4 to 5 Risk Management Solutions of Newark, Calif., predicts a storm season similar to 2008 could occur every four to five years on average. Last year’s season, which included nearly 1,700 tornadoes, was the costliest in the past decade, …
Don’t Lose Sight of the Greater Risks We Face No one could fail to have noticed that we are in the grip of a recession. With unemployment affecting 2 million in the United Kingdom, interest rates almost at zero and …
Joseph Tracy was named president of Travelers Inland Marine business unit. Tracy, who joined Travelers in 2006, most recently served as chief underwriting officer for the Inland Marine business unit. He previously was the head of OneBeacon Insurance’s Inland Marine …
The National Insurance Crime Bureau (NICB) reported that 2008 marked the nation’s fifth consecutive year of declining vehicle thefts in the United States. Although most areas experienced a reduction in vehicle theft, there were several noteworthy exceptions in states that …
Financial Investment “The investment in the Hartford is purely financial, not strategic.” —Sabia Schwarzer, a spokeswoman for Allianz of America, commenting on the company’s interest in purchasing Hartford Financial Services Group Inc. The Hartford is trying to sell its property/casualty …
Stop putting passwords on sticky notes, require passwords for desktops and encrypt all backups. Technology is enabling independent insurance agencies to conduct business faster than ever. With the press of the return button on a computer, agencies can launch a …
Nothing Doing “Doing nothing is not an option.” —Texas Sen. Troy Fraser, R-Horseshoe Bay, said efforts to improve the state’s troubled windstorm insurance system are “way off track” in the Texas Senate. Fraser, author of Senate legislation intended to address …
Employee Background Checks Essential Insurance agents can play a big role in helping states to fight insurance fraud. In fact, because they are on the front lines of insurance transactions, agents might see and hear things before the insurance company, …
As America’s economy slogs through this once-in-a-generation recession, stressed-out consumers are literally being driven to desperation. Growing numbers of drivers are illegally dumping their vehicles for insurance money. Blackened hulks are turning up in remote deserts outside of Las Vegas, …
5,500 The Oklahoma Employment Security Commission reported that the Social Security numbers of more than 5,500 people are on a flash memory drive that was lost by an employee who put the information on it after his laptop was infected …
