Monthly Archives: <span>February 2006</span>

Seven tips for successful insurance process outsourcing

Outsourcing often receives a bad rap, with large corporations using it to reduce staff count, bureaucracy and overhead. However, for smaller companies, such as small and medium sized insurance agencies, outsourcing can be a valuable, even critical tool to facilitate …

Oklahoma’s legislative session shifts into gear

The bill-filing deadline for the Oklahoma Legislature passed Jan.19, 2006, and the session opens Feb. 6. At the close of the filing process, the state Senate had 1,034 bills and 28 joint resolutions filed, the House filed 1,020 all together. …

Spitzer probe brought bad practices to light, panel says

That the investigation of New York Attorney General Eliot Spitzer into compensation practices of the nation’s insurance brokers and carriers brought to light the unethical behavior of some bad industry apples was a good thing, according to a panel of …

New Markets

Oklahoma Commercial AutoNuts & Bolts: RISC Inc. is rolling out a new commercial auto market in Oklahoma. Coverage highlights include: Service vehicles of all types; waste disposal; salvage and recycling operations; oil lease operators and oilfield contractors; contractors of most …

Baylor University endowed professorship honors Texas agent

Bill Bailey, founder of Bailey Insurance & Financial Services in Waco, Texas, was honored recently with the establishment of the Bill Bailey Endowed Professorship of Insurance & Risk Management in Baylor University’s Hankamer School of Business. On the occasion of …

Insurers seek bond measures for Texas catastrophe fund

Taking a cue from the Scout motto “Be Prepared,” a group of insurers is recommending legislation that would allow for generating funds to help pay for the reconstruction of the Texas coast should a powerful storm like last year’s Hurricane …

Case Law Watch

Oklahoma Savage v. Burton(Okla. App. Nov. 15, 2005) Son-in-law did not qualify as “insured” under mother-in-law’s UM coverage: Defendant shot decedent to death during a road rage incident. The estate of decedent initiated an action against defendant and State Farm …

Young agent tricks and treats

Like many of you, I started my insurance career with an empty desk and a phone. Over the years I have learned some tips or ‘tricks’ I have used effectively to generate sales. Cold calling was the first lesson I …

Court sides with Allstate in Rita evacuee expenses case

A state district judge in Austin, Texas, has ruled Allstate will not have to cover the living expenses of evacuees displaced from their homes by Hurricane Rita if thier homes were not damaged, the Houston Chronicle and the Associated Press …

People & Places

Dianne Morris of Austin, Texas, has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT) for 2006-2007. Morris is president of the Association Casualty Insurance Company. She succeeds as AFACT president, Robert Ramsower, president and …