The Underwriter's Insider March 2017

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IN THIS ISSUE March 2017 Vol 13 Issue 3

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AMAZON ECHO VS. GOOGLE HOME IN A VIRTUAL STANDOFF For decades, we have seen science fiction movies in which people talk to computers. Dave spoke to HAL. Michael Knight was assisted by KITT. Captain Picard directed “Computer.”

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7 GOTTA GET SUMMER GADGETS! I just love summer. Aside from the longer days, jaunts to tropical locales, weekend barbeques and balmy nights out on the town, it’s a season during which my thirst for innovative and utilitarian gadgetry is thoroughly quenched.

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TO FIND ACTUAL CASH VALUE LABOR AS WELL AS COMPONENTS MUST BE DEPRECIATED No component of a property exists without the labor to make it. If depreciation is used to determine actual cash value the materials and labor used to make the home and its component parts must be depreciated.

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STATE FARM MUTUAL CLOBBERED WITH AUTOMOBILE LOSSES IN 2016 Bloomington, IL - State Farm Mutual Insurance, the largest auto insuror in the country, lost $7 billion.

LLOYD’S OF LONDON APPOINTS BRUCE CARNEGIE-BROWN AS CHAIRMAN In February, Lloyd’s of London announced it was appointing Bruce CarnegieBrown as chairman of the mega-insurance marketplace.

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FLORIDA DIVISION OF WORKERS’ COMP LAUNCHES ONLINE EMPLOYER COVERAGE ASSISTANCE PROGRAM

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“Ensuring that Florida businesses have proper workers’ compensation coverage is crucial to the success of the entire workers’ compensation system,”

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Whenever Democrats don’t agree with a policy employed to fight terrorism, the first words out of their collective mouths are often, “It’s an ISIS recruiting tool!”

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MORE BAD NEWS FOR WELLS FARGO CLIENTS Now the scope of the investigation has opened to a cover the period from 2009 to September of 2016

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FT. LAUDERDALE AGENCY EMPLOYEE ACCUSED OF STEALING $1,000,000+ Summerlott allegedly created and submitted dozens of fake electronic invoices. Summerlott would then prepare company checks tied to Fairway’s company account to pay these fabricated invoices.

BUT IT’S AN ISIS RECRUITING TOOL!

CALIFORNIA BUSTS MAJOR STAGED COLLISION INSURANCE FRAUD RING California announced a major auto insurance fraud ring takedown today, which was operating in San Diego County.

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$15 MINIMUM WAGE? CHECK OUT THE UNINTENDED CONSEQUENCES... Wendy’s has just announced it will be installing kiosk in thousands of locations in “at least 40 cities and states around the country.”

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