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

Prop. 17 Is a Bad Deal for California Motorists

California voters know all about private interest groups who use the ballot initiative process to make a naked grab for power. So they won’t be surprised that one insurance company is trying to pull a fast one over the state’s …

Minnesota Workers’ Comp System Rated ‘A+’

Minnesota ranks highest in the nation in terms of workers’ compensation performance, according to the Encinitas, Calif.-based Work Loss Data Institute (WLDI), which has released its 2010 State Report Cards for Workers’ Compensation. Using eight years of data from Occupational …

A Tale of Two Markets

What to Expect in the D&O Liability Renewal Market Your client’s directors and officers liability policy is coming up for renewal. What can you expect from the market? Like the Dickens classic, this is a tale of two markets. The …

D&O Coverage as a Partner in Crime (and Fidelity)

While high-profile crimes like Bernie Madoff’s $65 billion Ponzi scheme generate headlines, employees at companies across the county are committing smaller, low profile crimes every day. Many employee theft schemes — which typically go on for years — don’t make …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Nonprofit Package Market Detail: Pennock Insurance offers a nonprofit organization all-in-one package product. This product …

States Take Action Against Health Care Reform

Many U.S. states are worried that the health care overhaul plan approved by the U.S. House of Representatives will usurp their sovereignty and impose more spending on their already stretched budgets. Republican attorneys general in at least 12 states announced …

Federal Flood Program Shuts Down for Weeks

As many feared, Congress adjourned until April 12 after failing to agree on an unemployment benefits bill that included a provision with an extension of the National Flood Insurance Program. As a result, the federal flood insurance program’s authority to …

Tax Consequences on Perpetuation Planning

Why It May Be Worth Exploring Your Selling Options in 2010 Most people who sell their assets of any type, including the stock they own in an insurance agency, will be subject to a minimum of 5% more tax if …

U.S. Prosecutors Targeting Mid-Level, Senior Corporate Officers in Foreign Bribery Cases

Woodruff Sawyer’s Amantea Advises Adding Specific D&O Endorsement to Ensure Coverage Directors and officers will be the target of more federal prosecutions under the U.S. anti-bribery statute, said a top U.S. Justice Department official. Mark Mendelsohn, the department official who …

The Life of a Health Insurance Broker – Post Health Reform

The last couple of years have been challenging for the national economy – the housing market decline, bank bailouts, tightening credit markets, and a volatile stock market have strained many businesses across varying industries. For the last year, in the …