Running Your Business
Insights on how to run an insurance agency, along with coverage of agency management and agency technology news.
Producer's Corner: Time to fill the void
By Warren S. HerschShould best practices prescribed for structured settlement professionals be implemented through voluntary guidelines or state regulation? This perennial question is now debated among observers of annuity-funded structured settlements.
December 03, 2012
Joseph E. Murray (1919-2012)Discovery is a painful process, born from failed and costly experimentation, the doubt of others, and villainization by those who do not share in the vision being sought.
December 03, 2012
Fed wins AIG suitA federal district court judge in New York today dismissed as not plausible a lawsuit alleging that the Federal Reserve Board acted against the interests of American International Group and its shareholders when it bailed out the company starting in September 2008.
December 03, 2012
Is the Structured Settlement Process in need of Reform?Hindert also flags industry opposition for inhibiting the development of a potentially less costly alternative to factoring: commuting, wherein claimants sell rights to periodic payments back to the annuity provider. If, he says, more annuity contracts incorporated a commutation rider offering payees a discounted value of their future income stream,...
December 03, 2012
PPACA rate, wellness and benefits proposals roll outThe U.S. Department of Health and Human Services (HHS) is getting ready to pump three major Patient Protection and Affordable Care Act (PPACA) regulation proposals into the Federal Register.
December 03, 2012
Fiscal cliff solutions: A billion here, a billion thereSmall changes such as federal workers contributing more toward their pensions could start producing real changes to the potential $500 billion cliff.
December 03, 2012
NAIC to develop LTCI rate amendmentsThe Executive Committee has approved model law and model regulation requests.
December 03, 2012
PPACA and her sister: IRS posts tax proposalsRegulators propose regulations for collecting a new investment tax and a new Medicare payroll tax.