Cover Story

Washington SMART-ens Up: Effects of reform on the surplus lines industry

With the eyes of Congress turning to insurance reform, most commentators are focused on how change might affect the overall insurance industry and agents. But the often-overlooked surplus lines segment of the industry could end up looking different, maybe even …

RACK ‘EM UP

Certified public accountants wading into tax season should be aware of heightened exposure to liability as clients make crucial year-end decisions about how to manage tax liabilities for 2005, according to a recent study by Camico Mutual Insurance Company, the …

Who is worth what?

Last year was not a big year for raises in independent insurance agencies as salaries in many agencies across the county stayed right where they were in 2004. Producer commission rates stayed the same also. More than 1,000 insurance agency …

Independent Agents Feel Hurricane Katrina’s Full Force

Residents in many areas of the Gulf Coast watched their lives change forever on Aug. 29, 2005. When all was said and done, Hurricane Katrina went in the record books as the country’s worst natural disaster, leaving a large swath …

Building Program Muscle

Smaller, Regional and Start-Up Programs Sweat It Out Just like Arnold Schwarzenegger, today’s strongest and most successful insurance programs started out as scrawny and klutzy kids. Hard work along with nurturing from wise and patient carriers helped them build muscle …

Tracking Commercial Autos

Before you can finish saying “Beam me up, Scotty,” chances are a tiny transmitter is bouncing a signal off a satellite somewhere in space, indicating that your insured’s taxi is stowed in the hold of a ship destined for parts …

Disaster Claims and the Ripple Effect

Hurricane Katrina has long gone, but the aftereffects of the mighty storm are likely to linger for a very long time. Rita and Wilma have compounded the mess. The direct losses are staggering. The latest preliminary figures from the Insurance …

Hands in the Till: Embezzlers Cash in at Main Street Banks

The operations manager for a $56 million bank controlled the suspense accounts entirely on her own. She reviewed the unposted report on a daily basis, clearing out items in the bank’s accounts. She manipulated entries through a series of suspense …

Gubernatorial Hopefuls in New York: Spitzer vs. Weld

Part 1: Weld’s Insurance Record New York voters face the prospect of a race for governor next year between Democrat Eliot Spitzer, the state’s anti-corruption crusader and high-profile attorney general, and Republican William Weld, an energetic and enigmatic native New …

Artisans At Work: Contractors Boom Market Paints A Complex Picture

As the United States’ total population creeps up on the 300 million mark, no one can call the residential construction industry a dying breed. The continuous need for housing is apparent in the nation’s fastest growing states, where new residential …

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