Surplus line producers have benefited greatly from the Gramm-Leach-Bliley Act. Since the act’s passage in 1999, most states have amended their laws to allow for nonresident licenses for surplus line producers. These producers can now, in most cases, eliminate the …
The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) completed its initial review of March 31, 2004 experience submitted by insurers. This summary is based on data reported to the WCIRB by insurers who wrote approximately 98 percent of the …
“With charity for all, … let us strive on to do all which may achieve and cherish a just and lasting peace among ourselves,” Abraham Lincoln. Does this quote from our 16th president suggest that all parties involved in a …
In a code orange New York, the International Association of Industrial Accident Boards and Commissions (IAIABC) took a fresh look at terrorism and its relation to workers’ compensation at its recent 90th Annual Convention. Alfred Weller, consulting actuary with MBA …
Small contractors struggling with workers’ compensation coverage may feel like they’re using a one-pound hammer to knock in a nine-inch nail—swing all you want, you won’t get very far. The nail is indeed large—prices for coverage continue to climb, spiraling …
Insurance company Liberty Northwest gave far more money than it had initially said to a nonprofit group battling its rival, the SAIF Corporation. According to tax returns, Liberty Northwest poured more than $700,000 into Oregonians for Sound Economic Policy, the …
The California Insurance Council (CIC) for City of Hope will honor business and civic leader Max Williamson, president and chief operating officer of Scottsdale Insurance, with The Spirit of Life Award for his exceptional achievements as a business leader, philanthropist …
There’s no doubt that mergers and acquisitions are a booming trend right now. Every day, agencies purchase other agencies; large insurers buy out agencies, brokerages merge together to form a united front against larger companies with more resources … and …
“Regional Spotlight” highlights the products, services, financial strength and agency relationships of regional insurance companies. We have provided this column in order to allow regional insurance companies to disseminate pertinent information impacting the companies, their employees and agents in a …
Sometimes salespeople get so wrapped up in making the sale that they fail to pay close attention to the more immediate issue—how to successfully conduct the first meeting with a potential client. What often happens is that this all-important encounter …
