$109 Million The amount Ernst & Young LLP has agreed to pay to HealthSouth Corp. shareholders who sued the firm for failing to detect an accounting fraud involving more than a dozen executives, according to papers filed in Birmingham federal …
Agents Advised to Know How Workers’ Comp Trusts Differ From Typical Insurance Companies To start off, what exactly is a workers’ compensation group trust? Per the New York State Insurance Department Web site, it is: [A] group of employers who …
As 2008 Hurricane Claims Enter Court and New Season Approaches, Katrina Issues Linger The 2008 hurricane season was the sixth most active tropical storm season recorded since data collection began in 1851. Six storms made U.S. landfall in 2008. They …
Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the change in underwriting and pricing philosophies. No soft market lasts …
A Wake County judge has ordered North Carolina Insurance Commissioner Wayne Goodwin to reconsider deductible and surcharge increases for coastal homeowners in the state insurance pool called the Beach Plan. Wake County Superior Judge William Pittman ruled that Goodwin’s predecessor, …
Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the change in underwriting and pricing philosophies. No soft market lasts …
Remember the good old days when customers knew their bankers and property owners knew who held their mortgages and the economy did just fine? Remember the good old days when banks were in banking and insurance companies were in insurance …
Ed Largent is now chief administrative officer and Stuart Rosenberg is chief technology officer at Westfield Group of Ohio. Largent assumes responsibility for corporate oversight of human resources, information technology, training, and the internal audit department, as well as Westfield …
And Other Lessons from High-Performing Agencies Use your agency management system to the max. Measure your productivity. Communicate consistently and effectively with your staff, customers and carriers. And above all, don’t cheap out on the training. Do those tactics sound …
Japanese Suicide “The first thing that would make me feel a little bit better toward them (is) if they’d follow the Japanese example and come before the American people and take that deep bow and say, I’m sorry, and then …
