Articles by Patricia-Anne Tom

Study ranks states on workers’ comp premiums; Alaska highest

The Oregon Department of Consumer and Business Services (DCBS) has issued its biennial study on national workers’ compensation premiums, and noted that Alaska has the highest rates of all 50 states and the District of Columbia. In its ranking, Oregon …

Safeco lists on NYSE, hopes to grow by improving agent incentives

Seattle-based Safeco said it is expecting independent agents, in part, will help the company grow organically and provide predictable returns for investors. In a question and answer session following its listing on the New York Stock Exchange, Safeco’s CEO Paula …

More Punch for Programs

Today’s managing general agencies and carrier partners in the specialty program marketplace are enjoying profitable times while looking over their shoulders at new carriers and agents eager to enter the ring, according to industry insiders. The specialty market written through …

Court Rules Estate Not Entitled to Workers’ Comp Benefits

The Second Appellate Court of California has ruled in Six Flags Inc. vs. Workers’ Compensation Appeals Board, et. al. that it is unconstitutional to award a $250,000 worker’s compensation death benefit to the estate of an employee who suffers fatal …

The avian flu pandemic: businesses ignore planning at their peril

It’s reasonable to assume that an avian flu pandemic could take flight in the near future, and companies need to prepare a response, according to Rick Casse, former director of business continuity planning for Gap Inc. According to Casse, the …

Alaska, Idaho could face new insurance regulators

The insurance commissioner posts in Alaska and Idaho are likely to change, following November’s mid-term elections. In Idaho, U.S. Rep Butch Otter, R, defeated opponent, newspaper publisher Jerry Brady, in the race for governor of the state, as expected. When …

Colo. election might affect key insurance issues

Colorado faced a controversial election day, with record lines to cast ballots. Ultimately, the tide turned in the Rocky Mountain state from red to blue, marking the first time in nearly 50 years that Democrats will control the House and …

Insurance industry needs to improve “perceived” value

Insurance professionals are becoming targets, according to Dave Mosby, technologist, visionary and co-author of “The Paradox of Excellence, How Great Performance Can Kill Your Business.” According to Mosby, who recently spoke at the Professional Liability Underwriting Society (PLUS) Directors and …

D&O market fueled by probes, record settlements, globalization

Today “it’s tough to be a director and officer, and that means it’s tough to be a D&O underwriter,” according to Doug Poetzsch, senior vice president, head of specialty claims for Ace USA based in New York. Poetzsch says today’s …

Avian Flu Pandemic: Much ado about nothing?

It’s reasonable to assume that an avian flu pandemic could take flight in the near future, and companies need to prepare a response, according to Rick Casse, former director of business continuity planning for Gap Inc. Keeping that in mind, …