Operations News

It Figures

$99 Billion Annual cost of medical claims and lost productivity attributed to automobile accidents in the United States, according to the Centers for Disease Control and Prevention. That does not include the cost of property or vehicle damage. The costs …

Declarations

Better Protection Against Insolvency “We’ve long had the ability to intervene when a company is insolvent. … But to protect policyholders, we need to step in much sooner than that. This new law lets insurers know exactly what we’ll be …

People

Louisiana Workers’ Compensation Corp. (LWCC) promoted two key executives. Paul Buffone is now senior vice president of Risk Management Services, and David T. White is now vice president of Internal Audit. Buffone started with LWCC in 1993 as a law …

People

The California State Compensation Insurance Fund named Tom Rowe president, CEO and member of the Executive Committee. He will report directly to the board of directors and is responsible for the day-to-day operations of State Fund. Former president/CEO Janet Frank …

AZ Court Decision Could Increase Agent E&O Premiums

The Arizona Supreme Court is weighing in on the state’s uninsured/underinsured motorist coverage selection form – a decision that could dramatically increase insurance agency’s errors and omissions premiums, according to the Independent Insurance Agents and Brokers of Arizona. According to …

InVEST Names Three New Board Members

InVEST, an insurance industry classroom to career education program founded by the Independent Insurance Agents & Brokers of America (the Big “I”), named three new members to its national board: Joey O’Connor, vice president of Insurance Underwriters Ltd.; Richard E. …

New VP of Business Development to CNA Atlanta Office

Jerry Williams has been appointed assistant vice president of Business Development for CNA. In this role, Williams will help support CNA’s goals to build a more effective organizational sales discipline and competency, and stronger engagement with its producers. He will …

Someone Moved Your Cheese. Now What?

2010 Entrepreneurial Insurance Symposium On September 14 and 15 MarketScout will host over 400 industry leaders in Dallas, Texas at the fourth annual Entrepreneurial Insurance Symposium. To maintain market share, underwriters, retail agents and intermediaries must adapt. Those who understand …

Motor Vehicle Crash Injuries Costing $99 Billion a Year, or $500 per Driver

In a one-year period, the cost of medical care and productivity losses associated with injuries from motor vehicle crashes exceeded $99 billion – with the cost of direct medical care accounting for $17 billion. A new study by the Centers …

Bristol West Auto Insurance Renamed Foremost

Foremost Insurance Group announced it has re-branded Bristol West Auto Insurance to the Foremost brand to support the company’s market strategy. Both Foremost and Bristol West were acquired by Farmers Insurance Group — Foremost in 2000 and Bristol West in …