Monthly Archives: <span>June 2011</span>

Tornado Damages Philly Business

Weather officials have confirmed that a tornado descended on a northeast Philadelphia block late last month – tearing part of the roof off a beer distributor and bar and restaurant and demolishing a car repair shop. The National Weather Service …

Franchisor Benefits from Unrest in Captive Insurance World

Ray Spears, Jeff Wilson, and Charles Donaldson in 2007 established GlobalGreen Insurance Agency as the brand name for the franchise network of independent agencies developed and operated by St. Louis, Mo.-based Equity One Franchisors. Spears, a former banker, said the …

Safer Small Cars

As automakers are building more small cars, they are managing to make them safer than ever, new car safety tests show. Six of 13 small cars recently evaluated by the Insurance Institute for Highway Safety (IIHS) earned the group’s top …

What Killed PIP and Citizens Reform?

P/C Industry Wins Some, Loses Some in Scott’s First Session It is axiomatic in Florida that when it comes to the legislature and insurance issues, the power brokers play to the last 72 hours. No matter how many committee meetings, …

Agents View Carrier Consistency of Product, Price Critical in Relationship

Nearly half of independent insurance agents and brokers believe it is most important to their carrier relationships that companies are consistent in product and pricing in the marketplace, a new study co-sponsored by Insurance Journal shows. That consistency is the …

Florida Firm Inspires Workers’ Comp TV Sitcom

Lights…Camera…Action” is not a phrase often used within the insurance industry. That’s about to change thanks to a new television show created to document the comedic aspect of adjusting workers’ compensation claims. “Workers’ Comp” is a sitcom produced by Dori …

Business Moves

PMA Companies PMA Companies, a Pennsylvania-based provider of commercial insurance risk management solutions and TPA claims and risk services, opened an office in Schaumburg, Ill., and is offering property and casualty insurance and TPA services to employers throughout the state. …

Catlin Stokes Broker Compensation Controversy

The simmering compensation conflict between London’s broker community and the underwriters they work with erupted following a keynote speech given by the Catlin Group’s chief executive Stephen Catlin at a recent conference in London sponsored by Insurance Day. Catlin made …

Connecticut Couple Wins $58M Malpractice Award

A jury has awarded a Connecticut couple $58 million after their baby was born with severe injuries in what the couple’s attorneys called the largest medical malpractice verdict in state history. The jury in Waterbury Superior Court reached the verdict …

Intellectual Property Insurance: Coverage that Fits the Risk

Many companies are unaware that the insurance they purchase may not protect their most valuable assets, intellectual property (IP). That’s because most insurance policies exclude intellectual property, especially patents. This is a disturbing reality since often 80 percent of a …