February 24, 2015 |
Lots of companies mount ambitious programs to hire college graduates, but the Graham Co., an insurance and risk-management company, takes a different approach. "As a rule, we don't hire right out of college," said Kenneth L. Ewell, 57, Graham's president and chief operating officer. Question: Why did Graham adopt that philosophy? Answer: You just have a higher degree of success [if] they've worked someplace else, and they have a little bit of context and they have some basis to judge Graham against.
February 16, 2015 |
Maybe you've learned this the hard way. You get into a small accident and make an insurance claim - say, one that nets you a couple of thousand dollars after your deductible. The next thing you know, your premium jumps. In the long run, you realize, you may actually come out behind. It's a frustrating moment for many, as illustrated by a recent Liberty Mutual commercial touting "accident forgiveness" and portraying a dutiful customer "like the poster child for paying on time," as the spokes-character puts it. "And then one day you tap the bumper of a station wagon.
February 15, 2015 |
You wouldn't buy a car without negotiating, would you? Health care is the same now. Feb. 15 is the last day to sign up for a health-insurance policy and avoid a tax penalty to Uncle Sam that could total 2 percent of your income. If you don't have coverage, today's the day. If you have insurance, there are ways to save money on your medical bills. Because, let's face it, even the new insurance isn't that affordable. Silver and bronze plans under the Affordable Care Act carry median family deductibles of roughly $2,500 and $5,100, respectively, according to data from management-consulting firm McKinsey & Co. As health-care costs shift to consumers, we need to negotiate services at fair prices.
February 5, 2015 |
Gary Bromberg, 83, of Springfield, Montgomery County, a commercial insurance broker and an artist, died Saturday, Jan. 31, of multiple myeloma at Thomas Jefferson University Hospital. Born in Brooklyn, N.Y., Mr. Bromberg moved to the Wynnefield section of Philadelphia with his family when he was 5. He graduated from Overbrook High School and from Pennsylvania State University with the Class of 1953. While there, he pledged Beta Sigma Pi fraternity. Mr. Bromberg did further study at the University of Pennsylvania's Wharton School.
January 27, 2015
LAST WEEK'S Commonwealth Court ruling that overturned the school district's attempt to make teachers contribute to their health insurance was called a "very big victory" by teachers union president Jerry Jordan. It certainly is a victory for the union. The state appeals court, in a unanimous opinion, rejected the district's claim that the state-takeover law gave it the right to impose terms on the union. The ruling will save union members $54 million a year in payments they would otherwise have to make toward paying for their health insurance.
January 22, 2015 |
WHEN JOSEPH Sindoni bought a boat for seagoing outings from the Jersey Shore, he thought his wife would be thrilled. But when she saw it, Margaret's reaction was less than enthusiastic. "Where's the bathroom?" she wanted to know. So, Joseph, always the devoted husband, went out and bought a bigger boat - a 24-footer with a bathroom. The family kept the boat for about eight years at North Wildwood, but, even though he was a former Navy man, the family didn't get that much use out of the boat and he finally sold it. Part of the problem was that Joseph Sindoni was the kind of guy whose favorite activity was work.
January 17, 2015 |
Raleigh M. Woods, 92, of Northwest Philadelphia, who had careers in life insurance, welding, and refrigeration repair, died Monday, Jan. 5, of kidney failure at the Visiting Nurse Association Hospice. Known as "Woody," Mr. Woods was the third of eight children. He was born in Covington, Va., and reared in Ashland, Ky., during the Great Depression by the Frank F. Fleming family. Later, he graduated from Booker T. Washington High School in Ashland. Mr. Woods served in World War II with the Army in Normandy, the Ardennes, the Rhineland, Northern France, and central Europe.
November 28, 2014 |
Philadelphia taxis carry much less insurance coverage than cabs in many other cities, providing less protection for passengers, pedestrians, or other motorists in case of accidents. The minimum insurance requirement for taxis in Philadelphia and the rest of Pennsylvania is $15,000 per injured person and $30,000 for all people injured in any incident. That requirement, the same as for private motorists, has not changed since 1974. It compares with minimums of $20,000 and $40,000 for taxis in Boston, $30,000 and $60,000 in Baltimore, $100,000 and $300,000 in New York City and Los Angeles, $350,000 in Chicago, and $500,000 in Dallas.
November 23, 2014 |
Irvin Fliegelman, 76, formerly of Blue Bell, a retired life insurance agent, died Wednesday, Nov. 19, of dementia at home in Atlantic City. Born in Philadelphia and reared in Norristown, he grew up helping in the family business, Fliegelman's Kiddie Center, on Main Street. He graduated from Norristown High School in 1956. Mr. Fliegelman earned a business degree from Rider College in Trenton in 1960. Later, he served on Rider's board of trustees for 15 years. Mr. Fliegelman worked as a sportswriter and in public relations before joining the Equitable as a life insurance agent in 1966.
November 9, 2014 |
One of the flash points in the fight over Uber's high-tech, innovative, disruptive arrival in Philadelphia is old-fashioned auto insurance. When riders use a smartphone app to summon UberX - a private car with a private driver - how are they protected in case of an accident? Uber says it provides $1 million in coverage for its passengers and drivers, much more than traditional taxis do. Regulators in Philadelphia and Harrisburg contend the ride-share company relies too heavily on drivers' personal insurance policies and doesn't fully protect the public.