Weblog for Adams Insurance

Gene Morphis, 63, was terminated from his postion as CFO of Francesca's Holdings Corp. a Houston-based company  because he "improperly communicated company information through social media."  Mr. Morphis's termination was significant enough to catch the gaze of the WSJ:  Read more

Business Insurance reports that the long soft market in property and casualty insurance may be coming to an end:

Pricing for commercial property/casualty insurance accounts increased an average of 4.4% during the first quarter this year compared with the same period last year, according to a survey released Tuesday by the Council of Insurance Agents & Brokers.  Read more

The most frequent workplace fatalities are auto accidents.   There were 1,044 highway fatalities in 2010 compared to 646 fatalities due to falls.  Fleet training can pay off multitudes in reducing auto liability claims AND workers compensation claims.  Texas Mutual reports that between 20 and 50% of those fatalities were caused by driver distraction:  Read more

One of the side benefits (yes, I said benefits) of Romneycare, Massachusetts' version of health care reform, is that it provides good solid data on what the future of Obamacare holds.  Indeed, this is the advantage of a federal system where states have the freedom to experiment with their own legislation and see what works and what does not.  Read more

In 1997, Congress made Bob Hope an "honorary veteran."  It is the only time Congress has bestowed such an honor and Hope said it was the greatest honor he had ever received.  For more than 50 years, Bob Hope entertained American troops on and off the fields of battle.  He did shows in World War II, The Korean War, the Vietnam War, and the Persian Gulf War.  But, he did not want to do his first one.  Read more

Answer: you are.  The most common mistake businesses make when it comes to the risk of embezzlement is not buying insurance coverage for it.  The second most common mistake businesses make is not buying high enough limits.  What is your risk to an employee theft?  How severe is the exposure?  In 2011, the average loss from embezzlement was $750,000.  Read more

If the schedule holds, 1 WTC will surpass the Empire State Building's 1,250 feet with the addition of the first column of the 100th floor of the new skyscraper.  The building will top out at 1,368 feet, the same height of the first 1 WTC and its twin 2 WTC, destroyed on 9-11.  The building will reach its full height with the addition of an antenna which will bring its overall height to 1,776 feet.  Read more

The largest employer in the United States has just become the largest nonsubscriber in Texas.  What is a nonsubscriber?  Texas and New Jersey are the only two states in the union (I bet that is about all we have in common) that allow employers to opt out of workers' compensation.  That may seem pretty irresponsible to the uninformed because the employer loses his sole remedy protection from claims by injured workers.  Read more

At our Kung Fu Risk Management seminar yesterday, Jack Wisdom took on the Ninja Assassins of the EEOC.  Jack told the group about the latest effort by the EEOC to target the use of criminal background checks by employers as a form of adverse impact discrimination.  Read more

Risk and Insurance employed some creative writers to dramatize its list of the Most Dangerous Emerging Risks of 2012.  They did a good job.  The scenarios all seem plausible and the narratives make them come alive.  Consider the "Turnover Tsunami" and its storyline:  Read more