Yearly Archives: <span>2010</span>

People

Louisiana Workers’ Compensation Corp. (LWCC) President and CEO Kristin W. Wall has been elected to the board of directors of NCCI Holdings Inc., a provider of workers’ compensation and employee injury data and statistics. Wall is among five new board …

Congress’s inability to act leaves many in flood prone areas vulnerable – for the second time this year and the fourth in 12 months’ time. When it rains it pours, as the saying goes. By extension, one could say that …

In Developing Producers, a Little Help From One’s Friends Goes a Long Way

As John Lennon and Paul McCartney could tell you, sometimes you just need a little help from your friends. And in the insurance agency business – where building relationships are key to success – that friend often is more than …

Oklahoma Lawmakers Pass Workers’ Comp Legislation

The Oklahoma Legislature passed four measures that alter the state workers’ compensation system, including one that requires Senate confirmation of Workers’ Compensation Court judges – a proposal that Gov. Brad Henry vetoed last year. The House and Senate sent the …

Arkansas Class Action Suit Against Farmers Union Can Proceed

The Arkansas Supreme Court has affirmed a lower court order certifying class action status in a case involving an insurer’s depreciation practices in property claims against “actual cash value” homeowners policies. In Farmers Union Mutual Insurance Company v. Randall and …

It Figures

$6 Million Attorneys for Lloyd’s of London, which is paying jailed Texas financier R. Allen Stanford’s legal bills, say the company has spent more than $6 million on lawyers from 10 firms to defend him from allegations that he orchestrated …

Business Moves

PURE Risk Management PURE Risk Management LLC, based in White Plains, N.Y., is expanding its Privilege Underwriters Reciprocal Exchange (PURE), a member-owned reciprocal insurer, to offer comprehensive, customized property and casualty insurance coverage to responsible owners of well-built, high-value homes …

Agents: How to Avoid Traps of Selling on Price

The standard homeowners policy is increasingly a trap for consumers. Low rates!” “Lower your premiums!” “Compare and save!” Turn on the TV or search the Web on the term “homeowners insurance,” and you’ll be inundated with offers like these. To …

Declarations

Reauthorization Needed “Congress needs to pass a long-term extension because homeowners living in flood prone regions of the country don’t have anywhere to turn should another major flood occur during this Congressional recess.” —Blain Rethmeier, spokesman for the American Insurance …

Who’s Getting Sued in Securities Class Action Lawsuits Now?

Financial Services and Life Sciences Companies Should Be on the Lookout To find out which company will be next in line for one of these insult-to-injury lawsuits, just keep a close eye on the headlines. Securities class action lawsuits are …