Eighty percent of employees who were victims of insults or bullying in the workplace lost valuable work time worrying about the incident. Another Business ‘Golden Rule’ It’s one of the golden rules of customer service: Never be rude to a …
Business Moves
Western National, Wisconsin American Western National Insurance Group has finalized its affiliation with Wisconsin American Mutual Insurance Co. of Fond du Lac, Wis. Wisconsin American will continue to operate as a separate entity, with local management provided by James Herrick. …
Supreme Court Decision Limits Non-U.S. Companies’ Exposure to U.S. Securities Litigation
Securities lawsuits against BP and Toyota may be substantially narrowed, thanks to a recent Supreme Court decision. On June 24, 2010, in a long-awaited decision that will affect the circumstances under which non-U.S. companies can be sued under U.S. securities …
Wisconsin Supreme Court Sides with Physicians in Med Mal Trust Fund Fight
The Wisconsin Supreme Court has ruled that the state’s taking of $200 million from the Wisconsin’s Injured Patients and Families Compensation Fund (IPFCF) to help balance the general budget was unconstitutional. The state must now pay back the full amount …
It Figures
$600 Million All 16 private insurance companies that participate in a federal crop insurance program have signed off on the new federal reinsurance agreement that cuts the subsidies they get by $600 million a year for the next 10 years. …
People
Sentry Insurance Co. in Stevens Point, Wis., announced that Peter G. McPartland is joining Sentry as president and chief operating officer. McPartland is a seasoned insurance executive with more than 30 years of experience in the industry, including service with …
Study: Long Haul Truck Collisions Peak in July
A study by San Diego, Calif.-based DriveCam Inc. shows that collisions and near collisions involving long haul trucks peak in July and remain high through the month of November. Using its database of more than 18 million driving events from …
AIG Settles; Agrees to Pay $725 Million to Investors
American International Group Inc. and some of its directors and officers have agreed to a $725 million settlement to resolve allegations of wide-ranging fraud laid out in a class action suit led by three Ohio pension funds. Ohio Attorney General …
2010: A Revolutionary Year for Truckers Insurance
The year 2010 might be considered revolutionary, as it is ushering in more changes for those who provide insurance for truckers than the industry has seen in a decade. Motor carriers, defined as anyone who uses a vehicle that has …
Business Moves
Liberty Mutual Liberty Mutual Group has reorganized its commercial property, casualty and specialty lines insurance units as well as claims and loss control services for the insurer’s national accounts and mid-sized business clients. The new distribution and service organization will …