Articles by Patricia-Anne Tom

Investor insights

Today, it’s not a fun time to be an insurance investor or analyst,” said Ray Joseph, vice president of Los Angeles-based Capital Research Co. Joseph should know; he is an investment analyst with research responsibilities for American large-capitalization insurance companies. …

Hawaii Working to Improve Business Climate for Insurers

Hawaii is working to improve business conditions for insurers, brokers and agents, according to Jeffrey P. Schmidt, the state’s insurance commissioner. Schmidt recently addressed a crowd at the opening breakfast at the 80th annual meeting of the American Association of …

Agribusiness’ new appeal

Alternative and agro-tourism enterprises are allowing farmers and ranchers to earn higher profits by replacing or supplementing traditional farm operations with innovative on-farm or on-ranch ventures, according to Kiki Chvosta and Bonnie Reed of Allied Insurance/Nationwide. As a result, insurance …

Survey: Risk managers spent more on disaster preparedness, catastrophe management

Spending for loss control services increased or remained flat for a majority of organizations in the past year, and the greatest spending increases occurred in such areas as disaster preparedness and catastrophe management, according to the Internet-based 2006 Loss Control …

Former Enron executive admits guilt, says complacency equally bad as committing fraud

The same week Enron Corp. founder Kenneth Lay told jurors that he did not intentionally deceive investors and analysts, another former Enron executive told the insurance and risk management community that Enron suffered corruption and complacency in the months before …

Survey Says Risk Managers Spent More on Disaster Preparedness, Catastrophe Management

Spending for loss control services increased or remained flat for a majority of organizations in the past year, and the greatest spending increases occurred in such areas as disaster preparedness and catastrophe management, according to internet-based 2006 Loss Control Spending …

Former Enron Exec Admits Guilt, Says Complacency Equally Bad as Committing Fraud

The same week Enron Corp. founder Kenneth Lay told jurors that he did not intentionally deceive investors and analysts, another former Enron executive told the insurance and risk management community that Enron suffered corruption and complacency in the months before …

Agribusiness’s New Appeal

Alternative and agro-tourism enterprises are allowing farmers and ranchers to earn higher profits by replacing or supplementing traditional farm operations with innovative on-farm or on-ranch ventures, according to Kiki Chvosta and Bonnie Reed of Allied Insurance/Nationwide. As a result, insurance …

Feeding the farmowners business

If you’ve been writing agricultural and farm insurance for years and think you know everything there is to know about the business, don’t bet the farm. Farm exposures have changed dramatically in the past 50 years and require sophisticated liability …

Safeco considering internet-based auto insurance sales

Seattle-based property and casualty insurer Safeco is considering direct marketing its automobile insurance business over the Internet to reach additional consumers that do not like to deal with middle-men and do not like to purchase insurance through agents. According to …