Monthly Archives: <span>August 2014</span>

My New Markets

My New Markets is brought to you by Insurance Journal’s sister website: www.mynewmarkets.com Need a Market? Find it. FAST. Cyber & Privacy Protection Market Detail: ELM Insurance Brokers offers cyber security coverage featuring: same day quote bind and issuance capabilities …

Flood Insurance Premium Refunds in Process

The Federal Emergency Management Agency (FEMA) is being praised for moving quickly and ahead of schedule to get $100 million in flood insurance premium refunds into the hands of the one million policyholders who “overpaid” under the Biggert-Waters Act that …

Mickey Mouse Ideas

“I only hope that we don’t lose sight of one thing – that it was all started by a mouse.” So, according to the Internet, said high school dropout Walt Disney. As an avid drawer as a kid, then as …

Creating Key Performance Indicators

How is the best way to measure the business’ success? Often business owners have a good grasp of the financial indicators and sales of their business. Knowing sales is important – owners might know off the top of their head …

How a Bad Attitude Can Harm a Good Agency

You can’t grow your agency without the right attitude. No, I’m not talking about a “proactive” sales stance. This cheerleading concept has been floating around the industry ever since the word was invented. Rather, I am referring to the attitude …

Hopeful Outlook for Workers’ Comp

As we pass the halfway point of 2014, the National Council on Compensation Insurance (NCCI) is relatively optimistic about the outlook for the workers’ compensation market in America. Industry costs remain largely contained. There is a reasonable expectation of some …

E&O Insights: ‘Just Duplicate What I Have’

From a producer’s perspective, the words in the headline are dangerous when spoken by a customer or prospect. Simply duplicating what the insured currently has, whether the account is commercial or personal, can and has caused more than its fair …

Alabama Supreme Court Upholds Generic Drug Liability Ruling

Brand-name drug makers can be held liable for warnings on a generic medication even if it was produced by another company, the Alabama Supreme Court ruled Friday, standing by an earlier decision that business leaders viewed as a defeat. The …

Government Rescue Behind It, AIG Beefs Up Washington Lobbying Corps

Insurer American International Group is ramping up its lobbying team in Washington, almost six years after it halted such efforts following its rescue by the U.S. government during the financial crisis. Many large companies deploy a handful of staff to …

Driven to Praise After Testing Google’s Driverless Car

The car stopped at stop signs. It glided around curves. It didn’t lurch or jolt. The most remarkable thing about the drive was that it was utterly unremarkable. This isn’t damning with faint praise. It’s actually high praise for the …