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

Job, education underwriting factors under scrutiny in N.J.

New Jersey drivers could see a return to high prices and fewer choices for their insurance if legislators limit the use of occupation and education as rating factors, insurers warned lawmakers at a legislative hearing earlier this month. Senate Bill …

Bonus round

Last November, then-New York Attorney General Eliot Spitzer notified four insurance companies that they could no longer pay contingent commissions to agents and brokers who sell automobile, homeowners and certain other insurance products. The four companies — ACE, AIG, St. …

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, an insurance policy covering weddings. The Wedding Protector Plan provides coverage, with no deductible, for a variety of unfortunate occurrences associated with a wedding event. …

New producer must have ‘skin in the game’ on the first day on the job

In almost every aspect of any business, the best day to do everything is the first day, especially when it comes to a new producer’s first day on the job. In order to make the most of the agency’s investment, …

Fraud Roundup

Immigrant scammed medicare for $1 million in Mo. Case Bradley J. Schlozman, U. S. Attorney for the Western District of Missouri, announced that the owner of a medical supply business was sentenced in federal court for his role in a …

The Commissioners: Tim Wagner

Neb. Director sees industry as leading voice on global warming issue Director of Insurance L. Tim Wagner has spent close to 40 years in the insurance industry, the last nine as the appointed Nebraska regulator. He takes his role seriously …

People and Places

Three members of the Kansas Insurance Department, Ted Clark, Anti-Fraud director, Larry Bruning, chief actuary, and Neil Woerman, director of Information Technology, have been appointed to leadership positions within the National Association of Insurance Commissioners (NAIC). Ted Clark has been …

IDENTITY THEFT ADVICE FROM THE FEDERAL TRADE COMMISSION

Common methods of identity theft: Dumpster diving. Collecting bills and other sources of personal information from trash bins. Skimming. Stealing credit/debit card numbers by using a special storage device when processing your card. Phishing. Pretending to be financial institutions or …

Identity theft: A ‘catch phrase for the new millennium’

Contrary to popular opinion and despite well-publicized security breaches at governmental entities and major corporations, the primary methods of confiscating the information necessary to commit identity theft turn out to be old-fashioned, low tech practices, like dumpster diving, mail fraud …