$140 billion federal asbestos fund advances Supporters of federal legislation to create a $140 billion trust fund for victims of asbestos exposure won a critical victory earlier this month when the bill was approved to go the full Senate for …
An Oklahoma County jury on Feb. 8, 2006, found former Oklahoma Insurance Commis-sioner Carroll Fisher guilty on one count each of embezzlement and perjury. The 12-member panel, which deliberated about two hours after less than two days of testimony, recommended …
There often are not many incentives for agents and brokers to calculate accurate property and business interruption values. When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the …
Prompt adoption by agencies of the technology is important because the companies and vendors are closely monitoring agency usage in deciding whether to invest in it further. Imagine going online to receive competing rates for an account from multiple carriers …
Catastrophe funding big on the radar screen for 2006 Some 60 to 70 percent of the estimated $4.7 billion in insured losses caused by Hurricane Rita in September 2005 occurred in Texas. The state experienced 188,000 claims, representing $2.1 billion, …
It is context that helps employees think through complex problems in the absence of their seniors. Editor’s note: This is the fourth in a continuing series of articles offering “best practices” suggestions for the hiring process including training in the …
Louisiana Insurance Commissioner Robert Wooley announced he would step down as commissioner Feb. 15, 2006, leaving the office he has held since 2000. Although he is returning to the private sector, Wooley indicated he plans to remain active in the …
New Markets Enhanced Partial Loss Settlement Nuts & Bolts: National Lloyds Insurance Company and American Summit Insurance Company have a new enhanced partial loss endorsement for the HO-8 homeowners form. It provides replacement cost coverage on partial losses to the …
Three Texas agencies make ’50 Best Companies’ list Three independent insurance agencies were among the “50 Best Companies to Work for in Texas” honored at a luncheon hosted by the Texas Association of Business, Texas Monthly magazine and the Society …
Any activity done ouside the office is always better than doing something in the office. Like many of you, I started my insurance career with an empty desk and a phone. Over the years I have learned some tips or …
