Currents

It Figures

$1.07 million The fine imposed against the owners of Rhode Island’s The Station nightclub for failing to carry workers’ compensation insurance at the club, the site of a 2003 fire that killed 100 people. Owners Jeffrey and Michael Derderian sought …

Liquor distributors not liable for drunken driving crash

Liquor distributors cannot be held liable for a drunken driving crash during an Indian casino promotion that injured a Las Cruces, N.M., family, the state Court of Appeals has ruled. The May 2003 crash injured Joseph and Peggy Chavez and …

The real George Dale

Insurance Journal ran the wrong photo with its story, Southeast regulators united in call for national disaster plan. This is the real Mississippi Insurance Commissioner George Dale. We apologize for the error.

Understanding D&O risks, exposures and insurance options

What do a parent advisory board, parish council, the United Way and local athletic club have in common? They are all nonprofit organizations. Most people serving on the board of such organizations are volunteers who provide their time and efforts …

Personality plus or minus in sales

How to use a producer’s unique personality traits in sales A necessary evil. That’s how some people might describe insurance. A producer’s job, of course, is to turn this kind of misguided, industry-swiping thinking around, and make the whole experience …

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 …

A state-based insurance safety net

The best choice for consumers is the tried and true property/casualty guaranty fund system administered by the states From almost the moment Gramm-Leach-Bliley was signed into law in late 1999, discussion turned to the question of state or federal regulation …

A state-based insurance safety net

The best choice for consumers is the tried and true property/casualty guaranty fund system administered by the states From almost the moment Gramm-Leach-Bliley was signed into law in late 1999, discussion turned to the question of state or federal regulation …

Zurich agrees to terms to close multi-state bid-rigging probe

In separate but related move, N.Y., Conn., Ill. tell four insurers contingent commissions no longer an option Ten states, led by Texas and its Attorney General Greg Abbott, have come to terms with Zurich American, closing their probe into the …

Dissecting a claims made policy

Editor’s note: This is the first installment in a three-part series discussing the anatomy of a claims made policy. Parts II and III will be printed in future issues of Insurance Journal’s West region publication. You’ve heard the phrase: “If …

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