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April 13, 2010 National Flood Insurance Program Moves Close to Reauthorization

According to the Travelers Insurance Agent newsletter just received: The Senate was back in Washington yesterday and while they weren’t able to pass the bill yesterday that contains the extension of the National Flood Insurance Program (NFIP), the Senate has passed cloture by a vote of 60-30 on the motion to

April 6, 2010 Speed Kills

I recently met with a trucking prospect whose experience mod took a serious increase from 99 to 128%. The cause of this issue was one smaller claim (total incurred of $3,600) that was left open with more than half of the incurred being reserves. Now, reserve levels should be looked at

April 5, 2010 California Earthquake Insurance Update

When an Earthquake occurs, and is of a magnitude where property damage may occur, insurance companies may put a moratorium in effect for any new business in that area. The moratorium will stay in effect until aftershocks have passed. With the recent 7.2 earthquake in Baja California several companies have

March 31, 2010 Human Resources

In the ever changing market of Workers Compensation, having a knowledgeable Human Resources Department is one of the most useful and cost effective tools in saving your company money.  By utilizing the tools and knowledge from a HR person you will ensure your firm hires, fires and works within the parameters of  California

March 31, 2010 California Earthquake Insurance

With the recent earthquakes in Haiti and Chile, many of my clients have called and asked if their Homeowner’s policy covers Earthquake coverage.  Many people may not realize that most Homeowners, as well as Renter’s and Condo policies, do not include earthquake coverage and it must be purchased separately, either

March 26, 2010 NFIP Lapse and Hiatus Guidelines

Due to the hiatus until the re-authorization of the NFIP has occurred, we will not be able: Issue new policies Increase coverage on existing policies Issue renewal policies If you have an escrow closing between 3/28 and 4/12 in a designated flood hazard area you will not be able to secure flood

March 26, 2010 Congress Convened Before Passing Bill to Reauthorize NFIP

According to a bulletin I just received from Travelers Insurance Company regarding the National Flood Insurance Program (which pertains to all companies that write policies with the National Flood Insurance Program): Congress has adjourned without passing a bill that would reauthorize the National Flood Insurance Program (NFIP) beyond March 28, 2010.