Yearly Archives: <span>2007</span>

Declarations

Minnesota bridge fund “I think the message is that Minnesotans … had a tremendous emotional and generous outpouring in response to the disaster.” — Chris Langer, vice president of communications for the Minneapolis Foundation, one of the organizers of the …

Catastrophes: The time to act is now

Two years have passed since America’s most shocking wake-up call regarding the devastation that follows the force and fury of Mother Nature. Since that time, a variety of legislative proposals have been offered at the state and national levels to …

Catastrophes: There is no free lunch

Since the devastating hurricane seasons of 2004 and 2005, some Florida politicians and a few insurers have claimed that the private insurance industry cannot pay for natural disaster losses without the support of a system of state and federal natural …

Need for lawyers PL coverage increasing

The perils facing employed lawyers have increased substantially in the past five years. Attorneys should know better than anyone, other than perhaps insurance professionals, about the perils that exist and the value of professional liability coverage. Oddly enough, there are …

People and Places

The Progressive Corp.in Mayfield, Ohio, is consolidating management of its two distribution channels for personal lines. Since 2000, Progressive’s personal lines segment has been organized into two businesses — the agency business and the direct business. The company said it …

The subprime mortgage mess and the professional liability insurance industry

The collapse of the subprime mortgage lending industry has dominated headlines, led to turmoil in the credit and financial markets, and left the residential real estate marketplace in disarray. It also has generated waves of litigation, with the lawsuits pointing …

My New Markets

Medical Staffing Professional Liability Nuts & Bolts: International Excess Agency Inc. is offering claims-made allied health care stand alone professional liability insurance. A PL/GL combo program is also available. Dollars: $100,000 to $10 million. Carrier: Lloyds of London rated “A” …

It Figures

65 New U.S. census figures show that the Twin Cities of Minneapolis/St. Paul rank fourth in the nation in the percentage of seniors working past age 65. Of Twin Cities residents in their late 60s and early 70s, more than …

Officials in Midwest seek Federal aid after August storms

Flooding concerns continue to plague states in the Midwest after the latest round of high winds, tornadoes and heavy rain in late August. Some state officials are seeking federal aid to help homeowners and businesses get back on their feet. …

Knapp Joins IJ-Midwest

Lauren Knapp recently was named Midwest sales manager for Wells Publishing, publisher of Insurance Journal. Knapp brings a wealth of print, conference and online sales experience to Wells Publishing. She previously served as an advertising account manager at Ball Publishing, …