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

Bill Would Allow Video Monitors in Cars

The California Assembly has passed a bill that would allow video recorders to be installed on vehicle dashboards. The devices could record a vehicle’s speed, where it travels, whether the driver wore a seatbelt and when the brakes were applied …

Nevada Insurance Commissioner Resigns; State Seeks Replacement

Nevada’s Business & Industry Director Dianne Cornwall announced that Nevada Insurance Commissioner Scott J. Kipper has resigned. Kipper has been insurance commissioner since December 2008, when he replaced Acting Commissioner Betty Baker who served after longtime Commissioner Alice Molasky-Arman retired …

The Right Relationship Chemistry Can Increase Sales, Create Succession Plan

As John Lennon and Paul McCartney could tell you, sometimes you just need a little help from your friends. And in the insurance agency business – where building relationships are key to success – that friend often is more than …

Business Moves

Fairfax, Zenith National Insurance Toronto-based Fairfax Financial Holdings Ltd. and California-based Zenith National Insurance Corp. announced that Fairfax has received approval from the California Department of Insurance for the acquisition by Fairfax of Zenith pursuant to the previously announced merger …

Price Scare

Seven years and running, the soft market shows few signs of loosening its grip on commercial insurance pricing, according to a new industry study. Average premiums in every line tracked by the Risk and Insurance Management Society (RIMS) Benchmark Survey …

Agents: How to Avoid Traps of Selling on Price

Low rates!” “Lower your premiums!” “Compare and save!” Turn on the TV or search the Web on the term “homeowners insurance,” and you’ll be inundated with offers like these. To the casual observer, it would seem that price is the …

Trains, Ships and Trucks

Maritime Law May Limit Compensation for Cargo Damages During the Inland Transportation Part of a Journey That Originated Overseas. In disputes regarding damage to cargo transported over land and water, it is important for agents that are placing insurance to …

People

Louisiana Workers’ Compensation Corp. (LWCC) President and CEO Kristin W. Wall has been elected to the board of directors of NCCI Holdings Inc., a provider of workers’ compensation and employee injury data and statistics. Wall is among five new board …

Congress’s inability to act leaves many in flood prone areas vulnerable – for the second time this year and the fourth in 12 months’ time. When it rains it pours, as the saying goes. By extension, one could say that …

In Developing Producers, a Little Help From One’s Friends Goes a Long Way

As John Lennon and Paul McCartney could tell you, sometimes you just need a little help from your friends. And in the insurance agency business – where building relationships are key to success – that friend often is more than …