Balanced Budgets
Mineral-rich states such as New Mexico, Alaska and Montana saw revenue growth in the beginning of the recession as a result of high oil prices, but the recent decline in oil prices has affected revenues in these states. Only two …
Uncertainty Pervades the Terrorism Insurance Market
Threats Rise and TRIA Funding Comes Under Attack The threat of terrorism in the United States is rising, but the future of the Terrorism Risk Insurance Act (TRIA) is in question. At a time when top U.S. officials warn of …
Fairfax Financial to Buy Remaining Shares of Zenith National Insurance in $1.4 Billion Deal
Toronto-based Fairfax Financial Holdings Ltd. and Woodland Hills, Calif.-based Zenith National Insurance Corp. have entered into a merger agreement in which Fairfax will acquire all of the outstanding shares of Zenith common stock that it does not currently own, in …
Learning the Lingo
Blogs: A blog is a Web site that contains an online personal journal with reflections, comments and often hyperlinks provided by the writer, known as the blogger. Blogs give voice to an organization, boost search engine optimization and can help …
Seven Steps to Selling Your Business
Owners of small businesses — like many insurance agencies — spend more time working on today’s issues than tomorrow’s potential. This may keep the doors open for now, but what about when they’re ready to retire, or no longer want …
IRS, States Target Employer Abuse of Classification of Independent Contractors
The Internal Revenue Service and 37 states are cracking down on companies that try to trim payroll costs by illegally classifying workers as independent contractors, rather than as full employees, The Associated Press has learned. The practice costs governments billions …
California Proposal To Withhold Independent Contractor Fees on Hold
In February, California legislators considered a proposal that would have mandated a 3 percent withholding of fees paid to independent contractors. But the proposal has since been placed on hold, much to the delight of Insurance Brokers and Agents of …
American Family Insurance Cuts Arizona Auto Rates 5.9%
American Family Mutual Insurance Co. is lowering Arizona auto insurance rates by an average of 5.9 percent starting March 1, saving its Arizona auto insurance customers $13.7 million, the Madison, Wis.-based insurer announced. American Family’s standard auto insurance subsidiary, American …
Okla. to Receive Federal Aid for Ice Storm
The White House has approved Oklahoma Gov. Brad Henry’s request for a major disaster declaration for the Jan. 28 ice storm. Under the declaration issued March 5, 25 counties will receive public assistance for expenses related to response to and …
Who Dat? Inc. Sues NFL Properties, New Orleans Saints, La.
The company that made a 1983 recording of what became one of the New Orleans Saints’ most popular cheers has filed a trademark suit against the state and the team. NFL Properties LLC, which deals with National Football League trademarks, …
