The economic recession is affecting all main street businesses, and has led to an increase in insurance fraud. In this exclusive interview with Insurance Journal at the 2009 National Association of Insurance Commissioners Insurance Fraud Training Seminar, Senior Special Agent Mike McKee of the National Insurance Crime; Director of Government Affairs Howard Goldblatt of the [...]
The National Insurance Crime Bureau estimates that approximately $20 billion is lost to insurance fraud every year. NICB Senior Special Agent Mike McKee talks about new fraud trends his agency has seen, in part as a result of the economic downturn.
Fighting insurance fraud is a job that falls on state insurance departments. In this exclusive interview, Howard Goldblatt, director of government affairs for the Coalition Against Insurance Fraud, talks about states’ efforts to fight fraud, and the need for national fraud standards.
Independent agents can help in the fight against insurance fraud, according to speakers at the 2009 National Association of Insurance Commissioners Insurance Fraud Training Seminar. In this exclusive interview with Insurance Journal, Fraud Bureau Chief Cindy Schmell of the Iowa Division of Insurance and Anti-Fraud Division Director Ted Clark of the Kansas Department of Insurance [...]
Tom Mulligan, executive vice president of Western World Insurance Company, talked with Insurance Journal’s Chris Boggs about the soft market and the continued importance of excess and surplus lines carriers and brokers. Mulligan relates the differences between this soft market compared to past soft markets pointing out that no two are ever alike; but, just [...]
Excess and surplus lines brokers have long been subjected to confusing tax regulations sometimes leading to their unintentional violation of state laws. Tom Mulligan, executive vice president of Western World Insurance Company, sat down with Insurance Journal’s Chris Boggs to discuss how the Non-admitted and Reinsurance and Reform Act of 2007 would fix these problem [...]
The property/casualty industry has its times of boom and bust. How are surplus lines brokers in particular affected by this and what can they do to remain profitable? E.G. Lassiter, chairman and CEO of Atlanta-based RSUI Group Inc., answers that and other questions in this interview with Insurance Journal’s Andrea Wells at the recent National [...]
Proponents of federal regulation say the recent $85 billion bailout loan for American International Group demonstrates the need for federal oversight of the insurance industry. But in these exclusive interviews with Insurance Journal’s Ken St. Onge, top regulators from Wisconsin, Maine, Pennsylvania, Ohio and Florida argue that the reason AIG remains is because its insurance [...]
The soft market is here again and an over supply of capital is the main reason for the market’s turmoil, says Skip Cooper, president of AmWins Group Inc. In this interview with Insurance Journal’s Mark Wells at the recent NAPSLO Annual Convention in San Diego, Cooper says that while the capital is a bit more [...]
Cash flow problems have nearly crippled mega-insurer American International Group in recent weeks, forcing the company to take an $85 billion loan from the federal government. Now, attention remains focused on how AIG’s problems will affect insurers in individual states. Recently, the top insurance regulators from Kentucky, Mississippi, Oregon, Arizona and Connecticut sat down with [...]
To be successful in a soft market, carriers, wholesale brokers and retail agents must enhance their focus on customer service, says Michael Miller, president and chief operating officer of Scottsdale Insurance Co. In this interview with Insurance Journal’s Andrea Wells at the recent NAPSLO Annual Convention in San Diego, Miller says service and speed top [...]
The tough economy and foreclosure crisis presents both challenges and opportunities for the excess and surplus lines insurance market. In this interview with Insurance Journal’s Andrea Wells at the recent NAPSLO Annual Convention in San Diego, Alan Kaufman, chairman, president and CEO of Burns & Wilcox Ltd., discusses opportunities for the E&S industry in today’s [...]
A perfect storm could be in the industry’s forecast should the impact from the subprime fallout, natural disasters and carrier reserve redundancies converge later this year, says Paul Springman, president and chief operating officer of Markel Corp. In this interview with Insurance Journal’s Andrea Wells, Springman says that while he remains optimistic about the future [...]
The directors and officers liability market has been impacted by a number of events in the last decade, including issues arising from the sub-prime lending meltdown. While the impact of today’s mortgage crisis on the D&O market remains to be seen, Carl Pursiano, Senior Vice-President for Liberty International Underwriters, says the industry is well-prepared to [...]
Employers today, large and small, face big risks from employment claims such as discrimination and wrongful termination. At a PLUS conference held last year, Richard Rupp, senior vice-president of Professional Indemnity Agency, sat down with Insurance Journal to discuss employer risks; some new, and others not so new. While many businesses do not purchase employment [...]
Certified Restoration Drycleaning Network (CRDN) is a textile restoration organization specializing in laundry and drycleaning services for the insurance industry. In 2006 CRDN was invited to participate in “Extreme Makeover: Home Edition“, a hit show on ABC-TV. Four years later, CRDN has participated in 87 episodes in 40 states. In this interview with Claims [...]
Commercial roofing, already complicated, is getting more so as new types and materials are being introduced. Kenneth R. Gilvary, a senior engineer with Dallas-based Haag Engineering, specializes in assessing roof losses for insurers. Gilvary says claims professionals need to keep up with how green technology, including vegetative rooftops, and new building standards are changing the [...]
With a database of nearly a million wholesale base prices of horticultural assets and a nationwide network of certified arborists and licensed and insured tree crews, Horticultural Asset Management Inc. specializes in helping insurers come up with the replacement cost for lost trees, shrubs and other landscape assets. In this interview with Claims Journal, HMI [...]
Commercial roofing, already complicated, is getting more so as new types and materials are being introduced. Kenneth R. Gilvary, a senior engineer with Dallas-based Haag Engineering, specializes in assessing roof losses for insurers. Gilvary says claims professionals need to keep up with how green technology, including vegetative rooftops, and new building standards are changing the [...]
With a database of nearly a million wholesale base prices of horticultural assets and a nationwide network of certified arborists and licensed and insured tree crews, Horticultural Asset Management Inc. specializes in helping insurers come up with the replacement cost for lost trees, shrubs and other landscape assets. In this interview with Claims Journal, HMI [...]
Certified Restoration Drycleaning Network (CRDN) is a textile restoration organization specializing in laundry and drycleaning services for the insurance industry. In 2006 CRDN was invited to participate in “Extreme Makeover: Home Edition“, a hit show on ABC-TV. Four years later, CRDN has participated in 87 episodes in 40 states. In this interview with Claims [...]
With over 600 courses and 24/7 access online, Vale Training Solutions provides quality instructors to anyone desiring improved job skills or a change of careers. In this interview with Claims Journal, Vale Training Solutions president Jon McCreath explains the qualifications for his school, the advantages of online training, and what he thinks about the current [...]
President Bush’s proposal to increase taxes on millions of Americans with comprehensive health insurance….Lloyd Doggett Henry Paulson Congress Bush health care tax increase
Why would someone write a book about insurance automation standards? Because they’re important,
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The climate has changed for the insurance industry, says Washington Insurance Commissioner Mike Kreidler, who thinks insurers can’t continue to walk away from tough markets but must get involved in mitigation, building codes and climate change. He spoke with Insurance Journal’s Andy Simpson last fall.