The professional liability market may be significantly affected by the increase in frequency and severity of hurricanes, causing greater rating agency scrutiny and changes to evaluation models. “The three recent hurricanes — Katrina, Rita and Wilma — will result in …
Study: Tort reforms reduce med-mal premiums Tort reforms are the best proven instrument for reducing medical liability insurance premium growth, according to a new study conducted by Stanford University Professor Daniel P. Kessler, JD, PhD, who also serves as a …
News Currents Last year wasn’t the busiest year for mergers and acquisitions in the insurance agency and brokerage field, but as concerns over various probes of the insurance industry fade, activity is picking up. Kevin Donoghue, of Mystic Capital Advisors …
Scientists at Cornell University in New York have come across a management strategy for group decision-making that is sure to set the business world buzzing. When 10,000 honeybees hunt for a new home, usually a tree cavity, they have a …
Des Plaines, Ill.-based National Insurance Crime Bureau (NICB) reported that preliminary FBI data shows a 2.1 percent decrease in motor vehicle thefts during January to June 2005 when compared with the same period in 2004. Nationally, this is the second …
Preliminary findings from asimulation project suggest that during Hurricane Katrina the 17th Street Canal levee in New Orleans may have slid on a layer of weak clay just beneath the peat that underlies the earthen structure. Researchers at Rensselaer Polytechnic …
Employment Practices Liability Nuts & Bolts: Rockwood Programs has announced significant changes to its existing employment practices liability insurance policy. The enhanced coverage form was made available to all jurisdictions with the exception of California on April 17, 2006. Among …
The focus of litigations and investigations on electronic documents, particularly e-mails, and the increasing accountability of compliance programs, including record retention, are leading organizations to reexamine their document management. That includes e-mail destruction practices, records management programs, compliance training and …
Willis Group Holdings, the global insurance broker, has named Don Bailey as chief operating officer of the company’s North American business unit. In this capacity, Bailey will work with Mario Vitale, CEO of Willis North America in managing the organization’s …
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 “tricks” that I have used effectively to generate sales. Cold calling was the first lesson …
