Pay Owners for What They Do!
Owners are the firm’s leaders and need to set the right example and tone for the rest of the people in the firm. If they do not set their compensation based on what they are each doing, resentment can occur …
New Jersey Tells Drivers: No Smiles Allowed in License Photos
New Jersey motorists have another reason to frown about their driver’s license photos. The state has banned motorists from making big smiles because such expressions don’t work with facial recognition software. The facial recognition technology is used to scan 18 …
Is Long-Term Care Insurance Dying?
Poor results in the long-term care insurance sector have led many providers to exit the market, leaving its future uncertain, Moody’s Investors Service says. Moody’s report, “Long-Term Care Insurance: Sector Profile,” says despite the need for non-medical coverage by an …
End of the Year Financing Options to Consider
It is approximately four weeks before the Presidential election. There is a very good chance that an insurance agency principal will wake up on Wednesday, November 7, and suddenly realize that it is time to sell or perpetuate the agency …
Poll: Americans Do Not Expect Total Repeal of Health Care Law
They may not like it, but they don’t see it going away. About 7 in 10 Americans think President Barack Obama’s health care law will go fully into effect with some changes, ranging from minor to major alterations, an Associated …
Reinsurers, Capital Markets: Competitors or Complements?
Investments from the capital markets in various forms now provide around 14 percent of the total capital dedicated to providing reinsurance – approximately $35 billion [$17 billion in cat bonds] out of $250 billion. The question remains whether this poses …
Midwest in the Middle for Cost of Employees
In the United States, employer costs for employees in private industry range from $26.14 per hour in the South to $32.98 in the Northeast. According to U.S. Bureau of Labor Statistics, the same costs are $28.06 in the Midwest and …
There Must Be Coverage Somewhere
Your client, a tenant in a local strip mall, signs a five-year lease with an option to renew. The lease contains the following language: Lessor shall pay property insurance premiums on the leased premises including the personal property in a …
ACE USA Expands Health, Managed Care Privacy Protection
ACE USA, the U.S.-based retail operations of the ACE Group, has introduced the privacy and network security liability endorsement to both the healthcare facilities and managed care organization policies. This endorsement is designed to complement ACE Medical Risk’s professional liability, …
Tax Group Sues to Block Calif. Firefighting Fee
A taxpayer group, joined by plaintiffs throughout California, has filed a lawsuit seeking to block a fee that is being assessed on more than 800,000 property owners to raise money for fire prevention. The Howard Jarvis Taxpayers Association is seeking …