Articles by Patricia-Anne Tom

Survey: Insurance Agent Salaries Could Freeze in 2009

Given today’s tough economic times, most insurance agencies and carriers in the Southern California region are not planning to give their employees cost of living increases in 2009, although many companies have not yet decided, according to a recent survey …

Insurers Need to Beware of Business ‘Red Flags’

Identity Theft Rules to Take Effect on November 1 New federal “Red Flag” regulations will soon require businesses of all sizes to have identity theft and data breach protections in place. By Nov. 1, 2008, the date at which the …

Insurers Need to Beware of Business ‘Red Flags’

Identity Theft Rules to Take Effect on November 1 New federal “Red Flag” regulations will soon require businesses of all sizes to have identity theft and data breach protections in place. By Nov. 1, 2008, the date at which the …

Nice Nails

Small Claims and Economic Resilience Make Insuring Nail Salons Attractive Many lines of commercial insurance are facing a soft market, and despite the insurance market’s and nation’s economic woes, insurance industry professionals say it’s difficult to chip away at the …

Too Much

There’s too much business news and too little time these days. Actually, just following AIG can be a full-time job. Since most of you hopefully still have full-time day jobs, it’s possible you missed some of the most recent AIG …

California Governor Signs Agent-Broker Bill

California Gov. Arnold Schwarzenegger has signed Assembly Bill 2956, clarifying the duties of an agent versus those of a broker. The bill, Insurance Brokers and Agents of the West explained, establishes four situations in which the broker presumption is deemed …

Insurers Need to Beware of Business ‘Red Flags’

Identity Theft Rules to Take Effect on November 1 New federal “Red Flag” regulations will soon require businesses of all sizes to have identity theft and data breach protections in place. By Nov. 1, 2008, the date at which the …

Hank You Very Much

These are historic times. The country and the world are learning the hard way how intertwined the insurance industry is with the global economy. A respected private insurer — American International Group — called too big to fail had to …

Soft Market Challenges

Relationships, Recruiting, Training Key to Survival Soft market conditions could last for another nine months to five years, predict representatives from the agent, broker, carrier, reinsurance, and excess and surplus lines sectors of the insurance industry. “I anticipate that we …

California Governor Signs Agent-Broker Bill

With a Tuesday, Sept. 30, 2008, deadline to sign or veto bills fast approaching in Califorrnia, Gov. Arnold Schwarzenegger has taken action on several bills this week. Perhaps most notable to insurance agents is AB 2956, which the Governor signed, …