Currents

Michigan shows judicial restraint with asbestos decision

Courts and legislatures around the country are taking a serious look at the problems created by the consolidation of mass tort cases, like the asbestos and silica litigation. The Michigan Supreme Court provided the latest move toward restoring balance with …

Insurance costs stop volunteer doctors in Idaho

A retired medical doctor in Coeur D’Alene, Idaho, who wants to donate his time to the Dirne Health Care Center in northern Idaho says he is unable to do so because medical malpractice insurance would cost him at least $10,000. …

Both employers and employees benefit from investment in learning

Insurance is one of the fastest changing, most regulated industries in America today. That very nature insists that those who want to excel in their current responsibilities and pursue their career goals must include education in their plans. As agents, …

Cultivating a management mentality

A common misconception among agency owners who began their careers in sales is the belief that agency management and sales management are the same. The art and science of agency management require a unique set of managerial skills that are …

Navigating Washington’s business and occupation tax tangle

Washington State’s current business and occupation (B&O) tax laws operate under a unique structure that can confuse even the most astute insurance agent or company. Harbored within this structure is the question of tax responsibility — who reports and who …

Washington governor declares wildfire emergency

Washington Gov. Chris Gregoire declared a wildfire emergency as several large fires burned in the state and forecasters predicted more thunderstorms and high winds. “Numerous wildfires across Washington pose a serious threat to homes, infrastructure, businesses and natural resources … …

Texas A&M finds disaster preparedness lacking

Five years after 9/11 and one year after Hurricane Katrina, most companies have some form of disaster response plan in place; however, one out of four professionals responsible for corporate disaster preparedness efforts report that they have never conducted a …

Study urges better efforts to prevent teen worker injuries

A new survey of 6,810 teens showed that more than half of them work, and 514 of them had been injured on the job. “The findings from this study clearly indicate that work-related injuries among youth are a significant health …

Establishing ethics for insurance professionals

The American Institute for Chartered Property and Casualty Underwriters (AICPCU), the American College and the Society of Financial Service Professionals founded Ethics Awareness Month in 1990. While it is impossible for all insurance professionals to reach consensus on every aspect …

It Figures

1 million Enrollment in insured HMO benefit plans declined again in 2005, dropping below 1 million, the lowest level since 1985. Premium revenue increases slowed and profitability for HMOs decreased from its peak in 2004. Part One of Minnesota Managed …

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