Insurance Review articles from November 1990

Insurance Review archives from November 1990

Twister of fate. (tornado in Illinois, and the National Weather Service's failure to provide an advance warning)
November 1, 1990... TWISTER OF FATE * Midwesterners have been living with the threat of tornadoes for generations. But late this summer, when a particularly severe twister ripped through the Chicago suburbs killing 25 and injuring 100, there were charges that...

Hanover establishes consumer voice. (Hanover Insurance Company's consumer advisory board)
November 1, 1990... HANOVER ESTABLISHES CONSUMER VOICE * Sue Vineyard is no insurance expert, but that's not stopping the 52-year-old communications firm executive from advising a major insurance company on policy decisions. Vineyard is doing so in her capacity...

I.I.I.'s Moore calls it a decade. (Insurance Information Institute, Mechlin D. Moore, appointment of Gordon C. Stewart)
November 1, 1990... I.I.I.'S MOORE CALLS IT A DECADE * Ensuring a smooth transfer of leadership at the Insurance Information Institute (I.I.I.), Gordon C. Stewart has been elected executive vice president and chief operating officer by I.I.I.'s board of...

Working it out. (disputes between cedants and reinsurers)
November 1, 1990... Working It Out In the "good faith" days of the early 1980s, when a reinsurer had the rare dispute with a ceding company, they would meet for lunch at New York's Drug and Chemical Club, tell a few bawdy jokes and, before dessert, resolve...

E&O and the automated agency: far from being a legal liability, automation may be your best defense against E&O claims. (errors and omissions)
November 1, 1990... E&O and the Automated Agency Suppose for a moment that two independent agencies have been named as defendants in separate but similar errors and omissions (E&O) suits relating to missing coverage. The suits themselves are groundless and...

The "super" love boat: the new, high-tech luxury cruise liners are drawing fire as well as praise from the insurance community.
November 1, 1990... The "Super" Love Boat Contrary to the harrowing experience of the passengers in "The Poseidon Adventure," today's luxury cruise liners are incredibly safe. Loss control techniques and safety technology have improved vastly since the days...

Actuaries take center stage.
November 1, 1990... Actuaries Take Center Stage A bespectacled Dickensian character "crunching numbers" in the musty backroom of an insurance company probably sums up the public's image of an actuary. But that impression, says Irene Bass, a casualty actuary...