The U.S. housing crisis has caused huge loan losses at big lenders but also spawned a slew of class-action lawsuits against them, many alleging noncompliance with consumer disclosure rules. “The compliance issue is a ticking time bomb for some lenders,” …
Systematic Processing Allows Producers to Do What They Do Best … Sell Catherine recently had a total knee replacement by an excellent orthopedic surgeon in Fremont, Calif. Dr. John Dearborn was recommended by two of our clients that have had …
Carrier Appetite Opens the Door to Programs of Almost Any Size, Survey Reports The program market continues to grow and will continue to grow in 2008, as insurance companies focus on core concerns of new business production, premium writing and …
Quake Shatters China’s Sichuan Province; Willis Shows Off New London Headquarters; AIG Wins One, Loses One After five weeks of high level discussions, Australia’s QBE Group withdrew its offer to acquire Insurance Australia Group Limited (IAG), following the decision of …
Catastrophe Modeling Pioneer Clark Analyzes an Industry She Helped Create Karen Clark, former CEO of AIR Worldwide, now heads her own firm Karen Clark & Co. (www.karenclarkandco.comwww.karenclarkandco.com). She made the statement, “garbage in, gospel out,” at the European Insurance Forum …
Feds Focus on Arson, Hurricane Katrina, Corporate Fraud, Premium Diversion and Workers’ Compensation The Federal Bureau of Investigation pursued 529 financial crime cases in its most recent fiscal year, including 209 insurance fraud cases. During the fiscal year 2007, the …
An appeals court in Texas overturned a $7.75 million verdict against Merck & Co involving its withdrawn pain drug Vioxx, May 14, ruling that evidence presented at trial failed to prove the medicine caused the heart attack suffered by the …
Many low- and moderate-income households need more insurance and want to know more about it, according to a recent study by the Federal Reserve Bank of Chicago. Overall, these consumers hold positive views about insurance, and they anticipate using an …
Understanding Prior Acts, Warranty Statements, Pending and Prior Litigation Dates and More Assuming that all employment practices liability insurance policies (EPLI) are created equal could be one of the biggest mistakes agents and brokers make when placing the coverage. In …
It’s Time to Focus Marketing, Upgrade Data, Round Out Business In a recent letter to fellow program administrators, Greg Thompson, CEO of Thompson Insurance Enterprises Inc. and Target Markets Program Administrators Association (TMPAA) president, advised that being ahead of the …
