Operations News

Supreme Court Partially Strikes Down SOX Accounting Board

The Supreme Court Monday struck down part of a law to prevent fraud committed by companies like Enron and WorldCom, saying a board to police public companies’ auditors violated the Constitution. But the ruling left the 2002 Sarbanes-Oxley law and …

Last Chance: Insurance Journal Top 100 Agencies

The deadline is here! Last chance to join the ranks of the industry leaders among privately-held retail independent insurance agencies by completing this quick survey for the 2010 Insurance Journal Top 100 P/C Independent Agencies listing. The deadline for entries …

Boldt Named Texas Accredited Customer Service Rep. of the Year

The Independent Insurance Agents of Texas (IIAT) honored Stacey Boldt, assistant branch manager with Town & Country Insurance in Galveston, with the Accredited Customer Service Representative (ACSR) of the Year award at IIAT’s 113th Annual Conference and Trade Show on …

Judge’s Approach to Curbing Malpractice Suits Gets $3 Million

To settle medical malpractice lawsuits, Judge Douglas McKeon sometimes quietly listens to heartbroken family members vent their anger. He calls it “humanness.” Curiosity about medical matters led the longtime New York City judge to become a specialist in resolving wrenching …

Rush to Electronic Health Records Could Increase Liability Risk

Although the benefits of bringing information technology to health records can be substantial, electronic health records (EHR) systems also give rise to increased liability risks for health care providers due to possible software or hardware problems or user errors, according …

After Profitable 2009, Reinsurers Face Pricing Pressure from Primary Insurers

A softening casualty market, strong company earnings, and a quiet catastrophe season resulted in the reinsurance industry enjoying, in 2009, one of its most profitable underwriting years in nearly a decade. Today, reinsurers must continue to push-back on multi-year deals …

The Great Unbundling

Rightly or wrongly, the six-year-old battle over the payment of contingent commissions is reshaping the way the insurance-selling industry gets paid. It’s a practice that, at least for the big brokers, is vanishing. It’s a change that in some circumstances …

Promoting Employee Wellness Yields Substantial Business Returns

Do the companies you work with actively promote health and well-being in the workplace? If the answer is no, they’re not alone. According to a survey by Right Management, a subsidiary of Manpower Inc., less than half of the nearly …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Background Screeners Market Detail: Brownyard Programs Ltd., provides specialty insurance (GL + E&O) programs for: …

E&O Insights: ‘Let Me Think About It’

Why Agents Should Stress Importance of Umbrella Coverage When uttered together by a client, the five words in the headline of this article are – potentially – very dangerous words. Note the following claim and ask yourself, “Could this happen …