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

Oklahoma Seeks Receivership of Imperial Casualty and Indemnity

Oklahoma insurance regulators have moved to seize a workers’ compensation insurer they say is insolvent and whose owners are being accused of deceptive financial transactions involving another recently-liquidated insurer. The Oklahoma Insurance Department on March 18 filed a receivership request …

Private Company Directors and Officers Coverage

Should It Be First on Your List Rather Than Last? But we are a private company,” is a typical response when trying to open a conversation about directors and officers (D&O) liability coverage with a prospect or client. It is …

When a House Is a Home… and a Museum

How One Insurance Agency Is Helping to Preserve Historic Homes and Businesses While other insurance agents are visiting manufacturing plants, shopping malls and office parks, Brian Phoebus hangs out in historic homes, renovated museums, art galleries and performing arts theaters. …

Real World Smart

Madison Area Technical College’s motto is “Real world smart.” The goal of the Insurance Certificate Program is to serve as a gateway to insurance careers and to provide the industry a well-trained talent pool for entry-level staff. The Insurance Certificate …

New Hampshire Fire Damage Pegged at $9.5M

An investigator looking at a massive fire in February that destroyed a block of buildings along New Hampshire’s Hampton Beach estimates the damage to be at least $9.5 million. Hampton Fire Prevention Officer Jon True said that number takes into …

People

Novato, Calif.-based Fireman’s Fund Insurance Co. named David Zona senior vice president of product management in commercial insurance. He will be responsible for setting direction and priorities for various commercial insurance product lines and will have primary accountability for driving …

Top 10 Internet Frauds

Online crime complaints increased substantially last year, with the number of fraud complaints jumping 22.3 percent and total losses linked to online fraud reaching almost $560 million. That’s according to the Internet Crime Complaint Center, a partnership between the FBI …

Measure to Privatize Oklahoma’s Compsource Dead for the Year

While a number workers’ compensation reform bills have made progress in the Oklahoma legislature this year, proposed measures that would have privatized the state agency that serves as the workers’ compensation insurer of last resort have not. Rep. Dan Sullivan, …

Ohio Supreme Court Upholds 2005 Law Limiting Injured Worker Suits

In two separate decisions, the Supreme Court of Ohio upheld as constitutional a 2005 state law that limits the ability of workers who are injured on the job to sue their employers for a “workplace intentional tort” in addition to …

Wisconsin College Aims to Make Insurance Students ‘Real World Smart’

Insurance? That’s all straight commission sales,” responded a student at Madison Area Technical College when his instructor suggested he consider an insurance class. Madison College, in Madison, Wis., is working to change that viewpoint and encourage students to envision this …