Don Horner
Aon Risk Services of Oklahoma welcomed Don Horner to its staff as vice president, Health & Welfare Practice leader. He will be responsible for new business production, management of the Tulsa office’s Health & Welfare clients, expansion of product lines …
Nonprofits invite new exposures when they act like for-profits
The risk to nonprofits may actually exceed that facing for-profits because nonprofits may have smaller budgets, less financial and legal help, and undefined employment practices. As they face pressure to do more with less, nonprofit organizations are increasingly modeling some …
AIG’S RECORD SETTLEMENT
NEW HIRE TRAINING Discover the ‘missing ingredient’ ‘VALUED PROPERTY’ COVERAGE La., Miss. statutes to be tested CLOSER LOOK: Nonprofit insurers LOUISIANA’S ROBERT WOOLEY On hurricanes and the state’s insurance future
News Currents
$140 billion federal asbestos fund advances Supporters of federal legislation to create a $140 billion trust fund for victims of asbestos exposure won a critical victory earlier this month when the bill was approved to go the full Senate for …
Fisher convicted on embezzlement, perjury charges
An Oklahoma County jury on Feb. 8, 2006, found former Oklahoma Insurance Commis-sioner Carroll Fisher guilty on one count each of embezzlement and perjury. The 12-member panel, which deliberated about two hours after less than two days of testimony, recommended …
Often overlooked, accurate insurance-to-value should be a priority
There often are not many incentives for agents and brokers to calculate accurate property and business interruption values. When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the …
Editor’s Note: Time for real-time has come
Prompt adoption by agencies of the technology is important because the companies and vendors are closely monitoring agency usage in deciding whether to invest in it further. Imagine going online to receive competing rates for an account from multiple carriers …
Catastrophe funding big on the radar screen for 2006 Some 60 to 70 percent of the estimated $4.7 billion in insured losses caused by Hurricane Rita in September 2005 occurred in Texas. The state experienced 188,000 claims, representing $2.1 billion, …
Agency Advisor
It is context that helps employees think through complex problems in the absence of their seniors. Editor’s note: This is the fourth in a continuing series of articles offering “best practices” suggestions for the hiring process including training in the …
