Parting Shots

Is the Industry Repeating the Past – Yet Again’

In a collection of works titled The Life of Reason, the philosopher George Santayana wrote, “Those who cannot remember the past are condemned to repeat it.” Currently there’s a momentous shift underway in the property and casualty insurance markets; we’re …

Ohio’s Common Sense Legal Reform

2004 was a landmark year for common sense legal reform in Ohio. The state enacted significant asbestos reform, silica and mixed dust reform, and comprehensive tort reform legislation. The many benefits of these historic laws will be felt by Buckeye …

The Facts About Credit Information and Insurance

The use of credit history, one of many underwriting tools, is not a new concept and one that has received strict scrutiny from insurance regulators and consumer advocates around the country. Some insurers have used individual credit histories in underwriting …

Louisiana: We Are Building It, Will They Come’

Ihave the privilege of serving as vice president of the Louisiana Surplus Line Association (LSLA) and chairman of the Louisiana Surplus Line Task Force. Our goal has been to share our thoughts on regulatory reforms and proposed legislation with the …

The Facts About Credit Information and Insurance

The use of credit history, one of many underwriting tools, is not a new concept and one that has received strict scrutiny from insurance regulators and consumer advocates around the country. Some insurers have used individual credit histories in underwriting …

Agent’ Or Broker’ Consumer Choice Dictates Disclosure

Insurance regulators should establish clear definitions of brokers and agents and structure licensing around those definitions. What Eliot Spitzer has done within the insurance industry should be entered on the positive side of the ledger. While much of the follow-up …

Agent’ Or Broker’ Consumer Choice Dictates Disclosure

What Eliot Spitzer has done within the insurance industry should be entered on the positive side of the ledger. While much of the follow-up has driven up expenses and slowed down the inner workings of insurance carriers, the rooting out …

Lessons Learned from a Cherry Red Car

The last Oldsmobile, painted a commemorative dark cherry red, rolled off the assembly line in April 2004. During its 107-year history, the company produced more than 35 million cars and pioneered innovations like chrome-plated trim and front-wheel-drive. Oldsmobile sold more …

The Facts About Credit Information and Insurance

The use of credit history, one of many underwriting tools, is not a new concept and one that has received strict scrutiny from insurance regulators and consumer advocates around the country. Some insurers have used individual credit histories in underwriting …

Agent’ Or Broker’ Consumer Choice Dictates Disclosure

What Eliot Spitzer has done within the insurance industry should be entered on the positive side of the ledger. While much of the follow-up has driven up expenses and slowed down the inner workings of insurance carriers, the rooting out …

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