ACORD Workers' Compensation Reporting Committee Announced

June 14, 2011
By Staff Writer

The ACORD Standards Committee (www.acord.org) approved the formation of a new standards program and steering committee for workers' compensation reporting.

The single XML standard will be an alternative to multiple EDI standards in use today. Efforts will focus solely on reporting and on ensuring that the ACORD XML Standard is synchronized with any changes to the EDI standards  read more..

July 4th Holiday

Legislation Intro'ed to Update Tax Code For Inflation

June 16, 2011
By Arthur D. Postal, PropertyCasualty360.com
NU Online News Service, June 16, 2:08 p.m. EST

WASHINGTON—Legislation has been introduced in the House designed to update a tax break for small property and casualty insurers to provide for inflation.  read more..

Filings Underway for ISO’s Predictive Model

June 20, 2011
By Staff Writer

ISO announces that filings have begun for an optional rating rule that uses the output of the by-peril predictive model developed by ISO. The predictive model is known as ISO Risk Analyzer Homeowners. ISO recently began the regulatory filing process and expects to complete the process for several states at a time over the coming months.  read more..

Attorney: Supreme Court Is Helping Insurance Industry

June 16, 2011
By Eric Gilkey, PropertyCasualty360.com
NU Online News Service, June 16, 12:41 p.m. EST

NEW ORLEANS - In his opening keynote address at the ACE America’s Claims Event conference, attorney Stephen A. Cozen said the Supreme Court has become a valued partner of the insurance industry, working to reduce punitive damage awards and reject exposure lawsuits.  read more..

Bars & Restaurants in Fire Class 9 & 10

•  Liquor liability coverage available in most states for restaurants, taverns, nightclubs, private clubs      
     
•  General liability, property, inland marine, crime, and umbrella coverage
     
•  Types include fine dining, family fast-food, cafes, cafeterias, catering, and restaurants with take with take with take with take-out service
     
•  3 years in business or equivalent experience
     
•  Liquor receipts up to 40%


Call Susan Leoni at Rockford Insurance Agency
                              Ext. 267

Message from RMIC's President

By Joseph DeChatelets, CPCU, CLU
     President and CEO

I recently received a call from A.M. Best affirming our A- rating with a stable outlook.  Now, don’t get me wrong, we are working extremely hard to improve this to an A rating, but given the weather patterns in the Midwest over the past three or four years, this was music to my ears!

This got me thinking about the trust that agents, farm mutuals and policyholders place in our company each and every day.  Nobody likes paying their insurance premium.  Most of us are insurance poor and never intend to make a claim on our insurance company.   But we have to pay those premiums.

The trust that people place in their agent to put their customers with an insurance company that will take care of them when “bad things happen” is priceless.  Customers can shop the internet all day long for the best prices for their insurance, but do they really understand what they are buying?  Price is important, but when it comes to insurance, value is much more important.  Being with a company means very little until bad things happen, and that is the time that we are called to put lives back together.  Even more importantly, being with an agent that knows them and cares throughout the process of making a claim and putting their lives back together is something the internet can never make up for.  

So next time a customer complains about their insurance premiums, remember, what we do is put lives back together!  That is the value we sell each and every day.