Monthly Archives: <span>January 2011</span>

Measuring the Full Impact of Teen Driver Crashes

The impact of teen driver crashes extends far beyond teen drivers’ families and friends, according to a new report. In 2008, more than half a million (681,000) people were involved in crashes where a teen driver was behind the wheel. …

Eastern Shore Consulting Launches Claims Beat Podcast Series with ClaimsJournal.com

Hosted by Eastern Shore’s Bill Garvey, first podcast features Randall Day of FINEOS Chicago, IL – January 25, 2011 – Eastern Shore Consulting, a consulting firm specializing in insurance software selection services, today announced it has joined forces with Insurance …

South Carolina Court Says Insurer Off the Hook for Shoddy Construction

The South Carolina Supreme Court has ruled that insurers are not liable for damages caused by faulty workmanship under a contractor’s commercial general liability policy. In a recent ruling, the high court found that a builder’s insurance company, the Pennsylvania-based …

Supreme Court: Worker’s Protection from Retaliation Extends to Fiancee

The Supreme Court ruled Monday that a federal law barring retaliation against a worker for complaints about on-the-job discrimination also protected the employee’s relative from unlawful dismissal. The high court unanimously ruled for Eric Thompson, who was fired from his …

S&P Could Downgrade Bond Insurers

Standard & Poor’s could downgrade bond insurers by a full category or more if new ratings standards for the sector are implemented and the companies do not raise more capital, the agency said Monday. Bond insurers’ shares fell sharply, as …

AIG’s Benmosche, Responding Well to Cancer Treatment, to Stay as CEO

American International Group Inc. (AIG) said that CEO Robert H. Benmosche’s prognosis for his cancer is such that he is expected to be able to remain in his position at AIG on his previously announced timetable, which would have him …

Business Moves

Combined Agents, Elliott Insurance, HC&H Insurance Austin, Texas-based Combined Agents of America LLC (CAA) has added two new agency members, one located in Kansas and one in North Texas. With the addition of the two new members of the group …

Declarations

2011 Exposures “Exposures will continue the growth we saw in the second half of 2010 as the economy continues its recovery, implying increases in insurance premium volume. Still, the low interest rate climate, which will likely persist throughout 2011, will …

It Figures

$454.5 Million Collections to Oklahoma’s general revenue fund totaled $454.5 million in December 2010. That’s $52 million, or 13 percent, more than December 2009, and nearly $19 million, or 4 percent, above the amount state officials had estimated. State Treasurer …

How to Get a Jump on the New Year

5 Ways Independent Agents Can Begin the Year Poised for Growth Did the distractions of the holiday season take focus off of identifying ways to grow your business in the new year? If so, here are five strategies to help …