Low Insurance Quote

The trucking industry may be missing opportunities to reduce the cost of accidents by millions of dollars. That’s the message Luann Dunkerley, CEI’s manager of business development for truck fleet services, told a gathering of private truck fleet executives in Jacksonville, Fla., last week.

Dunkerley made the remarks at a meeting of the National Private Truck Council Institute’s safety committee. A veteran of the trucking industry Dunkerley was named to the Institute’s board of governors last year.

Even among the most advanced truck fleets, a significant percentage of collision repair expenses aren’t traced to documented accidents. “A number

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Cooper Gay Swett & Crawford (CGSC) has selected Sequel for a five year software and consultancy support program to modernize its London-based insurance business in a bid to deal with regulation, London market initiatives and competitors.

Currently, the company is implementing the Sequel’s Eclipse Broking software, which will go live by the summer of 2012 to replace multiple legacy systems with just one modern broking system.

CGSC group chief information officer Brent Kruger said that the implementation process was the first step in harmonizing its technology across the group.

According to CGSC CEO Shaun Hooper, the strength of the software and Sequel’s track record for delivery will allow the firm to streamline many of its global processes, through an enhanced technology portfolio.

The solution is expected to allow CGSC to manage business data more quickly, effectively and economically benefitting its internal and external stakeholders, Sequel sales and marketing director Michael Graham said.

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The historic Prudential building, which was located in Houston, Texas, has been demolished. The location where it once stood is going to hold a new building, and possibly a park. It is always interesting to watch a video of a controlled demolition. At the same time, it is sad to see historic buildings reduced to dust.

Prudential is an insurance company that has been around for more than 135 years. The company’s mission is to help their customers “achieve financial prosperity and peace of mind”. This is the company that, for years, used the phrase: “Get a piece of the rock” in their advertising.

This insurance company is doing just fine.

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A Tucson, Ariz., councilman wants a deadly crosswalk made safer after a 13-year-old boy was killed last week.

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DST Insurance Solutions has introduced a new InPayce Payout solution to service a range of payout models.

The solution was developed to support life, annuity, and mutual fund product providers needing user-friendly systems to track, distribute, and service the various income streams associated with existing and new guaranteed retirement income products.

DST InPayce Payout has the ability to manage repetitive income streams, handle premiums, calculate and pay commissions, reconcile accounts and money movements, comply with OFAC/CIP, support tax reporting needs, and more.

DST Insurance Solutions president Bonnie Wasgatt said that the launch of InPayce Payout represents a perfect opportunity for carriers and financial institutions to examine their approach to product, technology, and operational innovation.

“Insurance servicing platforms will need to support features that manage repetitive income streams such as, multiple payee splits and levelization of payout income streams enabled through web-based transactions,” added Wasgatt.

It is now official. The fees that private health insurance companies pay to insurance brokers cannot be included into their medical care expenses. This is good for consumers, but, it isn’t an ideal situation for brokers. This decision is probably not going to make insurers very happy either.

In 2010, there was a health reform law passed that required all health insurance companies to spend at least 80% of the money that they get from premiums on medical care and quality improvement. They could no longer spend more than 20% of their profits on administrative costs. Insurers of large groups are required to spend 85% of the money they get from premiums on medical care and quality improvement, and cannot exceed spending 15% on administrative costs.

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