Another Tort Crisis Is Coming, Warns P/C Insurance Economist
When Democrats took control of Congress, an era of tort reforms ended, according to Dr. Robert Hartwig, president and economist at the Insurance Information Institute. In this interview with Insurance Journal’s Andrew Simpson, Hartwig warns that as a result of current politics favoring trial attorneys, another tort crisis is on the horizon.
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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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Steven Young, National Alliance Producers School Aon Scholar
Steven is the recipient of Aon’s National Alliance Producers School scholarship. He started
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Putting Hurricanes In Perspective
Is the industry facing a hard market or business-as-usual? Are first reports of hurricane
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Strategy at CNA Not Tied to AIG
American International Group is, obviously, a large company, and the effects of its recent troubles have been felt throughout the property/casualty Insurance industry. We asked Thomas Motamed, CNA Financial’s CEO and chairman, what he sees as the effects of the AIG troubles.
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January 28, 2010 at 11:53 am