Monthly Archives: <span>February 2008</span>

Declarations

Remaining Confident “We remain confident that there will be a day when medical marijuana patients are not discriminated against in the workplace.” —Safe Access attorney Joe Elford, reacting to a decision by the California Supreme Court that allows employers to …

Insurance Charity to Hold Club100 Dinner, March 6

The Insurance Industry Charitable Foundation, a national not-for-profit organization of insurance agents, brokers, and companies will hold its fourth annual Southern California Club100 Dinner on Thursday, March 6, 2008, at the Getty Center in Los Angeles from 6:30 p.m. to …

Word-of-Mouth Marketing Yields Big Results

New study reveals the value of clients who refer new business is priceless A firm’s most valuable customers are not necessarily those who buy the most. Instead, customers who refer new business can be worth as much as the big …

From Insurance to Candy

For former insurance pro, life really is a box of chocolates Although it’s been many years since See’s Candies President Brad Kinstler was at the helm of an insurance company, and even longer since he was involved in underwriting and …

Nev. Monte Carlo Resort & Casino Fire Losses Could Have Hit $75M, Risk Analysts Say

The fire that blazed through the top of the Monte Carlo Resort & Casino in Las Vegas on Jan. 25, 2008, could have been far more damaging had it started elsewhere in the building and not been contained so quickly, …

Business Moves

Genstar, Confie Seguros, Westline San Francisco-based Genstar Capital LLC, a middle market private equity firm, has partnered with insurance industry executives and Westline Corp. to establish Confie Seguros, a company formed to facilitate the consolidation of insurance brokerages in various …

My New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Nutritional & Dietary Supplements Nuts & Bolts: Travis-Pedersen and Associates Inc. is offering a new …

Fighting Insurance Crime Does Pay

Ronald Evano took great pains to bilk insurers. Literally. The self-described gypsy shook down insurers, restaurants, bars and other businesses along the East Coast by swallowing broken glass and claiming the shards were lodged in food and drink he’d been …

AIG to Pay $12.5M in Settlement with States Over Bid-Rigging Allegations

American International Group Inc. (AIG) confirmed in late January that it had reached settlements with nine states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing and questions about undisclosed contingent commissions paid to brokers. …

Failure to Reimburse Claims Expenses Efficiently Impacts Customer Satisfaction

J.D. Powers’ study says the faster the service the happier the claimant The length of time it takes to repair damages on auto and homeowners insurance claims weighs heavily on customer satisfaction, according to the results of a recent study …