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...ildren and grandchildren, life settlements, and perhaps other products. Produ...overage reviews Life settlements Gifting of polici...

... add substantial dollars to the settlement. In addition, be sure to determine...

...-agent spouse divorced. After a settlement, which divided the agency's value b...

...0HO 04 43 Replacement Cost Loss settlement For Certain Non-Building Structures...

...ey include plans for closure or settlement. The most current and accurat...

...nts, etc., including details of settlement upon possible termination of emplo...s most widely respected management consultants. She will be sorely missed.

... do so. In December 1993, the Texas Supreme Court denied a writ of error in Guzman v. Guzman, and let the issue of non-divisibility stand. They concluded, Two Texas Courts of Appeals have recognized that a professional person practicing with others under a corporate structure or as a partnership may have accrued personal professional goodwill, and that there might exist at the same time goodwill attributable to the business or partnership-but goodwill that exists separate and apart from a professional's personal skills, abilities, and reputation is divisible under divorce. Where does ... individual goodwill that can't be detached from his or her person, and thus can't become a part of the community property. Take the landmark case Rathmell v. Rathmell, for instance. In 1975, agent John Rathmell, and his non-agent spouse divorced. After a settlement, which divided the agency's value between the parties, the spouse appealed, alleging that disclosure of the agency's value had been improper. Attorneys filed a Bill of Review asking the Court of Appeals to correct the inequity. Although a number of issues were involved, ... her skill or ability. It does not possess value as an asset separate and apart from the professional's person or from his individual ability to practice his profession. It would extinguish in the event of the professional's death, retirement, or disability. Frequently, I'm the only consultant making the appraisal. This is common, as it is in mediation action directed by the court. This can save significant amounts of time, money, and (maybe most important) grief. It's also important to add that both parties often disagree on their ...

... devote to them. Remember, you have planned for many, if not most, of the difficulties you may face when disaster strikes. Such planning can drastically reduce the potential for injury to your employees, inconvenience and loss to your policyholders, and damage to your structure and property. And that's the whole idea of disaster planning! Riding Out the Storm (by Judi Snelson) It wasn't supposed to happen. Charlotte is 200 miles inland and hurricanes generally don't maintain their fury that far from the sea. But Hurricane Hugo did ... of them came to our agency to ask for coverage synopses. Since I teach classes in homeowners insurance, I had a complete manual of coverages which we copied for adjusters. Because of the large number of claims and the unfamiliarity of many adjusters with local coverages, settlements were relatively slow at the outset. Many carriers either completely suspended their draft authority or greatly reduced it during the emergency period. This practice cost everyone must time and money, because we could have handled many claims ourselves if we had had the authority. As ... address. 2. Make only those repairs necessary to prevent further damage to your home or business. This must include covering breaks in a roof, wall, or windows with plywood, canvas, or other waterproof material. Do not have permanent repairs made without first consulting your agent. Unauthorized repairs may not be reimbursed. 3. Wait for an insurance adjuster to arrive to appraise your damage. Following a catastrophe, insurance companies schedule adjusters so that the most serious losses get priority treatment. Those policyholders are the most in need ...

... Loss Assessment Coverage In response to insurers' concerns that deductibles in the Association's policy higher than $1 ,000 are common today, ISO has removed the special limit of $1 ,000. • &# 160HO 04 43 Replacement Cost Loss settlement For Certain Non-Building Structures On The Residence Premises Endorsement This optional endorsement will now provide replacement cost for swimming pools, therapeutic baths and hot tubs that are "inground" or "semi-inground,: with walls and floors made of reinforced masonry, cement, metal or fiberglass. • & ... #160HO 04 35 Loss Assessment Coverage In response to insurers' concerns that deductibles in the Association's policy higher than $1 ,000 are common today, ISO has removed the special limit of $1 ,000. • &# 160HO 04 43 Replacement Cost Loss settlement For Certain Non-Building Structures On The Residence Premises Endorsement This optional endorsement will now provide replacement cost for swimming pools, therapeutic baths and hot tubs that are "inground" or "semi-inground,: with walls and floors made of reinforced masonry, cement, metal or ... of personal property in a dwelling under construction. • &# 160HO 24 13 Incidental Low Power Recreational Motor Vehicle Liability Coverage Endorsement ISO has reduced the coverage in this endorsement by adding motor scooters to the list of excluded vehicle types. Mary LaPorte, president of LaPorte Consulting (Martin, MI), offers expertise in agency management, workflow, and Errors and Omissions analysis. You can reach her at (269) 672-7801; e-mail: [email protected] ; or visit: www.lpinsuranceconsult.com . Login or Register (for FREE) ...

...gulatory fines and class action settlements. Those of us who grew up in the in...