IRMI Update—Issue #148

An E-mail Newsletter for Risk and Insurance Professionals
ISSN: 1530-7948
November 8, 2006

In This Issue

Message from the Editor

Colleague,

A few years ago we published a reference manual covering the intricacies of insurance rating and premium determination in California: Levine on California Workers Compensation and Insurance. Authored and updated by California attorney and workers compensation consultant Art Levine, it is a very thorough treatment of the practical, technical, and legal issues specifically affecting California workers compensation premiums.

We are making the print version of Levine on California Workers Compensation and Insurance available for only $59 until December 15 (a $181 discount). Learn more about or order the manual here.

Due to a dramatic recovery by the California workers compensation marketplace, accompanied by substantial rate reductions, this fine manual has not sold as well as we expected. Unfortunately, economic realities have necessitated a decision to discontinue updating it. Nevertheless, much of the information it contains will be useful to California agents, brokers, underwriters, premium auditors, and risk managers for some time to come, and this special price makes it a great value for your bookshelf.

On another note, have you recommended IRMI Update to a friend or colleague lately? Our subscriber family has not grown much recently, hovering around 31,500 risk professionals. I would sure appreciate your help growing it to 32,000 by the end of the year. Please send this issue to two people with a recommendation that they sign up.

Thank you so much for your friendship and help.

Have a great day.

Jack

Jack P. Gibson, CPCU, CRIS, ARM
President
IRMI

Risk Tip

Assemble the Data for Proof of Loss Documentation—Everyone has a file cabinet full of information about their business, but do you (or your clients) really have the data necessary to prepare a proof of loss? Food for thought: what are the serial numbers, model numbers, dates of purchase, cost, and description of everything that keeps the business functioning? In case of fire, flood, burglary, or disaster, this information will be needed to process a claim. Is your business (or you or your clients) ready?

By Jan Hayner
Easy Organizing
Sheboygan, WI

www.organizingyourlifetheeasyway.com

Suggest a Risk Tip. Send us a practical tip (less than 300 words) for identifying and managing risks, buying insurance, managing claims, or filling gaps in insurance coverages. Submit your tips. We'll acknowledge your contribution as we did for Jan.

What's New in Your IRMI Library

We have recently updated a number of the reference manuals in the IRMI library and published new issues of The Risk Report and Captive Insurance Company Reports. To make sure you don't miss any of this new information take 30 seconds to scan the "What's New" summary page.

For IRMI Online and Print Subscribers

For SilverPlume Sage subscribers

New Expert Commentary

There are now over 800 risk management and insurance articles on IRMI.com. Below you'll find summaries of some recent additions with links to the articles.

Construction Risk Conference Handouts Available Online

There are almost 40 handouts from the 26th IRMI Construction Risk Conference available for free downloading. If you missed the Conference this year, this is the best way to experience all the educational benefits offered by almost 60 speakers in 29 workshops. Included is the text from Joe Plummeri's keynote address. If you were there, you can complete your workbook with the handouts from workshops you weren't able to attend. See a list of topics.

Online Ethics CE Course Meets State Requirements

"Ethics for Property and Casualty Insurance Professionals" is one of our many online insurance CE courses. Passing the course will not only give you 4-6 hours CE credit, depending on your state, but also meet your state's ethics course requirement. And you won't believe how reasonable the cost of these courses is. Check all the courses out.

Your View—How's the Market Looking?

In the last edition of IRMI Update, Editor Jack Gibson asked readers for their assessment of the current insurance marketplace. While overall the situation appears to have improved, certain pockets remain problematic. See some of the reader responses below.

How To Get IRMI Update E-mails

IRMI Update is sent to subscribers by plain text e-mail twice each month. To initiate your free subscription, use the e-mail registration form.

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