Monthly Archives: <span>July 2012</span>

Kentucky Licenses Portable Device Insurance

Kentucky regulators have released a new license application that will allow retailers and insurance agents for the first time to sell insurance to cover the portable electronic devices such as laptop computers, cellphones, and mp-3 players. The license application requires …

Pennsylvania Dentists Now Required to Buy Liability Insurance

Pennsylvania Gov. Tom Corbett signed into law late last month Senate Bill 388 that mandates all dentists in the state to purchase professional liability insurance. Pennsylvania is now one of 10 states in the country requiring some form of liability …

Two Montana Counties Declare Drought Disasters

Yellowstone and Stillwater county commissions in Montana have declared drought disasters in their counties. Officials say low rainfall and warm temperatures have created conditions that one farmer says are not usually seen until mid-September. Yellowstone County agricultural agent Steve Lackman …

Targets of Trademark Bullies and Patent Trolls Differ

Even though real world bullies make the news, it’s trademark bullies and patent trolls that worry businesses. Trademark bullies are typically large firms that seem to go out of their way to keep others from using brand names that the …

Utah Says Energy Giant Falsified $25M in Claims

Petroleum giant ConocoPhillips filed $25 million in false insurance claims over 14 years for cleanup of leaky underground storage tanks, a state lawsuit charged. The lawsuit filed earlier this month in 3rd District Court accused the Houston-based multinational company of …

Florida Streamlines Licensing for Agents, Adjusters

A new Florida law seeks to reduce the regulatory burden on agents and adjusters by consolidating some licenses and revamping the education classes they must take to conduct business in the state. Among the changes: insurance adjusters and agents operating …

A Conversation with the Oldest (Maybe) Living CPCU Designate

He may not be the oldest living Chartered Property Casualty Underwriter designate, but if not, Myron F. Steves, Sr. comes pretty close. Steves, founder of the Houston-based managing general insurance agency, Myron Steves, turned 100 on July 11, celebrating with …

What Insurance Pros Might Learn from Pilots

During college I took several aeronautic ground classes along with actual flying lessons. Our instructors hammered safety and preparedness into our heads, both while in class and, especially, while flying. The reason: flying (and landing) can be dangerous if you …

There’s More Than Silence When Musicians Fail to Play

Traditional insurance carriers are well prepared with life insurance and disability income plans that fit the needs of most people. If you’re an accountant and become disabled so you can’t work, having a disability income policy can help maintain your …

First Quarter Premium Up 4% for P/C Companies

Homeowners, Private Passenger Auto and Workers’ Compensation Lines Impact Premium Growth Through the first quarter 2012, total direct premium written (DPW) for all property/casualty insurers is up 4 percent compared to first quarter 2011. This increase in DPW represents over …