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

Editor’s Note: Get connected

Insurance is a business that is grounded in connections — with clients and with technology. To transact business successfully, independent agents need to develop relationships with their customers and create client loyalty. And equally important, agents need to be intimate …

Figures

50% Under rules in place at Arkansas-based retailing giant Wal-Mart, panels that screen applicants for driver positions should be racially diverse by at least 50 percent. However, the Associated Press reported that a judge in Little Rock found that none …

Tough products don’t need to be an underwriting challenge

Skis, ladders, pacemakers and nutraceuticals may be different products at first glance, but all share challenges in finding coverage. According to Nan Meyer, product manager for Shand-Morahan, and David Rosenburg, wholesale broker with CRC Insurance Services Inc., who recently discussed …

People

National Insurance Partners Inc. (NIP), a Texas-based risk management and financial solutions firm, has appointed William E. Harrison, Jr. as president. Harrison brings 16 years of experience in the insurance industry to his position. He served as president of Coleman …

Oklahoma trails nation in funding for uninsured

Despite its high percentage of uninsured residents, Oklahoma trails 48 other states in garnering its share of federal funding to provide health care for those without insurance, according to state officials. Oklahoma has 11 federally qualified health centers, or FQHCs, …

My New Markets

Outbreak Extra Expense Nuts & Bolts: American Underwriting Managers is now offering a product designed to provide businesses with insurance coverage in the event that their business operations are suspended by a public health official due to a covered contagion …

Republic CEO: P/C mergers and acquisitions likely to ‘skyrocket’

The statutory surplus for property and casualty insurers is at a record $488 billion, according to the CEO of one Dallas-based regional insurer, and they are going to be looking for somewhere to put that cash to work. Mergers and …

Declarations

Declarations If they can do it “Forty-nine other states feel comfortable with their departments of insurance regulating ratemaking.” — Louisiana Sen. Julie Quinn, R-Metairie. The Senate passed a Quinn-sponsored bill that would eliminate the Louisiana Insurance Rating Commission and transfer …

Hurricane forecasters agree: busy season ahead

Weather forecasters differ somewhat in their methodologies and numbers but appear to agree on one matter: the 2007 hurricane season looks to be a busy one along the Atlantic and Gulf coasts. They predict that anywhere from seven to 10 …

Business Moves

Titan, Eastwood THI Holdings (Delaware) Inc., a Nationwide company, through one of its agency subsidiaries, has acquired the assets of Anaheim Hills, Calif.-based Eastwood Insurance Services Inc. for $217 million. Eastwood Insurance operates 47 multi-line agencies in California, Texas, Florida, …