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COURT DECISIONS [Rough Notes]

July 12, 2012

Digested from case reports published in Westlaw, West Publishing Co., St. Paul, MN. At the time of the accident, Isaacs was insured by Viking Insurance under a personal automobile policy with limits of $25,000 per person and $50,000 per accident. Anitra Lakes’s policy, issued by Grange Mutual Casualty Company, included underinsured motorist coverage with limits…

LOSS PORTFOLIO TRANSFERS: CONCERN FOR THE TAIL [Rough Notes]

July 12, 2012

Safety National’s LPTs provide the means to clean up a balance sheet. Today’s uncertain economic climate has required that corporations reconsider many of the financial decisions they may have made years ago. “In its simplest form,” according to Michael Kim, loss portfolio manager for Safety National, “an LPT is the transfer of a book of liabilities from an entity…

GOLF AND COUNTRY CLUBS FACING CHALLENGES HEAD ON [Rough Notes]

July 12, 2012

According to research publisher IBISWorld, the golf courses and country club market consists of more than 11,000 businesses, employing a third of a million individuals and generating some $23 billion in revenue. Due to the tough economy, many country clubs are suffering from a loss of members, “explains Mike Flood, senior vice president at Wells Fargo Insurance…

ABOVE ALL, PERSONAL UMBRELLAS OFFER REAL PROTECTION [Rough Notes]

July 12, 2012

According to Mike Bradley, president of PersonalUmbrella.com Insurance Services, the driving force behind personal umbrellas today is pretty much the same as it always has been: “People with assets need to protect themselves.” The threat of lawsuits persists, notes Robert Mackoul, CLU, chief executive officer of The Mackoul Group of Companies. “

BEWARE-EXPANDING DEFINITION OF PROFESSIONAL SERVICES [Rough Notes]

July 12, 2012

From termite inspectors to Web site designers, the list of potentially excluded professionals grows. An example is the problem that confronted a termite inspection company in the case of Yasuda Fire& Marine Insurance Co., Ltd. v. Heights Enterprises, 1998 Guam 5,.

ZEN AND THE ART OF CUSTOMER MAINTENANCE [Rough Notes]

July 12, 2012

And that’s exactly the wrong place for the computer to be, according to the people at Jones& Wenner Insurance Agency, Inc., Fairlawn, Ohio. For them, all technology is a tool that takes over mundane tasks so that every person at the agency can “use their skills and judgment to help clients rather than dealing with tasks that are better handled by our automated systems,”…

Katie Guiou joins Beazley’s small business team

July 12, 2012

Guiou, based in Plano, TX, will be responsible for the company’s private enterprise marketing efforts in the southern region of the United States. With her industry experience, she will be a valuable asset as we continue to refine and expand our business through relationships already established by Valorie in the southern part of the United States, “said James…

AmeriHealth NJ Launches New Mobile App

July 12, 2012

Did you ever get all the way to a doctor visit and realize you forgot your insurance member ID card? Wouldn’ t it be great if you always had your card in your back pocket? “Consumers are receiving information differently than they did five to 10 years ago and the creation of AHNJ On the Go is the result of that trend,” says said Mike Munoz, vice president of sales and…

Eastbridge: Life Insurance Most Profitable Line

July 12, 2012

“Although these products received the highest percentage rating them as very profitable, most carriers surveyed actually classified their products as having average profitability,” explains Eastbridge…

Chartis Enhances its Wildfire Protection Unit® with New Mapping Technology, Expansion into Texas and More Areas of California

July 12, 2012

Chartis today announced enhancements to its Private Client Group division’ s pioneering Wildfire Protection Unit, including geographic expansion and improved monitoring technologies. The Unit now is available to clients in the Texas cities of Austin, Dallas, Ft. Worth, Houston and San Antonio, plus more areas within San Diego, Orange County and the mountain…

Sammons Financial Group Partners With Aplifi For Annuity Eapp

July 12, 2012

Aplifi, a leading provider of Annuity& Life Order Management, Client Management and Electronic Document Delivery solutions for the financial services and insurance market segments, announced today that it has contracted with Sammons Financial Group, Inc. to place the annuity products of Midland National Life Insurance Company on Aplifi’ s A FFIRM for…

MassMutual: Study Reveals Strong Values Lead to Start-up but Lack of Action among Hispanic Business Owners Results in Poor Future Fiscal Fitness

July 12, 2012

The number of Hispanic-owned businesses in New York grew three times faster than all businesses, according to the Office of the New York State Comptroller, generating $18.2 billion in sales in the ten-year period between 1997 and 2007. As New York’ s economic recovery continues to add jobs*, it is clear that Hispanic businesses play a key role.

NFP Announces Acquisition of Fusion Advisor Network

July 12, 2012

National Financial Partners Corp., a leading provider of benefits, insurance and wealth management services, today announced that it has acquired Fusion Advisor Network, a leading provider of practice management and business consulting to independent financial advisors. Fusion will be integrated into the NFP Advisor Services Group helping to further…

Towers Watson appoints Ross Howard as Global Brokerage Leader

July 12, 2012

Global professional services company Towers Watson has appointed Ross Howard as global leader for its insurance and reinsurance brokerage business, effective from October 1, 2012. He will succeed Bill Eyre who, after 14 years in the position, will take on a newly developed role focused on client and market relationship development. Howard, who has more than…

Penn National Insurance Selects Guidewire Solution for Billing Management

July 12, 2012

HARRISBURG, Pa.& SAN MATEO, Calif.—- Penn National Insurance, a property- casualty insurance company, and Guidewire Software, Inc., a provider of core system software to Property/Casualty insurers, today announced that Penn National Insurance has selected Guidewire BillingCenter ® as its new billing management system. BillingCenter will handle both direct and…

Arch Re Europe Facultative Division Opens London Operations

July 12, 2012

The property facultative arm of Arch Reinsurance Europe Underwriting Limited, based in Ireland, has commenced operations in Arch Re Europe’ s new London Branch Office to write an array of excess of loss facultative products. The London Branch Office builds upon the considerable achievements of Arch Re Facultative in the North American market since its…

House Financial Services Subcommittee on Financial Institutions and Consumer Credit Hearing

July 12, 2012

Chairman Capito, Ranking Member Maloney, and Members of the Committee, thank you for the opportunity to testify today on the impact of the home mortgage reforms of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. I am a staff attorney at the National Consumer Law Center. n1 In my work at NCLC, I provide training and technical assistance to…

Ehinger and Whetzel join The Nature Conservancy’s Pennsylvania Board of Trustees

July 12, 2012

Two Philadelphia- area business leaders recently joined The Nature Conservancy’s Pennsylvania Board of Trustees. John Ehinger and Will Whetzel were voted onto the state board of the Conservancy, the leading conservation organization working in Pennsylvania and around the world to conserve the lands and waters on which all life depends.

Mark Farrah Associates Launches New Website

July 12, 2012

Mark Farrah Associates, a leading provider of market data and intelligence solutions for the health insurance industry, is pleased to announce the launch of their new website at www.markfarrah.com on Tuesday, July 3, 2012. The website was redesigned to provide health plans and healthcare vendor companies with more detailed information about MFA’ s health…

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