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

Market Timing: A Faulty Strategy on Earthquake Coverage

Many Clients Buy Coverage When Earthquake Activity Arises, Then Cancel When It Subsides Ask anyone who has been affected by the recent volatility of the stock market, and they will tell you that it’s almost impossible to time the stock …

It Figures

27 The number of fires within a mile of each other in an Orangeburg County, South Carolina neighborhood that firefighters have battled in the past six months. All of the fires have been in vacant homes without power and almost …

For Award Winning CSR, Going ‘Above and Beyond’ is Part of the Job

What does it take to deliver outstanding customer service? Kimberly J. Muesse, a senior account manager with the Lockton Companies in Houston, should know. She’s won a string of awards during her 25-plus years in the insurance industry, the most …

The Case for Confronting Fear

Study Shows Policyholders Eager to Address Economic Crisis With P/C Agents With the parallels being drawn between the nation’s new Administration and President Franklin D. Roosevelt’s Administration during the 1930s Depression, it makes it even more ironic that results from …

Declarations

Life-Changing Tornado “I had more insurance than I thought I did.” —Bill Lant, owner of Lant’s Country Feed Store in Seneca, Mo., says an EF-4 tornado that swept through Newton County, Mo., on May 10, 2008, changed his life. The …

Firm Charged With Fraud in Indiana Gets Off With Fines, Fees

The owner of a Florida-based repair company accused of faking hail damage to drum up business after a 2006 storm in Indiana agreed to $660 in fines and fees in return for dropped charges, prosecutors say. Indianapolis, Ind., prosecutors dropped …

It Figures

480 Nationwide Mutual Insurance Co., based in Columbus, Ohio, on April 3, 2009, laid off 480 employees and contractors across the country, the latest round of job cuts from the insurance giant, a spokesman said. Nationwide has eliminated about 3,000 …

Judge Blocks Michigan’s Challenge to Insurers’ Use of Credit Scores

Barry County Circuit Judge James Fisher issued an injunction April 10 preventing Michigan insurance regulators from challenging insurers’ home and auto insurance rate filings that use credit scoring in determining their premiums. The injunction against the Office of Financial and …

Agents Sue Brooke Corp.

More than 80 former insurance agents for bankrupt Brooke Corp. have sued the company’s lending arm, accusing it of civil racketeering and fraud. The lawsuit against Overland Park, Kan.-based Aleritas Capital Corp., filed in federal court in Kansas City, Kan., …

People

Mike Grushon of Thomas & Grushon Agency in Bellbrook, Ohio, has been honored by the National Association of Professional Insurance Agents (PIA) as its 2009 PIA National Professional Agent of the Year. Grushon was honored for his contribution to the …