The September 1, 2009 issue of ZIFL has been posted at http://www.zalma.com. ... Regards, <http://www.readyshare.com/Users/zalma@zalma-com/BZINC-LOGO.jpg> ...
17417
leerailunder
Sep 2, 2009 5:20 pm
My column in Risk & Insurance this issue (Sept. 1) addresses the high cost of letters of credit for employers with self insurance and high deductible plans....
17418
Phil Bly
risk7man
Sep 2, 2009 6:19 pm
We pay .75% for LOC's and are required to have 50% cash collateral. The bank pays us interest on the collateral. Fortunately we have cash. To:...
17419
Rum@...
Sep 3, 2009 12:17 pm
Sounds like some people need a loss portfolio transfer program! ... From: Phil Bly Date: Wednesday, September 2, 2009 2:19 pm Subject: RE: [RiskList] letter of...
17420
Phil Bly
risk7man
Sep 3, 2009 1:12 pm
Are you suggesting that I have a loss portfolio to transfer? The vast majority of our claims (GL) are in the hands of our insurer(s). We have no self...
17421
walterhorn
Sep 3, 2009 3:33 pm
... Interesting piece, Peter. W...
17422
Barry Zalma
bzalma
Sep 4, 2009 1:39 pm
Check out "Prickly City" for some truth about truth and economics: http://www.jewishworldreview.com/strips/pc/prickly_city.asp ... Regards, ...
17423
Tim Wahl
wahl2
Sep 4, 2009 3:37 pm
Does anyone know of an article in regards to Data Breach and the CGL We are having discussion at the office about Data Breach and the CGL, Some don't...
Nate, You rock, I did try to search it and I also looked on the Virt University Have a good weekend!!! Tim ________________________________ From:...
17426
Bill Wilson
dondiegomt
Sep 4, 2009 4:36 pm
http://www.oxygeninsurance.com/news/oxygen-launches-battle-of-the-insurance-bands-competition A couple of years ago, we tried to get an insurance band together...
17427
Barry Zalma
bzalma
Sep 4, 2009 4:40 pm
Bill: If you could perform all of those songs I'm sure you would have won. ... Regards, <http://www.readyshare.com/Users/zalma@zalma-com/BZINC-LOGO.jpg> Barry...
17428
Richard Betterley
rickbetterley
Sep 4, 2009 4:43 pm
Hi Tim You are correct about your CGL, and should encourage your colleagues to listen to you. I would look at your E&O policy first; you may need an extension...
17429
Tim Wahl
wahl2
Sep 4, 2009 4:43 pm
Bill what instrument do you play, it's just gotta be one of the wind instruments LOL Tim...
17430
Scott LeMay
smlemay
Sep 4, 2009 4:54 pm
Rick -- E&O is good to look at, as well as the CGL. Some carrier's D&O policies are being endorsed with a nice data breach endorsement, and they are slapping...
17431
Tim Wahl
wahl2
Sep 4, 2009 4:58 pm
More and more commercial lending banks while having a mortgage on a commercial property or commercial building project are requesting additional insured...
17432
Barry Zalma
bzalma
Sep 4, 2009 5:01 pm
Since you are from Missouri, you would have to "show me" a reason for it. Makes no sense to me since there is no exposure. ... Regards, ...
17433
Charles Cox
charleshcox
Sep 4, 2009 5:40 pm
Wouldn't the mortgage lender have a somewhat similar risk as an Auto Lessor? Auto Lessors are always granted AI status on Auto Policies. If I were the lender...
17434
Tim Wahl
wahl2
Sep 4, 2009 6:19 pm
In a lease situation the leasing company retains ownership in the property. In a mortgage situation the bank has no ownership in the property, they just...
17435
Charles Cox
charleshcox
Sep 4, 2009 8:27 pm
Although the bank has no direct ownership in the property, in the event of a loan default, the bank would certainly own it or control it to a large degree....
17436
Barry Zalma
bzalma
Sep 4, 2009 8:29 pm
Yes, Charles, and when they take ownership they can buy CGL coverage to protect their interest since the policy acquired by the defaulting homeowner would be...
17437
Phil Bly
risk7man
Sep 4, 2009 8:29 pm
Without looking at any of Nate's weblinks, does Insurance Agent's E&O cover something like this. I would think this would be a risk whether confidential...
17438
Phil Bly
risk7man
Sep 4, 2009 8:34 pm
Our lenders have been requiring this for years. Plaintiffs attorneys include anyone with any connection to the property as a defendant so it's more defense...
17439
Charles Cox
charleshcox
Sep 4, 2009 8:38 pm
CG 20 18 11 85 Charlie Cox ALDRICH & COX, INC. Tel: 716-675-6300 Fax: 716-675-2098 _____________________________________________________ This e-mail, and any...
17440
Tim Wahl
wahl2
Sep 4, 2009 9:16 pm
My response to that when given by the bank is "Don't you carry your own CGL coverage"? I will agree its the ONLY example that gives a valid reason for it...
17441
Donald Malecki
dsmmcc
Sep 4, 2009 9:48 pm
What does the policy say? ________________________________ From: "David P. Broussard, CRM, CIC" <david@...> To: RiskList@yahoogroups.com Sent: Monday,...
