Monthly Archives: <span>March 2009</span>

Defending Data

Data Security Breaches Present Emerging Risks and Opportunities for Agents Data security represents both a new market opportunity to sell insurance coverage and a new risk — especially for independent insurance agencies that may not be compliant with data security …

It Figures

$1 Billion The effects of the widespread peanut butter recall could cost rural America’s peanut producers $1 billion in lost production and sales, according to testimony at a House subcommittee hearing. That could be just the beginning, the head of …

People

The Insurance Brokers and Agents of the West (IBA West) installed the association’s new officers and directors. The following will serve in 2009: President Richard E. Dinger of Crescenta Valley Insurance, who is the association’s youngest president; President-Elect: Kevin M. …

A Significant, Positive Difference

The economy might be tight now, but that doesn’t mean it’s not a great time to reassure customers that you’re concerned about their welfare. No one will argue that operating an insurance business today is challenging. The recession has put …

Business Moves

CAA, Ed Berrong Insurance Agency, Bridges Group Austin, Texas-based Combined Agents of America LLC (CAA) has expanded outside of Texas with two new members, Ed Berrong Insurance Agency, headquartered in Oklahoma, and Bridges Group Inc., based in Kansas. A family-owned …

Say What You Mean

Agents Should Act With Character and Integrity in Everything That They Do “I meant what I said, and said what I meant …” Although that quote was written in 1954 by Dr. Seuss in his book “Horton Hears a Who,” …

The Nuts of the Peanut Recall Case

The story of the salmonella-tainted peanut products distributed by Peanut Corp. of America (PCA) is one of the highest-profile food recall cases in recent memory, and one that holds a number of interesting side stories for the insurance industry. One …

What’s In a Name?

Or: A Rose by Any Other Name Is Not an Insured Among the issues that plague coverage lawyers is that of a misnamed, unnamed or mischaracterized insured. All too often in insurance policies, corporations are designated as assumed names, partnerships …

People

Luke Proctor has been named president of Signature Select LLC, a new retail insurance subsidiary of Wichita, Kan.-based IMA. Proctor joined The IMA Financial Group in 2003 in the management development program, eventually focusing on strategic planning and special projects. …

Lawmakers Aim to Roll Back Texas’ 2003 Insurance Reforms

Reforms to the Texas insurance regulatory system put in place by Senate Bill 14 in 2003 are under attack by a coalition of state lawmakers who have filed bills to, among other things, return the rate setting process for personal …