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Loss Portfolio Transfer
LOSS PORTFOLIO TRANSFER by Al Rhodes A loss portfolio transfer (LPT) is one of the...eople look at the value of a block of losses (risk) and discount it to a net p...

...ns search for ways to reduce their loss-payment timing risk and to control ris...rofit generated by less-than-expected loss payouts and investment earnings if ...

... commercia.. All Articles by CompleteMarkets Editor Comments (0 ) Curb Workers Comp Claims Costs This content has not been rated yet. CompleteMarkets Editor , monte gale 4/30/2013 12:00:00 AM Appropriate claims handling can easily reduce payouts and an entity's losses by 20% -50% . In this article, Monte Gale provides an adjuster's guide to controlling a loss once it's submitted. All Articles by CompleteMarkets Editor Comments (0 ) Is This What You Call Service? This content has not been rated yet. ... 12:00:00 AM IS THIS WHAT YOU CALL SERVICE? by Pegi Flahault Insurance agents are always talking about service. Service to the customer-what does that mean? There's a huge gap between available technology.. All Articles by CompleteMarkets Editor Comments (0 ) Loss Portfolio Transfer This content has not been rated yet. CompleteMarkets Editor , Al Rhodes 4/30/2013 10:45:23 PM LOSS PORTFOLIO TRANSFER by Al Rhodes A loss portfolio transfer (LPT) is one of the few transfers that can be a winning ... for buyer and seller. An LPT allows you to transfer claims to another .. All Articles by CompleteMarkets Editor Comments (0 ) 1 2 3 x No Thanks Loading.. Loading.. x No Thanks Loading.. ...

...s indicated that they had received loss prevention and safety protection assis...he process of preventing or financing losses creates the opportunity to begin ...

...olicies provide coverage for these losses, others do not. Even if there is E&a...d growth, underpricing, and deficient loss reserves 20% were due to fraud ...

...ough the new owner. Production and loss ratio statistics are valuable tools in...

... . PRS High Hazard/High Risk Workers' Compensation Business Insurance Insurance for Individuals and Families Personal Finance Search Titles only Search author Search Titles and content Show Results Loading.. Similar Articles Calculating Agency Value A Cash-Flow Budget For An Insurance Agency 20 Tips For Prospective Agency Buyers Loss Portfolio Transfer Agency Perpetuation: Agents Must Go Back To The Drawing Board Content Packages This article is part of the Member Content , which contains more than 184 documents published by industry-leading authors. (Hidden) Categories Benefits & Financial Services (53) Commercial Lines ( ... ) Communications (629) Customer Service (530) Financial/Accounting (314) General Articles (572) Human Resources (652) Insurance Careers (36) Legal and E&O (317) Letters (Customer Service) (335) Letters (Sales) (323) Life/Financial Services (128) Management (1349) Marketing (654) Marketing Agency of the Month (22) Organizational Profiles (371) Personal Lines (66) Planning (841) Questions & Answers (109) Risk Management ( ... ) Selling (690) Specialty Lines (17) Technology (195) Uncategorized (28) (Hidden) Tags ...

... ) . Benefits include tax, cash and profit allocation opportunities, and Liability protection. Consider them as one asset-protection strategy. For example, clients often place individual apartment buildings into a series of separate LLCs to compartmentalize their investment portfolio in case of catastrophic lawsuits or under-insured losses involving any of their buildings. They're a good way to shield owners of raw land from runaway jury awards to trespassers or the like. In joint-venture situations, they can make dissolution ( 'divorce') of the LLC's members easier and more tax efficient. ... estate (such as your agency office building) . Benefits include tax, cash and profit allocation opportunities, and Liability protection. Consider them as one asset-protection strategy. For example, clients often place individual apartment buildings into a series of separate LLCs to compartmentalize their investment portfolio in case of catastrophic lawsuits or under-insured losses involving any of their buildings. They're a good way to shield owners of raw land from runaway jury awards to trespassers or the like. In joint-venture situations, they can make dissolution ( 'divorce') of the ... to be held inside the contributing corporation as an asset in place of those accounts, retaining the same tax basis as the accounts did-just don't dissolve the corporation. This is not, in and of itself, a taxable event if performed properly-but be sure you haven't accidentally transferred goodwill for less than its fair market value. In this manner, an insurance agency can effectively transfer a book of business to the LLC (helpful in a variety of situations, as explained later) . YOUR STATE LLC ACT An in-depth discussion of your local ...

... diligence in selecting insurers that became insolvent have so far been settled out of court for small sums. But the number of cases is going up, and there is every reason to believe that awards will increase also. Some E&O policies provide coverage for these losses, others do not. Even if there is E&O coverage, agents stand to lose the deductible, valuable time, and possibly the E&O coverage if a suit is filed. When legal action is not initiated by insureds, agents who went ... Frequent changes in auditors Sale of assets Stock prices declining Premium to surplus ratio over 2:1 and going up Dramatic changes in written premiums from one year to the next Surplus growing faster than 10% a year (could be unstable growth) Transfer of loss reserve portfolio (manipulation of the financial statement) Consistently under-reserving on your claims Questionable investments (junk bonds, too much real estate) Agent grapevine is giving some negative signals SECTION III-ITEMS THAT COULD BE INDICATIONS OF SOME FINANCIAL DIFFICULTIES: Assign one (1 ) point for every ... answer on the portion of the checklist. Consistently poor business decisions being made Information coming from branch inconsistent with information from home office Employee morale down and turnover among underwriters up Letter from company denying rumors (add extra point if you hadn't heard rumors) Change in agency contracts, especially termination or profit-sharing procedures Extensive changes in agency force (many appointments or terminations) Makes erratic changes in underwriting authority, either more or less Slowdown in paying claims Slowdown in processing return premium endorsements and audits Overall deterioration in service Much lower rates or higher ...

... diligence in selecting insurers that became insolvent have so far been settled out of court for small sums. But the number of cases is going up, and there is every reason to believe that awards will increase also. Some E&O policies provide coverage for these losses, others do not. Even if there is E&O coverage, agents stand to lose the deductible, valuable time, and possibly the E&O coverage if a suit is filed. When legal action is not initiated by insureds, agents who went ... Frequent changes in auditors Sale of assets Stock prices declining Premium to surplus ratio over 2:1 and going up Dramatic changes in written premiums from one year to the next Surplus growing faster than 10% a year (could be unstable growth) Transfer of loss reserve portfolio (manipulation of the financial statement) Consistently under-reserving on your claims Questionable investments (junk bonds, too much real estate) Agent grapevine is giving some negative signals SECTION III-ITEMS THAT COULD BE INDICATIONS OF SOME FINANCIAL DIFFICULTIES: Assign one (1 ) point for every ... answer on the portion of the checklist. Consistently poor business decisions being made Information coming from branch inconsistent with information from home office Employee morale down and turnover among underwriters up Letter from company denying rumors (add extra point if you hadn't heard rumors) Change in agency contracts, especially termination or profit-sharing procedures Extensive changes in agency force (many appointments or terminations) Makes erratic changes in underwriting authority, either more or less Slowdown in paying claims Slowdown in processing return premium endorsements and audits Overall deterioration in service Much lower rates or higher ...