| The daily insurance industry news source |  |
- Senate grants short extension for National Flood Insurance Program
The National Association of Professional Insurance Advisers is criticizing the Senate's decision to extend the National Food Insurance Program for only 46 days, saying it creates an "air of uncertainty" for homeowners and mortgage lenders. But Jimi Grande, NAMIC senior vice president of federal and political affairs, is optimistic lawmakers will provide a long-standing solution to the issue "by ensuring the financial stability of the NFIP without intruding on areas like windstorm coverage that are already being served by the private market." National Underwriter (free registration)
(11/2)
      
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| Industry Watch |  | |
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- Midwest hit by rare fall flooding
Recent heavy rains in the Midwest caused flooding in Missouri and Illinois -- an unusual occurrence according to government scientists. While it is hard to predict rain during autumn, seeing "such astronomically high amounts of precipitation, where we got several inches above the previous record levels, is very abnormal," a meteorologist said. USA TODAY/The Associated Press
(11/2)
- Central Florida warned of powerful tornadoes due to El Niño
Residents in Central Florida should prepare for dangerous tornadoes that could hit the region soon as a result of El Niño conditions, warned forecasters from the National Weather Service. "I think the bottom line is you always have to have a tornado plan, but in an El Niño year ... if tornado watches come out, you really need to pay attention," an expert said. Orlando Sentinel (Fla.)
(11/3)
| Trends & Technology | | |
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- Repair cost for crash-damaged cars jumped in third quarter
The adjusted cost to repair crash-damaged vehicles in the third quarter amounted to $2,520 -- a $164 rise from the same period last year, according to Mitchell International. Average collision losses during the third quarter were appraised at $12,188, lower than those for the same period last year, the firm said. National Underwriter (free registration)
(11/2)
- Bad driving could be hardwired
Researchers believe that a single gene found in a third of Americans could cause sloppy driving. Undergraduates who possessed the gene, which affects the brain's ability to rewire itself and thus its ability to learn new skills, made 20% more mistakes during a driving simulation than their more genetically fortunate peers. "The people who had this genetic variation performed more poorly from the get-go," says neurologist Steven Cramer. "It's up to society to say, how do we deal with that fact?" Wired.com/Wired Science
(10/29)
| Business Leadership | | |
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- Taking the mystery out of leadership
Clear communication is important in any leadership role, says Harvard President Drew Gilpin Faust, otherwise followers start trying to guess what the boss is thinking. Whether she's hosting ice cream socials in Harvard Yard or holding online Q-and-A sessions with alumni around the world, Faust says she's always trying to make sure that Harvard's different constituencies feel valued and included in the management process. The New York Times
(10/31)
| Best Practices | | |
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- Risk some chutes if you want to move up the career ladder
The most common career mistake managers make is they're too afraid to take a risk, so they take a job that doesn't allow them to really "make a difference," according to Steve Tobak. Don't stop reaching for new opportunities unless you know that you've "hit your limit," and seek input from mentors about accepting greater challenges. BNET/The Corner Office blog
(10/30)
- Price questions is inevitable -- address it head-on
The price question from a prospect is simply a way for them to qualify your product, just as you are qualifying them as a potential client. The best way to handle the price question is answer it directly up front, then move back to discussing the client's needs. AllBusiness.com
(10/29)
| SmartQuote | | |
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 | Bore, n.: A person who talks when you wish him to listen."
--Ambrose Bierce,
journalist, satirist, as quoted from his "Devil's Dictionary"
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