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

UK Regulatory Consultant Analyzes Financial Services Regime Change

The UK’s new Chancellor (Finance Minister) George Osborne has announced plans to fundamentally reform the way financial services, including insurance, are to be regulated [See IJ web site – https://www.insurancejournal.com/news/international/2010/06/16/110766.htm]. Essentially, Osborne’s government plans to dismantle the current tripartite regulatory …

Buckman-Mitchell Promotes Swanson, Fussel

Visalia, Calif.-based insurance agency Buckman-Mitchell Inc. has promoted Brent Swanson to president and chief operating officer, and Judy Fussel to president and chief operating officer of Buckman-Mitchell Financial & Insurance Services, the employee benefit department of Buckman-Mitchell Inc. Swanson was …

Calif. Temporary Disability Workers’ Comp Claim Costs Down 6.1%

Temporary disability outcomes in California’s $8 billion workers’ compensation system have continued to improve since the enactment of 2004 reform legislation, new research from the California Workers’ Compensation Institute reports. Ongoing reductions were noted in both the cost and duration …

Employers Names Hallman Senior VP, Chief Information Officer

Reno, Nev.-based Employers announced that Richard P. Hallman has been promoted to senior vice president and chief information officer. Hallman previously served for the past five years as Employers’ vice president of information technology infrastructure and operations, managing enterprise-wide IT …

Safety Concerns Rise As Golf Carts Take to the Streets

When Shannon Wiegert bought the new, bright red golf cart for scooting around car shows, he didn’t think to ask about safety features on the slow-moving vehicle. And when his little girl begged his older daughter for rides around the …

Congressional Panel Criticizes Government Over AIG Bailout

A watchdog panel says it’s still unclear whether U.S. taxpayers will ever fully recoup the $182 billion they plowed into American International Group Inc., and the government should have used up all its options before bailing out the crippled insurance …

Contractors: Reduce the Cost of Loss While Helping to Save Lives

Promoting a Culture of Continuous Improvement Can Beef Up the Bottom Line Bestselling business strategist and author Thomas J. Peters once said, “Excellent firms don’t believe in excellence – only in constant improvement and constant change.” For contractors, remaining competitive …

Umbrellas for Residential Contractors in Uncertain Times

Why Commercial Umbrella Coverage Could Save the Day Residential construction is and has been an extremely important class of business for surplus lines insurers and agents. In recent years, however, demand for residential work in this country has dropped dramatically. …

Specialized Independence

Top 100 Agency Profile Agency Name: The Horton Group Inc. Headquarters: Orland Park, Ill. Year Founded: 1971 Locations: 15 2009 Total P/C Premiums: $258.3 million Commercial Lines: $221.4 million Personal Lines: $36.8 million Other than P/C: $269.7 million 2009 Total …

The Age of Relentless Acceleration

Views from the Brokering Landscape Today we live in an Age of Relentless Acceleration – of interconnectedness, emerging risks, uncertainty and shifting centers of power and influence. It is an age where catalytic events can spread and amplify in exponential …