Doctors aren’t the only professionals in Nevada taking down their shingles because of high insurance prices. In June of this year, 96 Systems President Leo Duram wrote to Nevada Insurance Commissioner Alice Molasky-Arman, "I have recently had to close my residential construction division . . . which accounted for 90 percent of all revenue." Duram cited "astronomical" insurance … [Read more...] about A Complex Case for Carson City: Coalition seeks relief from construction-defect litigation
Archives for September 2002
September 2002: Business Up Front
Travel Agents Speak Up A survey commissioned this summer by The Reservation Company, a Las Vegas-based online booking company, asked travel agents to assess the state of their industry, with a focus on bookings before and after 9/11. Here are some of its findings: In your opinion, are travel bookings: Rebounding strongly (14%) Rebounding moderately (71%) Remaining … [Read more...] about September 2002: Business Up Front
Business Ethics – A New Oxymoron?
Everywhere you look these days, there seems to be another scandal involving corrupt business practices. The current cycle started with Enron, moved on to Arthur Andersen’s role in the Enron affair, and then spun off into evidence of other companies cooking the books to inflate their stock prices, and executives and their friends benefiting from insider trading. Who knows where … [Read more...] about Business Ethics – A New Oxymoron?
American Heart Association: Hunting America’s Number-One Killer
Over 4,000 Nevadans will be killed this year by heart disease or stroke, a figure that is rising every year. Cardiovascular disease is the number-one killer of adults in the United States, claiming more lives than the next six leading causes of death combined. The American Heart Association (AHA) is the nation’s largest voluntary heath organization devoted to heart disease … [Read more...] about American Heart Association: Hunting America’s Number-One Killer
September 2002: Face to Face
Name: Robert A. Albano Title: President Company: Rinker Materials West, LLC Type of Business: Ready mix concrete, concrete block and aggregate producer; construction materials retail outlet Location: Las Vegas Years in Nevada: 3 Years with Company: 5 BIGGEST BUSINESS CHALLENGE: Currently, our biggest challenge is solving the problem of residential … [Read more...] about September 2002: Face to Face
A Family Affair: Family-Owned Businesses Achieve Success
Family business plays a major role in our economy. It is estimated that family firms comprise 80 to 90 percent of all business enterprises in North America and contribute almost 50 percent of our nation’s Gross National Product. This year Nevada Business Journal selected the winners of the "Family Business of the Year Awards" by asking members of the business community to … [Read more...] about A Family Affair: Family-Owned Businesses Achieve Success
Law Firms and Lobbyists: Gearing Up for the 2003 Session
When the Nevada State Legislature meets in 2003, it will be considering a variety of issues, from construction defects to utility regulations and tax issues, questions of how public entities compete with private and how to fund the state budget. All these issues have the potential to impact a variety of Nevada businesses and businesspeople. Nevada is still a small state and … [Read more...] about Law Firms and Lobbyists: Gearing Up for the 2003 Session
Key Person Life Insurance: Protecting Your Most Valuable Assets
Several years ago, a large national company lost a number of its key executives in a helicopter accident on the way to a mountain ski slope. This highly-publicized tragedy and others like it across the nation have caused turmoil and loss to many companies large and small over the years. Of course, it is impossible to replace the lives that have been lost. However, it is very … [Read more...] about Key Person Life Insurance: Protecting Your Most Valuable Assets
September 2002: Nevada Briefs
Tort Reform Takes Effect October 1 Assembly Bill 1, passed during a special three-day session of the Legislature called to address Nevada’s healthcare insurance crisis, takes effect October 1. Highlights of the bill include: A $350,000 cap on non-economic damages in medical malpractice cases. A $50,000 limitation on damages for hospitals and doctors treating trauma … [Read more...] about September 2002: Nevada Briefs
Industry Focus: Commerical Real Estate
Nevada’s leading commercial real estate brokers gathered at the Four Seasons Hotel in Las Vegas on July 11 for a roundtable discussion of challenges and issues affecting their industry. The roundtable was a part of Nevada Business Journal’s monthly Industry Outlook series. Those in attendance represented specialists in office, industrial, retail, land and apartments from both … [Read more...] about Industry Focus: Commerical Real Estate
September 2009: Business Indicators
The decisions of households and businesses push and pull the economy along a path of expansion and contraction. As such, our indicators, although they have proved useful in the past, may seem to be a list of ingredients for a recipe in which something has been left out. Most recently, economic indicators foretell a short recession with a strong recovery. To be sure, the basic … [Read more...] about September 2009: Business Indicators
Pursuing Debts Owed the State: Nevada Leverages Integrated System
Changes in technology, process and law are converging to enable the state controller to identify and collect debt owed the state by businesses and individuals. That debt – currently estimated at $132 million – would more than offset the $121.5 million revenue shortfall anticipated over the course of the 2001-2003 biennium. In 1997, a legislative audit report entitled … [Read more...] about Pursuing Debts Owed the State: Nevada Leverages Integrated System