Insurance Consultants Of Maine Newsletter

Insurance Consultants of Maine Newsletter
Scott Simmonds, CPCU, ARM
September, 2005

Unbiased Insurance Info & Advice
www.endwimpyinsurance.com

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Feel free to forward this newsletter to your colleagues. Comments, questions and suggestions are always welcome. Email: scott@icofmaine.com. You're getting this publication as you subscribed, downloaded one of my reports, or gave me permission to add you to the list.

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Hurricane Katrina

Speculation inside the insurance industry is that Katrina will carry the biggest insurance losses in history. It looks like $20 - $35 billion. Total losses could top $100 billion. Hundreds of insurance company adjusters are on the scene. Insurance companies seem to be responding well to the disaster.

In all, it's an awesome example of natures power. The relief efforts are an example of humankind's resilience.

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Let’s Play Pretend…

Let’s pretend that yesterday you learned that your business has been completely destroyed. Your building, inventory, equipment, files, furniture, computers, customer lists, accounting records, and everything else that was in your office, plant, store, or shop is gone.

Obviously this is close to the scenario being played out in Mississippi and Louisiana right now. What would you do?

Go to http://www.insurancebuzzer.com/articles/disaster101.htm to see the full article.

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Insurance Blog – I've joined the world of bloggers. Hints, tips, and general thoughts about the world of insurance. Take a look - http://insurancebuzzer.blogspot.com/. Frankly, I've been asked by several reporters and freelance writers to set up a blog so they can get an idea of some of the issues facing business insurance buyers. (for you techies, the RSS feed is http://insurancebuzzer.blogspot.com/atom.xml)

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Recent Press Comments –

See some of my comments in a recent article published in Forbes on health insurance issues - http://www.forbes.com/smallbusiness/2005/08/22/insurance-smallbusiness-healthcare-cx_bn_0822healthcare.html.

Home insurance and flood insurance issues in the Christian Science Monitor - http://www.csmonitor.com/2005/0908/p12s02-lihc.html

With Katrina in the news, I've been contacted by Dow Jones, Christian Science Monitor, Forbes, Entrepreneur, Investors Business Daily, and more than a few regional and local publications. More on those articles later.

For more on my comments in print see http://icofmaine.com/media.html.

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Special Reports Available - Order My Special Reports - Guaranteed To Help You Save Premium Dollars.

SR #1 - Premium Saving Insurance Basics For Small Business - For info see: http://www.icofmaine.com/SR1save.html

SR#2 - Buying and Bidding Your Insurance – For info see: http://www.icofmaine.com/SR2%20Bid%20Buy.html.

Sr #3 - How To Save Money On Your Workers Compensation Insurance - For info see: http://www.icofmaine.com/SR3WC.html

Take a look at all my reports and teleseminars CDs - http://www.icofmaine.com/store.html

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Life In Maine And Other Stuff - End of the vacationer’s summer is now here in Maine. It always amazes me that the tourists seem to think that the snows start right after Labor Day. Truth is, September and October are spectacular months here. I'm going to the mountains this weekend and whitewater rafting in a few weeks. Might even have a few lobsters before the snow flies!

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Biggest Insurance Mistakes White Papers - Get my white papers covering the biggest business and personal insurance mistakes. Send a blank email to bizmistakes@icofmaine.com for a copy of the business mistakes paper. Email to personal@icofmaine.com for the personal insurance version. No cost.

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Your Privacy - I will never sell or distribute your email address to any other person or organization.

Do You Have The Right Insurance? Contact me to discuss an unbiased review of your insurance program. Do you have the right coverage? Can your policies be fine-tuned to improve the protection? Can changes be made to ease the administrative burden insurance causes? Are you getting the service you should from your broker? I can help. Call 207.284.0085 or email me at scott@icofmaine.com. Remember, I don't sell insurance so I'm unbiased.

Need A Speaker? I'm pleased to speak to trade, business or service associations about insurance topics. Call 207.284.0085 or email me at scott@icofmaine.com. Also check out my speaker's page at www.icofmaine.com/ispeaker.html.

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Scott Simmonds, CIC, CPCU, ARM
Insurance Consultants of Maine, Inc.
20 Sofia Road
Saco, ME 04072-9017
Phone 207 284-0085
Fax 801 991-4027
scott@icofmaine.com
http://www.endwimpyinsurance.com

Unbiased Insurance Solutions

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Insurance Consultants of Maine, Inc. is an unbiased, fee-only insurance and risk management advisory firm. We don't sell insurance and never accept fees or commissions from insurance companies or agents.

Comments regarding insurance policies or products in this newsletter are for information purposes only and do not constitute an endorsement. I accept no fees or payments of any kind from any insurance organization or any company mentioned in this newsletter.