October 10
Tumbling: ISO/PCI Results for First Half 2011
Tumbling is the operative word, as insurers deal with several catastrophes’ impact. Private U.S. property/casualty insurers’ net income after taxes fell to $4.8 billion in first-half 2011 from $16.8 billion in first-half 2010, with insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus decreasing to 1.7 percent from 6.4 […]
Get On the Bus or Be Left Behind
The insurance business is in a significant period of transition. The world is changing quickly driven by technology and the influence of the younger generations. The change is very evident in personal insurance and it is starting to effect commercial lines as well. There are many folks in our business who refuse to acknowledge this […]
EZLynx Told Me To Go Take a Hike…
…and WHAT a hike it was! Here, let me explain…the last time we spoke I told you that I am now the Regional Sales Manager for Webcetera, providers of EZLynx. Well, being an old timer in this thing of ours but new to Webcetera, the President of our company thought that it would be a good idea […]
Doctor Liable for Patient’s Jewelry Handed Over Before Scan and Then Lost
Plaintiffs have sued defendant seeking to recover $6,970.00, said sum representing the value of plaintiff, Christina J. Rousseau’s, engagement ring that was either lost or stolen while she was undergoing some medical examinations at the defendant’s place of business. Plaintiffs claim that the defendant failed to safely secure her personal belongings while undergoing tests and […]
Amazing
Crooks are amazing! Just last week a group of thieves taking advantage of New York’s no-fault policies (which pays drivers up to $50,000.00 per person for injuries suffered in car accidents was busted by an antifraud team. Operating in east Flatbush, Brooklyn, and Rosedale Queens, these fraudsters recruited doctors to front as owners of clinics […]
Additional Insured and Hold Harmless Agreements Pose Problems
Complying with the additional insured requirements imposed on their insureds and reading the hold harmless agreements those insureds have signed increases the agita of insurance agents and brokers. But, as we reach for the antacid, we want to remember that achieving additional insured status and being indemnified by contractors are vital risk management techniques for […]
