Compliance Costs of SOX
The Sarbanes-Oxley Act, or SOX, has its challenges and benefits for corporate America. Gary Brown, a shareholder in the Nashville, Tenn., and Washington, D.C. offices, of Baker Donelson, says SOX has made corporate directors and senior executives much more attuned to the details. In this interview with Insurance Journal’s Andrea Wells at a PLUS meeting in late 2007, Brown discusses the benefits of SOX and the high-cost of compliance with SOX’s section 404.
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Markets in Motion: Going Green
One of today’s biggest insurance trends is green insurance as businesses look at ways to become more sustainable and cut costs. According to underwriters, the regulatory environment for green is changing dramatically as well. For example, the Securities and Exchange Commission (SEC) is requiring publicly traded businesses now disclose their climate risks and what they’re [...]
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Social Networking is not a Silver Bullet
Listen to agency owner Claudia McClain explain why even in today’s social media world success involves more than just putting up a Facebook Fan Page. Claudia explains how her agency has continued to grow and prosper even in this difficult economic time. Her secret – an agency culture built around strong customer service and a [...]
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How Green Roofs Are Changing Insurance Claims
Commercial roofing, already complicated, is getting more so as new types and materials are being introduced. Kenneth R. Gilvary, a senior engineer with Dallas-based Haag Engineering, specializes in assessing roof losses for insurers. Gilvary says claims professionals need to keep up with how green technology, including vegetative rooftops, and new building standards are changing the [...]
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Fast Food Chain Battles Fraudulent Claims
Based in San Diego, Jack in the Box Inc. was founded in 1951 and is the first major fast-food chain that started as a drive-thru. Today, it has approximately 43,000 employees with more than 2,200 quick-serve restaurants in 18 states. In this episode, Jack in the Box deputy general counsel of 12 years, [...]
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Get Smart About Insuring Intellectual Property
The Internet makes it easier to get into business but it also makes it easier to steal others’ ideas. The Web is also expanding the notion of what materials, images and designs need to be protected. Intellectual property attorney David Branfman advises agents on questions to ask clients about intellectual property exposures and warns about [...]
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Risk Management’s a Priority for Moving Company
Moving companies face a number of exposures in their daily operations, including workers compensation, cargo, fleet and general liability. Priority Moving in San Diego, Calif. is no exception. A Wheaton Van Lines agent, Priority Moving has created a series of internal procedures, reinforced by a strong employee screening process and training program. Analytics software [...]
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CEO Motamed Says Changes Underway at CNA
Thomas Motamed joined CNA Financial as Chairman and CEO in January, 2009 after 30 years at Chubb Corp. In this interview, he talks about the changes he has in store at CNA.
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Professional Liability Underwriters — Be Wary of the Future
As the professional liability market sits in the midst of a soft market, there are current events and potential liabilities that underwriters should be paying close attention to, says Bruce Eisler, vice president of Liberty International Underwriters. Underwriters need to be cognizant of the environment risks and be wary of what litigation costs could be [...]
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James L. Weidner to Receive City of Hope’s 2009 “Spirit of Life” Award
James L. Weidner, Chief Executive Officer of Cooperative of American Physicians, Inc., is the 2009 Spirit of Life Award honoree for City of Hope hospital. City of Hope is one of the best cancer research and treatment facilities in the world, and the Spirit of Life Award recognizes “outstanding philanthropic commitment”. In this interview, James [...]
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