Articles by Catherine Tapia

States’ Arsenal in Battle Against Drunk Driving Includes Varied Initiatives

Three out of every 10 Americans can expect to be involved in an alcohol-related vehicle crash at sometime during their lifetimes. Assuming that drunk driving is not strictly curtailed from current levels, that is the grim reality predicted by the …

Industry Invests Heavily in California’s Economy, Report Shows

Q. Who is the single largest investor in California’s $1.2-trillion economy? A. The insurance industry. Comprised of 827 property/casualty companies and 579 life/health companies, the insurance industry has a 1998 total of $463.4 billion in total investments. This is one …

Fremont General’s 2Q Combined Ratio Hits 259 Percent

Fremont General Corporation, the nationwide insurance and financial services holding company, posted a combined ratio for second quarter 2000 of 259.0 percent, compared to 95.7 percent reported for second quarter 1999. Also posted in the Company’s most recent Quarterly Report …

Groups Disagree on Producer Licensing Verbiage

What’s in a word? A lot—at least according to the National Association of Mutual Insurance Companies (NAMIC). In a press release, the association announced that on July 11 it sent a letter to the chair of the National Association of …

Lloyd’s Chair to Resign, Position Goes Part-time

Max Taylor, the current chairman of Lloyd’s, will be leaving the position he has held for the past three years when his term is up in December 2000. The Council of Lloyd’s also announced that starting in 2001, the role …

Lloyd’s Chair to Resign, Position Goes Part-time

Max Taylor, the current chairman of Lloyd’s, will be leaving the position he has held for the past three years when his term is up in December 2000. The Council of Lloyd’s also announced that starting in 2001, the role …

Are Calif. Agents Giving Low-Cost Auto the Cold Shoulder’

California’s low-cost auto insurance program is off and running, but a major question has already come up regarding those agents who are certified to write business for the program-how willing are they to actively market the policies? A recent Associated …

Calif. Nonprofits Charitable Risk Pool Plans National Expansion

For more than a decade, National Insurance Alliance of California (NIAC) has borne the unique distinction of being a nonprofit organization which insures other nonprofit groups in the state of California. Now, thanks to a $5-million grant from the David …

Volunteer Workforce, Lifeblood of the Nonprofits, Needs Special Coverages

Volunteers—without them, most nonprofit organizations would not exist. They are the common soil in which most mainstream nonprofits are planted, providing services in countless different areas. Yet although property/casualty coverages are fairly easy to find in today’s soft market, volunteers …

Conducting an Efficiency Study

The economy is booming. New millionaires are being created every day. American business has never had it so good. So being an insurance agent is the fast track to financial freedom, right? Wrong. No one is setting up charities for …