Monthly Archives: <span>March 2004</span>

Berkshire Hathaway’s Fourth Quarter Earnings Soar; Profits Driven by Insurance Operations

Berkshire Hathaway Inc. reported that fourth-quarter earnings more than doubled, partly due to the company’s $1.7 billion pre-tax underwriting profit from insurance operations, because “that’s where the money is at” commented Chairman of the Board Warren Buffett in his famous …

The Hard Market’s Over … Or Is It’

Surplus lines company executives and wholesalers at NAPSLO responded uniformly with broad smiles when asked about their 2003 results. Although I’ve been around the specialty industry for more years than I care to reveal and now having seen multiple hard …

Workers’ Comp Chief Concern of Most Calif. Small Business Owners

While the state’s economic recovery has not yet reached every part of the business spectrum, 72 percent of California small business owners polled are expecting 2004 to be an overall better year than 2003, according to an annual statewide survey …

Small Businesses are Big Business

According to the U.S. Census Bureau there were 5,652,544 firms actively doing business in the U.S. in 2001, the latest available totals. This doesn’t count the millions of people who are self-employed. 5,036,845 of them employed less than 20 people. …

Terrorism Tops List of Concerns for Workers’ Comp Professionals

Industry executives in the workers’ compensation field from across the nation gathered in Las Vegas Feb. 5-6 for the 5th Annual AMCOMP (American Society of Workers’ Comp Professionals Inc.) Meeting & Conference. The two-day conference featured several panels and seminars, …

PCI Answers Questions on Use of Loss Reports in Nevada

The use of loss history reports on individual dwellings is an important and necessary tool that insurers need to help them underwrite homeowners’ policies in Nevada. That’s the message delivered by the Property Casualty Insurers Association of America (PCI) at …

Handing Off Your Business: Five Ways Agents Can Develop Their Legacy

If you like your customers as much as we like ours, you probably care what happens to them over the long term. When you decide to make a career change or retire, and a family member is not going to …

Model Behavior or Behavior Modeling’ Tools to Put Your Submission on Top

Underwriting risk is a tricky business whether in a hard or soft market. Competence and experience will always be a hard combination to find, but is greatly valued by strong companies. It’s amazing that even the best underwriters base acceptability …

The “Red Flag” That Isn’t There

Starting from an early age, I was always interested in the subject of magic. I would watch the great magicians of the day, read books about Houdini and others, and haunt my local magic shop on Saturday afternoons. It wasn’t …

Survey Reports Organizations at Risk, Unprepared to Secure Data

The Emmes Group, a strategy consulting and market research organization, and NeoScale Systems Inc., a provider of enterprise storage security solutions for the networked storage and data storage management markets, announced preliminary results of an independent survey conducted by The …