November 2010

New Premium Comparisons for Personal Auto Insurance

…at this time in the State of Ohio only… Ohio Department of Insurance Director Mary Jo Hudson announced a new online tool designed to educate and assist Ohioans in finding auto insurance that fits their needs. The Auto Insurance Sample Premium Calculator, available at www.insurance.ohio.gov, can be used to compare sample premium quotes voluntarily provided by participating insurance companies as well… Read More »New Premium Comparisons for Personal Auto Insurance

New CEO at California State Fund

California’s State Compensation Insurance Fund has named Tom D. Clark as its chief operating officer. Clark, who assumes his new role on December 1, will replace Harrison D. Jerome, who retires at the end of the year. Clark, a 30-year veteran of the workers’ compensation insurance carrier, will oversee marketing, safety, and field operations, as well as purchasing inhis new… Read More »New CEO at California State Fund

Technology That Belongs to You

The Texas Department of Public Safety announced that Texas drivers can now order their driving records online and print them out immediately instead of waiting to have the record mailed to them. “We are pleased to offer this new service, which is available 24/7 to our customers. The convenience of ordering your driver record online and then printing it out… Read More »Technology That Belongs to You

Mars Attacks…

Insurance agent and broker groups criticized an interim final rule issued Monday that would include agent and broker commissions in calculating an insurer’s medical loss ratio under the new health care reform law. The interim final rule by the Department of Health and Human Services implements the reform law’s medical loss ratio rules that require insurers underwriting individual and small-group… Read More »Mars Attacks…

Employees Who Shop at Work Pose Increasing Risks For Employers

The good news: your employees likely won’t be using quite as much work time to shop online for holiday gifts this year. The bad news: those who do are increasingly willing to engage in risky behavior using your company’s computers. These risky behaviors could make your company vulnerable to attacks from computer viruses, phishing scams and malware attacks, according to… Read More »Employees Who Shop at Work Pose Increasing Risks For Employers

Insurance Industry Loosing Jobs

The U.S. insurance industry shed 6,000 jobs in September compared with August, according to a report by the Insurance Information Institute based on data by the U.S. Labor Department’s Bureau of Labor Statistics. Despite upticks in insurance industry employment in June and August of this year, the III said seasonally unadjusted insurance industry employment dropped to 2.17 million in September,… Read More »Insurance Industry Loosing Jobs

New Hotel and Casino Programs

Venture Insurance Programs, a national program administrator has launched Concierge, a hotel insurance program, and SafeBet, a casino insurance program, both offering all lines of coverage. Concierge provides all lines of coverage for hotel management companies and boutique hotels, as well as mono-line Workers’ Compensation for general hotel properties. The program is designed for multi-location hotels, hotel management companies, large… Read More »New Hotel and Casino Programs

New Milestone of Cyber Crime

Complaints about Internet crimes have reached a milestone. On Nov. 9, the Internet Crime Complaint Center (IC3) logged its 2 millionth consumer complaint alleging online criminal activity. The IC3, a partnership between the FBI and the National White Collar Crime Center, became operational in May 2000 and received its 1 millionth complaint seven years later, on June 11, 2007. It… Read More »New Milestone of Cyber Crime

Telematics Helps to Reduce Crashes

A report from Zurich Financial Services Group concludes that trucking companies “could use new technological developments to reduce the costs of crashes in their motor fleets by up to 30 percent.” The report – Insights: Telematics and Fleet Risk Management – analyzes how telematics technology, in conjunction with driver development programs, can help fleet operators take positive steps to improve safety… Read More »Telematics Helps to Reduce Crashes

Broad Equipment Rental, Sales Businesses Coverage

Equipment suppliers often have protection needs that extend beyond the scope of a traditional property policy. Whether a business rents tents and tables for special events, sells industrial machinery or leases high value medical equipment, protecting the equipment while it is in the company’s possession or in use by a customer is vital to the business’s operation. The Hartford Financial… Read More »Broad Equipment Rental, Sales Businesses Coverage