Finding the limits of the defense universe
Article Abstract:
The California Supreme Court has ruled against Los Angeles Lakers basketball team owner Jerry Buss in the case filed against him by a litigation insurance company. The insurer had previously agreed to defend Buss from a litigation filed against him by an advertising agency with the condition that Buss must share the defense costs if the court so orders. Buss refused to reimburse defense costs that were not covered by the policy, prompting the insurer to file a lawsuit against him. The court's ruling has serious implications for the litigation insurance market in the state.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
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Best producers share many personality traits
Article Abstract:
Insurance agents require certain personality traits to be successful marketers of personal lines insurance. A survey of 165 agents divided into those selling to outside markets and those cultivating existing business found that successful agents demonstrated fundamental salesmanship skills such as empathy and abstract reasoning capabilities. The two different groups of salespeople surveyed were differentiated by their levels of ego-drive, ego-strength, assertiveness and buoyancy.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1996
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Malpractice claims are rising, but the buyer base is shrinking
Article Abstract:
A study by Conning & Co. of Hartford, CT, indicates that malpractice insurance policies are changing and a new type of underwriting called managed care liability has been developed in response to a shift from fee-for-service to managed care. Health care system changes are whittling the total number of buyers for malpractice insurance while increasing the potential exposure for malpractice losses by tens of millions of dollars.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1997
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- Abstracts: Professional liability takes cue from clients. Malpractice insurers target alternatives. Drive for nonstandard auto profits puts agents at risk
- Abstracts: Any willing provider laws threaten to sink managed care. Managed care faces stinging backlash
- Abstracts: Recruiting the new breed of insurance CEOs. Banks are opportunities, not obstacles. Banks urged to hasten movement into insurance
- Abstracts: State spending: the price of regulation plateaus. Genetic testing takes center stage. Trends moving toward Glass-Steagall repeal
- Abstracts: Maximizing the value of the compensation portfolio. Returning "design" to health care benefit design. Managing health care costs: the pre-financed method