July 23, 2012
Agent Advocates “I am committed to insurance products and services being offered by licensed agents and brokers, not unlicensed navigators. Licensed agents and brokers are the front-line advocates for consumer protection in the state of Oklahoma,” —Oklahoma Insurance Commissioner John …
July 23, 2012
New legislation extends the National Flood Insurance Program until Sept. 30, 2017 and introduces various reforms. The reforms were put in place with one main goal in mind: to bring more financial stability to the program. Here are 10 of …
July 23, 2012
I’ve written extensively about how the use of coverage checklists benefits an agency. The benefits include significantly reduced errors and omission (E&O) exposures, enhanced reputations, better sales, and last but certainly not least, customers getting the coverage they truly need. …
July 23, 2012
An initiative to establish portable persistency discounts for automobile insurance this month was assigned a number by the California Secretary of State, and shortly afterward the newly named Proposition 33 came under attack by Santa Monica, Calif.-based Consumer Watchdog. Prop. …
July 23, 2012
Nevada is leaving the surplus lines tax clearinghouse to which it belongs, Nevada’s insurance commissioner confirmed this month. Nevada is the latest in a string of states to exit the Non-Admitted Insurance Multi-State Agreement, Hawaii being another recent state to …
July 23, 2012
In a May 7 speech during her visit to India, Secretary of State Hillary Clinton said that the principal threat to the world is a nuclear-armed Iran because Iran is a state sponsor of terrorism. It is understandable that California …
July 23, 2012
A New York court ruled recently that Aon Risk Services Northeast can proceed with its lawsuit against California-based Alliant Insurance Services involving employment covenants. Aon alleged that several of its former executives who now work for Alliant had conspired with …
July 23, 2012
Former Missouri Gov. Roger Wilson has been sentenced to two years of probation for misusing money to make political donations. Wilson, a 63-year-old Democrat, pleaded guilty in April to one count of misdemeanor campaign finance fraud. He admitted he improperly …
July 23, 2012
Even after a local agency agreed to donate $75,000, the Reno Air Racing Association remained $1 million short of the amount it needs to meet its high insurance premium. Insurance premiums for the Reno National Championship Air Races jumped $1.7 …
July 23, 2012
A 2008 Florida law establishing a 48-hour moratorium on public adjusters has been ruled unconstitutional by the Florida Supreme Court on grounds that it restricts commercial speech. The overturned law had prevented public adjusters them from contacting potential claimants for …