Wednesday fun for Insurance Professionals
January 7th, 2010
Your intrepid Guide, always looking for material and relevant news about business insurance, came across something that only true insurance gurus and geeks (ahem, professionals) would enjoy. It is mid-week, after the holidays, and seems to be a good time to post about something entertaining.
Hulu.com posted a movie made in 1936 called “Lloyd’s of London.” Yes, it is a movie about the founding of Lloyd’s. Tyrone Power plays Jonathan Blake and through war and romance he helps establish Lloyd’s. As a history buff, I can tell you that the movie is only loosely based on real events.
Tags: Insurance, Insurance Professionals
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Hanover names former AIG executive to financial post
January 4th, 2010
Mr. Bensinger has held several leadership positions in the insurance industry during his 30-year career, including senior roles with Chartwell Re Corp., Trentwick Group Ltd. and Combined Specialty Group Inc. He joined AIG as vp and treasurer in 2002, was appointed executive vp and CFO in 2005, and left AIG in 2008.
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The Hartford Helps Women Recovering From Breast Cancer
January 4th, 2010
The Hartford, celebrating its bicentennial this year, is providing sponsorship to an organization known as Casting for Recovery. With these funds, the non-profit will be able to expand its current 27 state program to all 50 states.
The idea is that “casting,” or fly fishing is a form of mental and physical therapy. Casting for Recovery was started by a breast surgeon who loved fly fishing and who recognized both the physical and emotional benefits the sport and its natural setting can provide to women in recovery. Two-and-a-half day retreats combine fly fishing lessons as well as counseling and education and are provided at no cost to participants.
The Hartford has been a primary sponsor since 2006.
Tags: Hartford, Hartford Helps
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Board Members & Directors Liability Insurance
January 1st, 2010
With the US economy in the middle of the worst financial crisis since the Great Depression, company leaders are being looked at to not only help the company stay afloat, but also as to whether or not they’re doing the right thing legally. As more and more board members and directors of companies are exposed for fraudulent activities such as wrongful acts or errors and omissions, now is the time to make sure you are not only doing what’s best for your company, but also that you stay protected in the event that you are wrongfully accused of such acts.
This is why board member and director liability insurance plans are so crucial to have because as legal costs of defending yourself balloon, you will have the coverage to back you up. No
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Interview Thank You Note Tips
December 30th, 2009
When you go on a job interview, it is absolutely essential that you send a thank you note to the potential employer. This is usually a simple handwritten note of thanks for them taking the time to interview you and consider you for the position. It is also an opportunity for the employer to see your name again, and that is always a good thing. Here are several tips for interview thank you notes that you can use the next time you apply for a job:
First and foremost, it is important that you take the time to write the note by hand. Sending a thank you note that is not handwritten comes across as rushed and insincere.
Tags: Note, Note Tips
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Property/casualty sector recovering: Moody’s
December 29th, 2009
The recovery in 2009 “follows a very poor year in 2008, and it occurred in spite of a weak pricing environment for all insurance products,” New York-based Moody’s said in a statement.
The rating agency cautioned, however, that significant challenges exist for the industry as it moves into 2010.
There is little evidence of a potential turn in the pricing cycle, so revenue declines are highly likely while investment volatility remains high “in light of the fragile state of the economy and capital markets,” Moody’s said in the statement.
The report, Deterioration in U.S. P&C Insurance Seen in Key Financial Ratios, is available at www.moodys.com.
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