Monthly Archives: <span>March 2010</span>

Wal-Mart to Pay $11.7 Million to Settle U.S. Gender Bias Lawsuit

Wal-Mart Stores Inc. will pay more than $11.7 million to settle a gender discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission, the agency said. The lawsuit accused the world’s largest retailer of regularly hiring male workers for warehouse …

AIR Estimates Windstorm Xynthia Insured Losses at $2 to $4.1 Billion

Catastrophe risk modeling firm AIR Worldwide has estimated that insured losses in France, Belgium, Germany, and Netherlands from winter storm Xynthia will be between €1.5 billion and €3 billion [$2 to $4.1 billion]. The storm struck the Atlantic coast of …

I.I.I.’s Hartwig Contrasts Impact of Chilean, Haitian Earthquakes

Why was he death toll over 200,000 when an earthquake struck Haiti, while so far less than 1000 people have died from the one that struck Chile, which was approximately 500 times more powerful? One of the answers lies in …

Chile Steps up Search for Victims in Quake-hit Areas

Chilean rescue crews fanned out with sniffer dogs Wednesday around quake-ravaged cities and villages, some still hoping to find survivors and others to begin the daunting task of recovering the bodies buried under mountains of rubble. Four days after the …

The Importance of Scorekeeping

Most sales teams when confronted with sagging results, realize how essential sales culture is to ones ultimate success. However, defining exactly what is meant by a term as broad and indistinct as “sales culture,” can be more difficult. What’s more, …

ISO Launches Integrated Automobile and Property Data Product

ISO has released a fully integrated automobile and property prefill product. QuickFill delivers any combination of ISO’s 34 automobile and property databases to insurance carriers at the point of quote. Data elements include prior claims and coverage information, registered vehicles, …

Poll: Hand-Held Cell-Phone Use Continues to Rise in Washington

As Washington state legislators consider strengthening cell-phone and texting-related laws, a recent poll by PEMCO Insurance reveals that the number of Washingtonians who admit to illegally using a cell phone without a hands-free device while driving has more than doubled …

Hotel Fire Destroys Entire Block in New Hampshire

A fire that started in an unoccupied oceanfront hotel was fanned by hurricane-force winds and spread to several nearby buildings, engulfing and destroying an entire block of businesses on a stretch of Hampton Beach popular with summer tourists. No injuries …

Peiser Named Chief Operating Officer at RMI Consulting

RMI Consulting, a risk management consulting firm based in Port Washington, New York, has appointed Joseph Peiser as partner and chief operating officer. Peiser will oversee the day-to-day management of RMI Consulting and the firm’s risk purchasing division, RPG Management. …

Social Service Organizations in Tough Economic Times

It’s no secret that nonprofits are feeling the effects of a battered economy. Donations are down. State and federal funding are also down. Insurance providers say they are keeping a close watch on changing exposures in the wake of necessary …