Texas had the highest average total cost per workers’ compensation claim ($14,465) of eight states reviewed in an independent study released by the Workers’ Compensation Research Institute (WCRI), “CompScope Benchmarks: Multistate Comparisons, 1994-1999.” In the eight states reviewed by the …
The Texas Workers Compensation Commission (TWCC) named Richard “Dick” Reynolds, a former legislator and insurance commissioner, as the new executive director of the agency. The six-member commission voted unanimously for Reynolds’ appointment at a public meeting Aug. 30. Reynolds served …
Texas Department of Insurance (TDI) Commissioner José Montemayor has appointed a task force to help develop “best practices” for nursing home risk management and loss control, with the goal of stabilizing nursing home medical malpractice costs by reducing injuries to …
A formal declaration notwithstanding, the United States must prepare to stamp out organized terrorism. This will have a profound impact on the global insurance industry well beyond the estimated billions in losses from the attacks in New York City and …
The above phrase, first linked to cigarette ads, could be dismissed as politically incorrect, with its implication that females are inherently childlike. But applied to the experiences of women in insurance as well as any number of professions in the …
Although Directors’ and Officers’ liability insurance (D&O) often is associated with large for-profit companies, they are not the only ones that need it. Many people hold the common misperception that directors (including trustees) and officers of a nonprofit organization do …
Once upon a time in a country far, far away, a few visionaries (and yes, a few con artists) laid the foundations of the multi-billion dollar motion picture industry. It required taking considerable risks, and still does. Since its beginning …
While general liability policies protect business owners from the common risks of premises and operations exposures, professional liability is typically not covered under a general liability policy. Instead, professional liability is the subject of errors and omissions or professional liability …
When asked to list the major strengths of their agency, most owners usually include the agency’s quality of service to the client. In the typical agency, the customer service representative is the foundation of good service. Logically, one can say …
Nonprofit organizations are among the fastest growing sectors of the U.S. economy and while many companies try to steer away from writing policies for nonprofits, there are a few that thrive on the business. Those who do focus on the …
