Monthly Archives: <span>April 2019</span>

Conn. High Court Rules Gun Maker Can Be Sued Over Marketing

Ruling Seen At Odd with Previous State and Federal Court Opinions Gun-maker Remington can be sued over how it marketed the rifle used to kill 20 children and six educators at Sandy Hook Elementary School in 2012, a divided Connecticut …

How Debt Is Used as a Strategic Tool for Growth

If you would like to expand or transform your insurance business, you will likely need to invest additional capital — debt and/or equity. This could mean borrowing, which means taking on debt. However, most insurance professionals are conservative by nature, …

Attorney Turned Criminal Apologizes to Insurers for Giant Workers’ Comp Fraud

Sean Enrique O’Keefe said he started out as a “humanistic attorney,” but he became a mercenary and then a criminal who netted $700,000 a year by sending San Diego workers’ compensation claimants to dirty medical providers. O’Keefe apologized to an …

Resolving Insurance Coverage and Claims Disputes

Avoiding Claim Disputes Through Prevention In last month’s column, I enumerated seven factors that enable one to avoid or prevent claim disputes: (1) Having a good historical perspective of the industry; (2) Understanding and embracing two foundational industry premises; (3) …

A Mix of Flood Insurance Reforms

Conservation, CarFax-Like Disclosure, Means-Test for Rates Up for Discussion The federal flood insurance program has a knack for inspiring ideas from reformers across the political spectrum on how to improve government. If some of today’s reformers get their way, flood …

8 Things to Consider When Buying or Selling an Insurance Agency

Insurance agency acquisitions and deal values are near an all-time high and all expectations are that deal flow in 2019 will match or exceed last year’s numbers. And while reported numbers tend to skew towards larger agency transactions there are …

Today’s Hot Markets

Telemedicine, Breweries, Intellectual property, Nurseries and Cottage foods Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. Here are five industry sectors and insurance market sectors that could offer opportunities for agents and brokers in …

Business Moves

National Brightway Insurance Brightway Insurance, a national property/casualty insurance retailer selling through a network of franchised independent agencies, launched its new Independent Agent Program with its first group of new owners. The new program was unveiled in January. The following …

States Treat Electric Scooters as Bikes Even as Injuries Appear to Rise

Kentucky state Rep. Ken Upchurch says he doubts he will ever see an electric scooter in his rural district on the state’s southern border, but he was happy to help when a lobbyist for Bird Rides Inc. asked him to …

How Drones and Aerial Imagery Use Rose to New Heights Post 2018 Catastrophes

The importance of drones and aerial imagery rose to a new level in the wake of 2018 natural catastrophes as insurers made them an integral part of their disaster recovery procedures, particularly following the hurricanes in the Southeast. From the …