Monthly Archives: <span>March 2007</span>

RISK MANAGEMENT A HIGHER PRIORITY FOR GOVERNMENT ENTITIES

Fairfax, Va.-based Public Entity Risk Institute (PERI), a nonprofit risk management training and educational organization, says that risk management operations within government entities have gained a heightened importance according to its survey on Cost of Risk, published last year. The …

Coverage or price? Package or mono-line?

Weighing the options on purchasing public officials’ and educators’ professional liability It’s an age-old insurance question, whether talking property, casualty, auto or professional liability. As a buyer, how much coverage can you afford to live without in order to get …

More than half of adults could be in need of disability coverage

Most Americans are not prepared to deal with the possibility of becoming disabled and, in turn, unable to work, according to new research by the National Association of Insurance Commissioners (NAIC). More than half (56 percent) of U.S. adults say …

Industry gears up for more federal terrorism insurance debates

Advocates say the coverage still vital to national security and a long-term solution is needed Insurance industry advocates urged Congress yet again to continue with a federal government role in terrorism risk insurance and to examine long-term solutions before the …

Prospecting in the 21st Century: Using the Internet to find prospects

Former agent and technology guru provides tips on working the Web Technology expert Steve Anderson of The Anderson Network Inc., a licensed independent agent for the last 25 years, began his presentation to the Independent Insurance Agents of Texas conference …

Insurance Journal’s Exclusive Agency Salary Survey

More independent insurance agencies gave salary increases in 2006 than in 2005, but still nearly half of all agency salaries nationwide stayed right where they were compared to 2005. On the other hand, producer commission rates in 2006 soared above …

The impact of contingent commissions on independent agencies

How much do independent agencies rely on contingency income and could they survive without it? Debate continues in the insurance industry regarding the future of contingent income. Any drastic changes in the current compensation structure would have far-reaching effects throughout …

Keep alive the dialogue and the 7 standards of ethical conduct

The CPCU Society and American Institute for CPCU/Insurance Institute of America designate March as “Ethics Awareness Month.” Some people have a hard time defining ethics but ethics are really principles, right? I think we often get caught up in the …

My New Markets

Wedding Insurance Nuts & Bolts: Travelers recently announced the launch of the Wedding Protector Plan, which provides coverage, with no deductible, for a variety of unfortunate occurrences associated with a wedding event. For example, coverage is provided if a hurricane …

N.Y. Gov. Spitzer, labor, business reach workers’ comp reform accord

But workers’ comp insurers are nervous that cost savings promised by the reforms’ supporters may not materialize New York Governor Eliot Spitzer and legislative leaders have reached an agreement to reform the state’s workers’ compensation system that has the backing …