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

Why Cash Flow Outweighs Profits in a Tough Economy

Simple Steps to Improve Agency Cash Flow Cash flow today is probably more critical to small businesses than anytime in 20 or maybe even 40 years. This is especially true for agencies. I have seen many articles written about agencies …

Growth, Stability and Changes in Store for Long Term Care Market

With the first of 77 million baby boomers nearing retirement age in 2011, assisted living facilities and nursing home facilities will play a more important role than ever before. About three million Americans will require long term and post-acute care …

Big ‘I’ Gives $1.7M to Shape New Congress

The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) said that its political action committee, InsurPac, distributed more than $1.7 million in the 2010 campaign cycle resulting in a 93 percent congressional victory rate. In the …

Sore Losers Don’t Always Win

Project Engineer Defeats Suit Brought by Unsuccessful Bidder The online Urban Dictionary defines a “sore loser” as “someone who loses in a fair competition but whines about it on a constant basis, blaming everyone around them for their loss except …

Reporting Firms Face Risks as U.S. Cracks Down on Medicare, Medicaid Costs

New Insurance Products Cover Risks Created by New Laws and Regulations The federal government’s crackdown on fraud and errors in Medicare and Medicaid is raising liability issues for firms that specialize in managing claims and billing for these programs – …

Lloyd’s New Director of North America, McGovern, Navigates Turbulent Waters

Addressing Changes in EU and U.S. Regulations; North American Lloyd’s Reorganization Sean McGovern, Lloyd’s general counsel and, since February 2010, the director of Lloyd’s North America, may still have time to pursue his favorite pastime – sailing – but he …

Washington Voters Reject Privatization of Workers’ Compensation System

Voters in the state of Washington have rejected a measure to inject private insurer competition into the state’s workers’ compensation system. The insurance industry hoped to open up the state’s workers’ compensation insurance system to the private market and eliminate …

People

J. Michael “Mike” Miley of Indiana-based Gibson Insurance Group was installed as chairman of the Independent Insurance Agents & Brokers of America (the Big “I”). Miley began his insurance career in 1973 and joined Gibson Insurance Group in 1983. He …

5 Steps to Real-Time Performance Reviews of Employees

On the list of things that are done for all the wrong reasons in organizations, performance reviews rank near the top. They end up being “check the boxes” exercises that have little influence on performance because they take place after …

Republicans Gain Control in State Houses, Governor Offices

Republicans were not only victorious in the U.S. House but also in state houses across the country. The new GOP power will give the party its largest number of seats in state legislatures since the Great Depression, according to the …