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

Western States Rank High in Internet Fraud Complaints

The western states have a high number of online crime complaints per capita, compared to other regions of the country. Alaska, Colorado, Nevada, Oregon, Arizona and Washington ranked among the top 10 for complaints per 100,000 people, according to the …

Arson by the Numbers

There were an estimated 30,500 intentionally set structure fires in the United States in 2008 that resulted in some $866 million in property loss, according to the U.S. Fire Administration (USFA). Intentionally set structure fires also resulted in 315 civilian …

One Down, More to Go for AIG and Cordray

Ohio Attorney General Richard Cordray won a round in early April in his lawsuit alleging insurance companies and brokers conspired to fix commercial casualty insurance prices during a period extending from 2001 to 2004. American International Group Inc. has agreed …

Doing the Right Thing – It’s Complicated

When it comes to doing the right thing, our desires often get in the way. They cause us to veer down a crooked path that leads us away from what we should do to what we want to do. That’s …

Insurer’s Study Shows U.S. Refineries Plagued by Deadly Accidents

On the heels of a Tesoro refinery blast in Washington that killed five people, an insurance company report obtained by The Associated Press noted that U.S. oil refineries have an ongoing problem with accidents that turn deadly, losing four times …

Despite Tough Times, Insurance Industry Employee Benefits Secure

Independent insurance agencies and carriers’ top concerns for 2010 may be profit margins, cash flow, sales volume and marketing, the down economy and the possibility that it might falter again, but that doesn’t mean these companies are decreasing or reducing …

Business Moves

The Hanover, Campania Group Massachusetts-based The Hanover has completed its acquisition of Virginia-based Campania Group, which provides professional and general liability solutions for durable medical equipment suppliers and health care providers, including behavioral health specialists, eldercare providers, and podiatrists. Founded …

Declarations

Big Rig Giveaway “I like Volvos. … I really like the style of the new ones.” —Ron Terrill, a truck driver from Oklahoma, said he entered Cincinnati, Ohio-based Great American Insurance Group’s “Big Rig Giveaway,” for the first time in …

Calif. Proposes Agent/Broker Regs to Alleviate Under-Insurance

To alleviate concerns about homeowner under-insurance, the California Department of Insurance has scheduled a hearing for May 17 in Los Angeles to discuss proposed regulations governing standards and training for estimating replacement value on homeowners’ insurance. According to CDI, the …

Ethics: Don’t Cross Over to the Dark Side of Success

In the insurance industry, producers often are pushed to build customer relationships and bring in new business. Yet “the working environment has become so demanding that employees and managers are being pushed to find the gray areas to increase the …