apartment that had been “converted” into a condominium, it really piqued my curiosity. Excited? Purchased? Apartment? Converted?? I needed to look at this situation a little …

The Four C’s of Risk Management for the Oil and Gas Operator

The primary reason lawsuits occur is because the broker/ agent did not fulfill his responsibility of knowing his clients exposures and addressing them properly. In what seems a lifetime of handling risk management and insurance for oil and gas operators …