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Independent Agents See Carriers’ Online Sales As Major Threat: Accenture Survey

Independent insurance agents’ strengths in customer service and risk management could be challenged by changing consumer behaviors, new technologies and the evolving competitive landscape, according to a new report by Accenture. The report is based on a survey of more …

Mexican Motor Carriers Can Apply to Cross Border for Long-Haul Trucking

The U.S. Department of Transportation announced that Mexican motor carriers will soon be able to apply for authority to conduct long-haul, cross-border trucking services in the United States. The policy change marks a milestone in the implementation of the North …

TWIA Legislative Recommendations Address Funding, Depopulation

The Texas Windstorm Insurance Association, the state-created insurer that provides property coverage for wind and hail in 14 coastal counties and parts of Harris County, has submitted a report to the Legislature with recommendations to bolster TWIA’s operational efficiency, stabilize …

Top Markets to Watch in 2015

Insurers were busy trying to stay ahead of the curve when it comes to creating products for the top markets in 2014, and they don’t seem to be slowing down this year either. Read on to find out what some …

Michigan Orders Unlicensed Agent, ‘Fictitious’ Insurer to Stop Selling Insurance

The Michigan Department of Insurance and Financial Services (DIFS) has ordered Ray Coleman, Midwest Insurance Group and RPM Insurance Group (RPM) to cease and desist from selling, soliciting or negotiating insurance policies, regulators announced. According to the DIFS order, a …

Report Card Rates States on Insurance Regulation

Vermont gets a grade of “A+” and California and North Carolina get grades of “F” in the annual report card on state insurance regulation issued by the free market think tank, The R Street Institute. The 2014 Insurance Regulation Report …

10 Things to Know About Small Businesses

The most common insurance policy for small businesses is the Business Owners Policy (BOP). Small- to medium-sized businesses must meet certain criteria to be eligible for a BOP. Eligibility factors often include the number of employees and size of the …

Deaths Due to GM Faulty Ignitions at 45

At least 45 people have died and 68 have been injured in crashes involving General Motors cars with defective ignition switches, according to Attorney Kenneth Feinberg, who was hired by GM to compensate victims. As of mid-January, Feinberg had received 303 …

Texas Bill Would Protect P/C Agent Ownership of Expiration Rights

A bill filed in the Texas Legislature for the 2015 session would clarify that insurance agents in the state have exclusive ownership of the expiration rights to property/casualty insurance policies they sell and place. HB 686 by Rep. Kenneth Sheets, …

How One Broker, CGSC, Is Navigating Stages of Entrepreneurial Business

Entrepreneurial organizations go through stages of growth, says the chief executive of one of the world’s largest wholesale insurance and reinsurance brokerages. Toby Esser, CEO of Cooper Gay Swett & Crawford (CGSC), says his company went through many transitions in …

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