Yearly Archives: <span>2004</span>

Agencies Underpay CSRs, Overpay Producers, Argues Consultant Bates

East News • April 15 “Right on the mark. Problem is that the insurance companies think the agency system would do better to fire all CSR’s and use their call center leaving just producers to sell. Sorry, I’m not buying …

N.C. Supreme Court Upholds Punitive Damages Cap

Southeast News • April 7, 2004 “We need more of these controls on the get rich quick low lifes out there. Other states need to incorporate the same cap, that’s more than enough.” — Weldon “Wally” Wallace, Weatherford, Texas

California Governor Optimistic About Reaching Deal on Workers’ Comp

West News • March 31 “The problem with workers’ compensation in California is that 95 percent of those who are in a position to effect change and reform do not fully understand the system. We look at the “cost drivers”—medical …

Slave Trade Suit Targets Lloyd’s, U.S. Companies

International News • March 30 “These parties obviously want to bring a reparations test case. I think the courts will continue to resist cases in which principals are deceased. All of our descendants were abused by someone, at some time …

St. Paul, Travelers to Merge April 1

National News • March 30 “How about St. Paul Travelers Chubb Hartford Fireman’s Fund Liberty Mutual Zurich?” — Dave Berndt Lancaster, Penn.

Calif. Governor Wants Workers’ Comp Fix in a Week

West News • March 22 “I just wish the governor in my state had the backbone the “Terminator” appears to. Like California, our legislature (and our newly elected governor) is predominantly trial lawyers who have lined their pockets off the …

PCI Urges NAIC to Leave Insurance Scoring to States

National News • March 16 “I have been a State Farm agent 34 years and have a little over 2000 cars insured. Because of credit scoring last year, I was only able to qualify 9 new auto sales for the …

Higher Ed Risk Solutions

Nuts & Bolts: As part of AIG’s Higher Education Risk Solutions, the Educators Elite line offers solutions to cover the distinct liabilities of public and private colleges, universities, junior colleges and trade schools. Coverages include general property, property terrorism, primary …

Community Bank Package

Nuts & Bolts: A new package from the Chubb Group of Insurance Companies can help community banks minimize coverage gaps through an integrated mix of six coverages. Chubb’s ForeFront Portfolio for Community Banks consists of liability coverage for directors and …

Jewelers Lower Cost Cover

Nuts & Bolts: Neenah, Wis.-based Jewelers Mutual Insurance Co. launched a lower-cost insurance policy and an assortment of coverage options specifically tailored for manufacturers, retailers, wholesalers and specialty jewelry businesses. An alternative to the Jewelers Block, the new Jewelers standard …