Happy Holidays and Best Wishes for a Wonderful New Year
The final Demotech Difference of 2006
by Joseph L. Petrelli, Jr.
Seasons Greetings and welcome to the final issue of The Demotech Difference for 2006.
Another year has caught up with all of us. We hope that each of you had as productive and busy a year as we did. While 2006 was busier than we could have hoped for, 2007 will certainly exceed 2006 for Demotech and we guarantee some exciting news and announcements in 2007. Its premature to share the details, but suffice to say, there will be some monumental announcements from Demotech in 2007. The Demotech Difference and www.demotech.com will be our first avenue for sharing these big announcements. Be sure to check both frequently.
Volume 3 of The Demotech Difference
We hope that you have enjoyed the Volume 3 issues of The Demotech Difference. We look forward to some exciting improvements for our fourth volume, in 2007. We will save the details of the updates and improvements until their release, but hope the changes suit all of you, our readers. Stay tuned for the updated newsletter in early 2007. In the interim, please feel free to provide any input for our consideration.
Happy Holidays from All of Us at Demotech
We wish all of you a safe and Happy New Year. We will see you in 2007!
Demotech’s Sharon Romano Elected CPCU Regional Governor
In August 2006, the CPCU Society held elections. Sharon Romano, Vice President and co-founder of Demotech Inc., was one of ten CPCU members elected to serve three-year terms as Regional Governor at this election. She will serve as Regional Governor for the CPCU Chapters of Akron-Canton, Allegheny, Brandywine Valley, Mahoning-Shenango Valley, Philadelphia, and Presque Isle.
Florida Property Insurance No Huricanes. No Profits. No One Happy. By Joseph L. Petrelli - President, Demotech, Inc.
The 2006 hurricane season just ended. It was a quiet season. Consumer advocates, some journalists and others are citing the quiet 2006 season as a rationale for decreasing property and Homeowners insurance rates in Florida. The Office of Insurance Regulation has utilized hearings to discuss rate increases that it believes to be excessive. Insurance companies are filing significant rate increases based upon historical premium and loss experience adjusted to reflect anticipated conditions. Everyone seems a bit upset with the situation. [FULL STORY]
What We’ve Got Here is a Failure to Communicate How Traditional Financial Reporting Contributes to Misunderstanding of Title Insurance Loss Activity By Joseph L. Petrelli - President, Demotech, Inc.
If Title and P&C L&LAE ratios are to be directly compared, which is inevitable, the Title insurance industry and regulators should work to develop financial reporting rules that prepare similarly categorized costs and activities. [FULL STORY]
Demotech Performance of Title Insurance Companies offers the most complete analysis of the Title insurance industry available. The annual publication includes extensive analysis and presentation of information for nearly every underwriter in the industry, representing more than 99% of the industry premiums. Demotech Performance of Title Insurance Companies and the associated Quarterly Updates are the simplest and easiest means to stay aprised of industry developments and market positions. Order your copy of the 2006 Edition today.
[FULL STORY]
INDUSTRY ITEMS
Insurance Journal Highlights
Firm Boosts Insurance Agency Websites on Google, Yahoo I-Marketing Management has launched a search engine optimization service to help improve the placement of agency and broker websites on popular online search engines such as Google and Yahoo. [FULL STORY]
Study Shows Using Casual Laborers Costs Homeowners in Long Run Homeowners who hire unlicensed contractors believing that will save them money may be penny-wise and pound foolish [FULL STORY]
MARKET ANALYSIS
Boom! Bust! Boom?
What the heck’s happening with the housing market?
by BusinessWeek
In the past several months, home sales have gone from a sure thing to a complete muddle. Are we experiencing the start of a bust or just a small hiccup?
[FULL STORY]
Previous housing downturns have been spurred on by the usual suspects — higher mortgage rates and economic slowdowns. But what we are experiencing now is different. To find their way out of this one, sellers are going to have to get real about the value of their real estate.
[FULL STORY]
CHIT CHAT
Moron Management
What to do when your boss is a dolt
by James A. Alexander, Ed.D., Alexander Consulting, LLP
Despite all the self-help manuals and business books out there, no one really knows how to build a quality leader. In fact, the really “good guys” are few and far between. Here’s how to cope when your boss leaves a lot to be desired.
[FULL STORY]
Meetings produce many of the decisions that affect your career and your organization. Why not get your opinions heard — while you have the chance?
[FULL STORY]
Getting bored with your job? Feel taken for granted? Or suffering from the seven-year itch? Maybe it’s time for you to find some ways to re-ignite your passion for your profession.
[FULL STORY]
In our first Columbus Blue Jackets update of the 2006-07 season, the Blue Jackets were 2-4-1. Unlike others, we were optimistic about the Blue Jackets chances to reach the playoffs for the first time in franchise history in the 2006-07 season. [FULL STORY]
Winning the Heisman Trophy was easy. The hard part for Troy Smith was staying composed. To the surprise of no one, the Ohio State quarterback was a runaway winner of the award that honors college football's best player. [FULL STORY]
The mouse. Undoubtedly, it’s a helpful little thing. But did you know that, at times, it may actually slow you down? In fact, you may be able save several minutes a day by giving your mouse a rest.
[FULL STORY]
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