LONDON (Reuters) - Hopes BP can settle early out of court on liability for its 2010 U.S. Gulf oil spill looked forlorn on Wednesday after U.S. prosecutors laid out a legal case for gross negligence on which tens of billions of dollars hang. read more..
Tuesday, September 11, 2012
Thursday, September 6, 2012
Vehicles “Held Hostage” by Towing Companies; Ransom Set for Half-Billion a Year
PCI report exposes high cost of abusive towing and storage in U.S.
The National Highway Traffic Safety Administration records approximately 16 million traffic crashes in the U.S. each year, resulting in 10.9 million tows. Expenses related to towing and storage of these vehicles in 2010 was $412 per claim, or about $4.5 billion a year. It follows that abusive towing practices can cause major insurance headaches. read more..
Wednesday, September 5, 2012
6 Agency Lessons I Learned in the Army
As a property and casualty insurance agency co-founder, I apply lessons I learned while serving in the U.S. Army. Some lessons are general in nature, such as the need for discipline, personal accountability, orientation on team goals, a clearly defined mission and state-of-the-art tools. Others are more specific. read more..
Tuesday, September 4, 2012
Bring Home The Gold
What Claims Organizations Can Learn From the Summer Olympics
The U.S. again has garnered worldwide acclaim for success in the 2012 London Olympic games. While there were some questions early on about Lady Liberty’s ability to outperform the Chinese, there was no doubt in the end as to the prowess of our nation’s Olympic athletes. read more..
Monday, September 3, 2012
Remembering Hurricane Andrew: 20 Years Later -- Slideshow
Twenty years ago on Aug. 24, Hurricane Andrew landed in Florida and taught the insurance industry lessons it still adheres to today. The industry had underestimated the power of Mother Nature and in doing so, felt it was prudent to provide coverage for an inordinate amount of coastal property. read more..
Sunday, September 2, 2012
Top 10 Stolen Cars in 2011: NICB Hot Wheels List
The National Insurance Crime Bureau (NICB) named the top 10 most stolen vehicles in the country in its annual Hot Wheels list. The report examines vehicle theft data submitted by law enforcement to the National Crime Information Center and then determines the vehicle make, model and model year most reported stolen both nationally and by state. read more..
Saturday, September 1, 2012
Mind Over Meds
Meditation may help in reducing the rising costs associated with using narcotics to manage long-term pain from on-the-job injuries
The overuse of opioid therapy in the U.S. to treat chronic pain is reaching an “epidemic” level, according to the American College of Occupational and Environmental Medicine. read more..
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