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

People

Todd Kilkenny joined the Independent Insurance Agents of Texas (IIAT) as director of agency management resources. He will be responsible for developing, implementing and managing strategic agency management initiatives and programs to support the growth and development of member agencies …

E&O for Agents – A Necessity Even if Mistakes Don’t Happen

Errors and omissions insurance is available, and necessary, not just because mistakes happen. A customer’s perception can be that the reason a loss was not covered, valid or not, was the result of an agent’s mistake. Applying even the most …

Reducing E&O Exposures: What Agents Need to Know

Data Breach, Privacy Claims and Certificates of Insurance Costly Exposures for Agents Insurance agents who fail to keep up with ever-changing legislation, regulations, policies and forms are opening themselves up to costly insurance errors and omissions (E&O) claims, and even …

300 Homes to Be Repaired in Settlement With Chinese Drywall Firm

A Chinese drywall manufacturer has agreed to participate in the remediation of up to 300 homes in Alabama, Mississippi, Louisiana and Florida that were contaminated by faulty drywall. The agreement reached with Knauf Plasterboard Tianjin (KPT) in Chinese Drywall multidistrict …

Where Georgia’s Insurance Commissioner Candidates Stand

Hudgens, Squires and Bruce on Credit Scoring, Tort Reform, Role of Independent Agents and State Regulation Georgia voters going to the polls on Nov. 2 will have a real choice when it comes to electing the state’s next insurance commissioner. …

Business Moves

Ironshore, Distinguished Programs Bermuda-based specialty insurer Ironshore Inc. and New York-based program administrator Distinguished Programs Group LLC have formed a joint venture acquisition vehicle targeting the managing general underwriter and program manager segments of the insurance distribution business. IDP Holdings …

Reducing E&O Exposures: What Agents Need to Know

Certificates of Insurance, Data Breaches, Unfamiliar Markets Among Exposures for Agents Insurance agents who fail to keep up with changing legislation, regulations, policies and forms are opening themselves up to costly errors and omissions (E&O) claims, according to experts and …

People

Aubie W. Knight has assumed the role of chief executive officer of the Independent Insurance Agents of Georgia (IIAG). Knight has been with IIAG since 1996. During his tenure, he has been responsible for most of IIAG’s for-profit operations and …

What’s Next: The Florida Sinkhole Insurance Fund?

Will Floridians, who already support a state-backed property insurer and a catastrophe fund, support another public insurance entity for sinkhole coverage? Such a fund might be the “best way to go,” according to John Auer, president of domestic insurer American …

North Carolina Has High Workers’ Compensation Medical Costs

North Carolina’s medical costs per workers’ compensation claim were among the highest in a study of 15 states, according to a new report. The study by the Cambridge, Mass.-based Workers Compensation Research Institute (WCRI) said that several factors led to …