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

Mutual Trust & Respect Key to the Latino Insurance Market

In the mainstream population, decisions about which insurance provider or broker to do business with may be influenced by television, radio or the yellow pages phone directory. In the Latino community, people are more likely to turn to friends, relatives …

New Markets

Renters Legal Liability Nuts & Bolts: Lexington Insurance is offering a new market for renters sold directly through insurance agents. The benefits to be paid, subject to the policy’s express provisions and to the extent of the $100,000 policy limits, …

Insurance and the Echoes of History

Dr. Robert Moore, former senior vice president of Alexander & Alexander Services Inc. (now owned by Aon Corporation), and also past president of the National Association of Insurance Brokers, sat down recently with his collaborator, John Bogardus Jr., in a …

News Briefs

UTAH UTAH SUPREME COURT RULES WCF ASSETS NOT OWNED BY STATE: The Utah Supreme Court has declared that Workers Com-pensation Fund’s assets are owned by policyholders, not the state. The ruling in favor of WCF settles long-standing challenges by the …

Writing Wineries Requires More Than Just a Tasting

To be successful, you must thoroughly drink in all the details. Insuring wineries may sound like a lucrative and growing business. All 50 states now produce wine, and the business has a total economic impact of $33 billion, according to …

By Donald J. Hurzeler

Making the Case for Diversity on the ‘Top Deck’ There is still room and a need at the top for improvement. The top deck-the board of directors and the senior leadership team-that is the level that has not yet changed …

Lawyers Plead Guilty in Fraud Ring

Two attorneys pleaded guilty in connection with a Southern California insurance fraud ring that allegedly staged vehicle collisions and filed false insurance company claims, according to state officials. Curtis Mitchell Shaw, 61, of Beverly Hills, Calif., and Keith Darran Washington, …

States Take on Hurricane Relief

The wheels of state governments across the continent are spinning into action to cope with the far-reaching devastation of Hurricane Katrina. Nearly all states are pitching in somehow. At least 40 states are providing military manpower to restore order in …

Calif. State Fund to Disclose Broker Commissions to Policyholders

California’s State Compensa-tion Insurance Fund has announced it will disclose broker commissions on new and renewing business to policyholders. SCIF also said it is revising its base commission structure. Beginning Oct. 1, 2005, insurance quotes and terms letters will display …

States Reopen their Disaster Playbooks in Light of Hurricane Katrina

Mark K. Matthews With the horrors from Hurricane Katrina still flashing on live TV, Connecticut emergency officials and Gov. M. Jodi Rell (R) met recently to decide how to evacuate 100,000 coastal residents if a Category 4 hurricane hit Long …