Counsel For Risk Managers:
Prepare For Soft Terrorism
Risk managers of commercial, institutional and industrial premises need to prepare for "soft terrorism," which includes terror attacks directed against lower profile potential targets such as hotels, churches and smaller transportation terminals, according to a security expert.
Pa. Offers Med Mal Relief;
Stopgap Measure Taken
Pennsylvania Gov. Mark Schweiker has asked private malpractice insurers to postpone the collection of a state fund assessment payment from health care providers until April 2003. The stopgap measure is designed to provide relief to providers who are also facing rising malpractice insurance costs in January.
PIA Seeks Bush Action
To Renew Flood Cover
The National Association of Professional Insurance Agents in Washington said today it has asked federal officials to seek a Presidential order extending the National Flood Insurance Program.
Independent Agents Favor
Yellow Pages Advertising
Independent insurance agents use a variety of advertising methods to help them attract consumers to their agency, and the overwhelming majority of agents believe their advertising investment has helped them grow their business, according to a survey.
Mississippi Gov. Signs
A Tort Reform Measure
A Mississippi measure putting restrictions on medical malpractice actions and other lawsuits was signed into law by Gov. Ronnie Musgrove in a ceremony at the state Capitol in Jackson.
Terror Cover Price Gouging
Unlikely, ACE Boss Says
Price-gouging for terrorism coverage is unlikely because it is in the best interests of the insurance industry to set premiums at "reasonable" levels so that the risk is spread as widely as possible, according to Brian Duperreault, chairman and chief executive officer of ACE Ltd.
Reproduced from National Underwriter Property & Casualty/Risk & Benefits Management Edition, December 8, 2002. Copyright 2002 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.
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