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 …
Promoting Employee Wellness Yields Substantial Business Returns
Do the companies you work with actively promote health and well-being in the workplace? If the answer is no, they’re not alone. According to a survey by Right Management, a subsidiary of Manpower Inc., less than half of the nearly …
Injured Passenger Can Sue Airline for Negligence in State Court
A disabled passenger who fell and injured himself while exiting a commuter plane in Philadelphia can sue the airline in state court, a federal court has ruled. The suit – which a lower court tossed, ruling that federal law preempts …
New York Insurance Regulator Hands Out Large Fines
New York insurance regulators have handed out some sizable fines in the last several months, according to a new report, including a $360,000 fine for a large national insurer that overcharged auto insurance customers over several years. Clarendon National Insurance …
People
Wholesaler Crump Insurance promoted Kevin Hahn to executive vice president. As head of New York brokerage operations, Hahn will oversee Crump’s offices in Long Island and New York, and its environmental practice. XL Insurance appointed Gary S. Kaplan to the …
Storm Management
The Atlantic hurricane season forecasts are in and they aren’t pretty. All the major forecasters have predicted the season will be much more active than last season. The National Oceanic and Atmospheric Administration (NOAA) expects an “active to extremely active” …
Agents: How to Avoid Traps of Selling on Price
The standard homeowners policy is increasingly a trap for consumers. 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 …
Business Moves
Liberty Mutual Agency Corp. Boston-based Liberty Mutual Group has announced that its subsidiary, Liberty Mutual Agency Corp. (LMAC) has filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering of shares of its common …
Former Vice President at Rhode Island Insurer Acquitted
A former executive at Rhode Island’s dominant workers’ compensation insurer was acquitted last month on a charge that he deceived state regulators about companies that were receiving discounted premiums. Superior Court Judge Edwin Gale acquitted David Clark, a former vice …
The Ethics of Stealing Business From Competitors
You are on an airplane and you strike up a conversation with the person next to you. She is the decision maker of a company that buys your competitor’s products. You have such a great exchange that she asks for …
