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

Fiduciary Liability: The Most Misunderstood of Management Exposures

In the early 1960s, life in the United States was lived at a slower pace. Transportation and communication required more time (and patience) and employees were more inclined to trust employers on issues relating to employee benefits. Yet, it was …

Does Insurance Technology Render Strategy Obsolete’

Imagine you are the manager of a Major League Baseball team. Each year your team makes the playoffs, sometimes the World Series, but you never quite get to hoist the trophy. You’re somehow missing the final push that takes you …

Hurricane Spin-down Coverage

Nuts & Bolts: ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, introduced hurricane spin-down insurance that can be used by the chemical process industry to help reduce the financial costs of closing down plant operations …

Contractors Program

Nuts & Bolts: Victor O. Schinnerer & Company’s contractors program recently released new 2004 editions of its three policy forms: a stand-alone professional liability policy, a stand-alone pollution incident policy, and a combined professional and pollution liability form. The changes …

LEE, MOON CAPTURE IIAJC TITLES:

After four days of intense play and weather delays at Dornick Hills Country Club in Ardmore, Okla., the 36th annual Independent Insurance Agent Junior Classic (IIAJC) concluded recently in thrilling fashion for newly crowned champions, Alina Lee, 14, of Evans, …

OCTOBER EXPERIAN CONFERENCE SET FOR BOCA RATON:

CEO coach Ram Charan, ChoicePoint Chairman and CEO Derek Smith, master motivator Dan Clark and Enron whistleblower Sherron Watkins are among the speakers to headline the Vision 2004 Conference, hosted for the 24th year by Experian, a global information solutions …

ATLANTIC AMERICAN CORP. UNVEILS Q2 REPORT:

Atlanta-based Atlantic American Corp. announced net income of $1.1 million, or $0.04 per diluted share, for the second quarter ended June 30, 2004, compared to net income of $1.2 million, or $0.04 per diluted share, for the second quarter ended …

SOME WEST VIRGINIA FLOOD VICTIMS GET TAX BREAK:

West Virginia residents in the Fayette, Lincoln, Logan and Mingo Counties who suffered damage in the late July severe storms can be exempted from paying some state sales and use taxes. Deadline for this exemption for both the victims of …

SOUTH CAROLINA GOV. NOTES STATE ELIGIBLE FOR FEDERAL FOLLOWING CHARLEY’S VISIT:

South Carolina Gov. Mark Sanford announced that damage to local and state government in South Carolina as a result of Hurricane Charley has met the threshold for receiving federal assistance—topping the $5.1 million mark after Federal Emergency Management Agency (FEMA), …

PCI: Florida Businesses Hit Hard by Charley

Florida businesses appear to have suffered a significant portion of the overall damage from Hurricane Charley, which hit the Sunshine State last month and then proceeded up through the Carolinas, according to the Prop-erty Casualty Ins-urers Association of America (PCI). …