Monthly Archives: <span>July 2005</span>

New Markets

Outsourcing Coverage Nuts & Bolts: Lexington Ins. Co., a member company of American International Group, launched Outsourcing Protector, a new property insurance offering designed to help companies address the risks of domestic and overseas outsourcing. Outsourcing Protector, an endorsement to …

Time Management for Insurance Agents or

Being busy is never a chore for insurance agents and producers. Being productively busy is the challenge. During a consultancy that spans 25 years, I have had the privilege of visiting well over a thousand agencies, observing the differences between …

News Briefs

WASH. WORK COMP BENEFITS SEE INCREASE OF 0.6%: Workers currently receiving Washington workers’ compensation time-loss or pension benefits will receive a 0.6 percent cost-of-living increase effective immediately. State law requires that maximum time-loss benefits and pensions be recalculated each July …

Alliance Files Court Briefs On Behalf of Agents, Brokers in E&O Case

The American Agents Alliance has filed two briefs with the California Supreme Court in an attempt to protect insurance producers from fallout resulting from a recent Appellate Court ruling. On June 30 the state Supreme Court announced it is extending …

Oxnard Agency Owner Corbett Passes Away

Bob J. Corbett, co-owner and founder of R.J. Corbett Insurance Services in Oxnard, California, passed away on June 18, 2005 due to injuries sustained in a fatal motorcycle accident at the age of 45. Corbett founded Oxnard-based R.J Corbett Insurance …

Business Moves

State Fund Withdraws Plans for Home Office Expansion California’s State Compensation Insurance Fund has announced it has decided to not move forward with the plans for the construction of a new office building adjacent to its headquarters at 1275 Market …

With or Without TRIA, Terrorism Still Top Concern for Industry

The insurance industry expressed its disappointment over the June 30 release of the Treasury Department’s report announcing its recommendation to oppose the renewal of the Terrorism Risk Insurance Act by Congress in its current form. TRIA is set to sunset …

When It Comes to Employee Benefits, Small Businesses Are Coming of Age

Stereotypes to the contrary, today’s small businesses have caught up with-and in some cases, outpaced-their larger peers when it comes to the quality and diversity of employee benefits offerings. According to MetLife’s recently released Employee Benefits Trend Study, more than …

Compensation Study Shows More Agencies Hiring Risk Managers

Larger insurance agencies today are more likely than not to employ a director of risk management, a claim specialist and a loss control specialist, according to Business Management Group Inc.’s 2005-2006 Non-Producer Compensation & Benefits Survey. The survey found signs …

Eight Cars Get Top Ratings in Insurance Industry Crash Tests

Five large family passenger cars and three large luxury models have earned top ratings in frontal crash tests by the insurance industry. The highest ratings in the tests went to 2005 family vehicles such as the Buick LaCrosse, Chrysler 300, …