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Historical Perspective.


Congratulations on the February 2000 issue! It was absolutely outstanding and contained many informative and interesting articles about the history of our business.

There may be a slight error on page 67. The article states that the oldest insurance company was the Sun Insurance Office, established in 1710. Commercial Union Life Insurance Company of America, now CGU Life, claims its ancestry goes back to 1669 and the Hand in Hand Society.

Edward D. Hart

Elizabethtown, Ky.

Quote/Unquote

"This seems to be the annual rite of spring in Sacramento--another politically motivated hearing designed to miscast mis·cast  
tr.v. mis·cast, mis·cast·ing, mis·casts
1. To cast in an unsuitable role.

2. To cast (a role, play, or film) inappropriately.
 the department's accomplishments and impressive record."

California Insurance Commissioner California Insurance Commissioner is an elected executive office position in California who is in charge of the California Department of Insurance. The current Insurance Commissioner is Steve Poizner.  Chuck Quackenbush, responding to a decision by a California Assembly insurance committee to hold hearings to investigate if the state insurance department treats all insurance companies equally.

"The market is starting to look at traditional companies and is saying, 'Can you be converted more into e-commerce and technology companies?' They're looking for the potential here."

Adam Klauber, an analyst with Cochran, Caronia Securities, commenting on an upturn in insurance stocks.

"Because Congress couldn't pass appropriate legislation similar to the agreement, the threat of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
 from the federal government replaced the threat of legislation from Congress."

Robert Hartwig, chief economist for the Insurance Information Institute, commenting on an agreement between Smith & Wesson Smith & Wesson

U.S. gun manufacturer. The company has its roots in an 1852 partnership between Horace Smith (1808–93) and Daniel B. Wesson (1825–1906), who designed and marketed a lever-action, repeating magazine handgun that held a self-contained cartridge.
 and the White House. The gun maker agreed to change the way its guns are designed, distributed and marketed.

"Turkey and the Appalachian states are strikingly well-suited partners in terms of the goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax.  each provides and the economic needs and prospects each offers."

Kirk Robertson, executive director, Overseas Private Investment Corp. The Washington-based organization is backing a plan between the 13-state Appalachia Regional Commission and the Turkish government. OPIC OPIC Overseas Private Investment Corporation
OPIC Office de la Propriété Intellectuelle du Canada (French: Canadian Intellectual Property Office)
OPIC Organization of Professional Immigration Consultants
OPIC Ohio Public Interest Campaign
 will provide financing and insurance products to Appalachian firms interested in investing in Turkish projects.

"Just as Congress is ready to meet the public's demand for a real patients' rights bill, the HMO HMO health maintenance organization.

HMO
n.
A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial,
 industry is making a desperate, 11th-hour attempt to change the subject with expensive TV ads."

Dr. Nancy Dickey, immediate past president of the American Medical Association American Medical Association (AMA), professional physicians' organization (founded 1847). Its goals are to protect the interests of American physicians, advance public health, and support the growth of medical science. , protesting a $200,000 ad campaign sponsored by the American Association of Health Plans. The managed-care association says the ads are designed to educate the public about the reporting of medical errors by doctors and hospitals.
COPYRIGHT 2000 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Best's Review
Date:May 1, 2000
Words:381
Previous Article:Web Working.
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