April 8, 2013
For the first time in history, American companies now have five generations of employees in the workforce: the silent generation (born 1925-45); baby boomers (1946-64), generation X (1964-80); generation Y (1980-90) and millennials (after 1990). Each generation has its own …
March 25, 2013
From 1967 until March 2005, Maurice “Hank” Greenberg, now chairman and CEO of Starr Cos., helped build American International Group (AIG) into the world’s largest insurer with a market value of $180 billion, forging relationships, opening markets and inventing products …
March 11, 2013
For most middle-income Americans, the purchase of a home represents their largest investment and their most valuable asset. Thus, the lender, homeowner and personal lines insurance agent tend to focus on the common causes of loss when considering homeowners insurance …
February 11, 2013
The year is a prime time for agents and brokers to begin preparing their clients for Affordable Care Act (ACA) requirements coming in 2014. Don’t assume that you can wait until the beginning of the plan year to implement ACA …
December 17, 2012
It took one day for Superstorm Sandy to destroy my house. So far, it’s taken more than a month for insurance to help me get back in. The last time I slept in my own home was October 27, two …
December 3, 2012
In the days before superstorm Sandy, there were many questions. When and where would it arrive, and what kind of destruction would it bring? Later, those questions were replaced with others: were friends and family OK? How many homes were …
November 19, 2012
Neither insurance policyholders nor courts look kindly upon exclusions from the broad coverage provided by insurance policies. Policyholders often balk at exclusions when preparing to pay their hard-earned dollars to buy insurance policies, and courts apply favorable rules of insurance …
November 5, 2012
For decades now, your company has reinsured a substantial portion of its risk under reinsurance contracts (treaties) negotiated by executives who retired long ago. But just a few years ago, your reinsurer – now in run-off and no longer looking …
September 24, 2012
If you’re in a hiring or management position, you already know skilled talent is in short supply and competition is high. Whether you’re looking for a seasoned professional or a recent grad, the best and brightest can be difficult to …
August 6, 2012
Small business is alive and well, despite the gloomy, reports we read about the weak national economy. To be more specific, small businesses started by ethnic minorities is booming. The niche where we have first-hand experience with this phenomenon is …