Archive for January, 2010
Two Senate Democrats oppose health care strategy
January 25th, 2010
Democratic leaders said they were in no hurry to make a decision on how to proceed on a health care overhaul and did not expect specific guidance from President Barack Obama when he delivers his State of the Union address Wednesday.
“We’re trying to figure out what is possible,” said House of Representatives Democratic leader Steny Hoyer, D-Md.
Tags: Care, Health Care
Posted in Insurance General | No Comments »
Fire Suppression Contractor Liability Insurance
January 25th, 2010
If you work in an industry that involves testing various fire protection systems, you should look into fire suppression contractor liability insurance. Some qualifying businesses can include:
- Automatic Fire Sprinkler Contractors
- Fire Extinguisher Sales & Service Companies
- Restaurant & Special Suppression System Risks
- Fire Alarm/Burglar & Security System Installers
- Fire Equipment Distributors/Fire & Emergency Apparatus Dealers
If you work within this industry, protecting yourself from the dangers of working with fire suppression is critical.
Tags: Contractor Liability, Contractor Liability Insurance, Insurance, Liability Insurance
Posted in Insurance General | No Comments »
Become Flo’s Friend!
January 24th, 2010
Love the commercial or hate the commercial, Progressive Insurance’s “Flo,” the quirky girl selling insurance at the “Insurance Superstore,” is a very successful marketing campaign for Progressive.
Now you can be a part of the campaign!
Progressive is running a contest to find a helper for Flo. The winner gets to appear in a commercial and gets a free trip to Los Angeles, CA, for a live audition with Flo. Details can be found at helpflo.com. There you can upload your video entry.
Or, you can attend public auditions at:
- The Metropolitan Pavilion in New York City on Jan.
Posted in Insurance General | No Comments »
Senator questions severance for former AIG legal chief
January 16th, 2010
In a Jan. 15 letter to the U.S. pay czar Kenneth Feinberg, Sen. Grassely cited recent media reports indicating that Anastasia Kelly will receive between $2.8 million and $3.8 million in severance following her resignation on Dec. 30, 2009.
Ms. Kelly—who was executive vp, general counsel, and senior regulatory and compliance officer for AIG—resigned at the end of the year in protest of the pay limits Mr. Feinberg last year imposed on AIG executives. In a statement earlier this month, AIG said Ms. Kelly resigned for “good reason” under the terms of AIG executive severance plan.
Sen. Grassely asked for several pieces of information, including Ms. Kelly’s
Tags: Severance, Severance Former
Posted in Insurance General | No Comments »
Earthquake in Haiti
January 14th, 2010
The catastrophic earthquake in Haiti this week is even more devastating because the country has little to no history of insurance or risk management. The country is identified as the poorest in the Western Hemisphere. Some multinational corporations have interests there, but beyond those companies, it is unlikely that a small, local, family businesses possesses any insurance to help in rebuilding.
An article in the Wall Street Journal this week notes that, as of Wednesday, only German reinsurer Hannover has stated it has any exposure. While this may be good news for the international insurance market, it points to a significant underlying problem in burgeoning economies: the absence of private insurance.
Tags: Haiti
Posted in Insurance General | No Comments »
Tips for Teamwork in the Workplace
January 13th, 2010
As a manager, one of the most important parts of your job is fostering teamwork in the workplace. While certainly teamwork comes naturally to a great many people, it still pays to know how to bring it out. Also, there are some people who are not naturally inclined to use teamwork. Knowing how to get the best out of these people can mean the difference between a good and great job done. Here are some tips for teamwork in the workplace that any manager can use:
Teamwork in the workplace starts with getting your team to buy in to the idea. Showing them the benefits of using teamwork can be eye opening.
Tags: Workplace
Posted in Insurance General | No Comments »
Court sides with insurer in coverage exclusion case
January 13th, 2010
Insurers and plaintiffs attorneys filed amicus briefs in the case of Tayarie Trayshaun Baker vs. National Interstate Insurance Co. et al. The case stems from an April 2001 bus collision that claimed the life of bus owner and driver La Shaun Clemmons.
In 2000, Ms. Clemmons purchased a bus from Four Winds Day Camp Inc., an Inglewood, Calif., bus company now called Four Winds Inc. Four Winds had coverage under a CGL policy issued by American National Fire Insurance Co. that included a widely used products and completed operations hazards exclusion, court records show.
Four Winds also contracted to inspect the bus it sold to Ms. Clemmons.
Following Ms.
Tags: Case
Posted in Insurance General | No Comments »
Geithner: Right to pay AIG counterparties at par
January 12th, 2010
“Absolutely,” Mr. Geithner replied to a question from a CNBC television interviewer, though he specified that he had not been involved in a New York Federal Reserve bank decision for AIG to make the payments at par.
“We had no effective legal means to step in and prevent default (of AIG) … without helping this firm meet all its legal obligations,” he added.
For reprints of this story, please contact Lauren Melesio at 212-210-0707 or email lmelesio@crain.com
Post a comment
Tags: Aig, Aig Counterparties
Posted in Insurance General | No Comments »