Monthly Archives: <span>March 2002</span>

Workers’ Comp Texas, A League of its Own

One of the many singular phenomena that sets Texas apart from the rest of the U.S. is the fact that it is the only state in the Union that does not require its employers to participate in the workers’ compensation …

Buffett and ‘The Noah Rule’

Berkshire Hathaway’s boss Warren Buffett didn’t become America’s most successful investor, and one of its richest men, by making mistakes, so when General Re suffered a $2.4 billion hit from the WTC attacks, everyone waited to see what the impact …

The Real Truth About Credit Scoring

The insurance industry would like the public to believe they have found the holy grail of underwriting: credit scores. Since they now have this vehicle to make sure that only good drivers get good rates and bad ones pay more, …

Insurance Strikes Out: Major League Players Offer Big Returns

Insurance policies to cover the multi-year, multi-million dollar salaries of professional baseball players may soon be as hard to locate as a split-fingered fastball from a southpaw relief pitcher. The hardening insurance market coupled with skyrocketing salaries of premier players …

What Policyholders Don’t Know Can Hurt Them

The things businesses do not know about their potential liability for what employees do in cyberspace have the potential to become a serious problem. Recent surveys indicate that many businesses do not realize that simply connecting to the World Wide …

Workers’ Comp TexasA League of its Own

One of the many singular phenomena that sets Texas apart from the rest of the U.S. is the fact that it is the only state in the Union that does not require its employers to participate in the workers’ compensation …

Insurance Fraud: A Perpetual Bane for Industry, Consumers

Since the insurance industry’s inception, fraud has proved a perpetual problem, an inherent risk that will likely never be totally eliminated. Carriers have long warned that fraud ultimately causes them to raise premiums to offset resultant losses, but during periods …

Agents, Would-Be Agents and Educators Fall Under TDI Scrutiny

Late January and early February enforcement actions taken by Texas Insurance Commissioner Jose Montemayor included license revocations, suspensions, denials, and related fines assessed upon numerous agents, would-be agents and at least one insurance continuing education provider in the state. Billy …

Approval of State Farm HO-W Policy Applauded

State Farm Lloyds, the Dallas-based property insurance unit of State Farm Insurance Companies, received approval from the Texas Department of Insurance (TDI) to sell its nationwide homeowners policy, the HO-W, in Texas, and industry observers wasted no time in welcoming …

Using Technology and Understanding Technology are 2 Different Things

Have you read an article or brochure lately about insurance technology and came away overwhelmed by the fact that you don’t understand XML, SPX, .NET and SOAP? Don’t let it bother you. As an agent, you should not be expected …