Finding Superior Production Talent By David Connolly President iQ Consulting An excerpt from an interview with a successful agency owner DC: Historically, what has consistently been the biggest challenge you face as an agency owner? Owner: “In our infancy we …
On Nov. 17, the U.S. Office of Thrift Supervision (OTS) cleared an application by the Independent Insurance Agents of America (IIAA) and W.R. Berkley Corp. to establish a new federal thrift by the name of InsurBanc. The regulatory action comes …
American International Group Inc. (AIG) announced it made a definitive agreement to acquire HSB Group Inc. for a price of approximately $1.2 billion. “We think that the synergies are terrific, and we look forward to this combination,” said AIG Chairman …
Reliance Group Holdings Inc. was grant- ed more time from creditors late last month to deal with repaying $237.5 million in bank debt. The troubled insurer said bankers extended the due date to Nov. 10 from Aug. 31. No information …
Max Taylor, the current chairman of Lloyd’s, will be leaving the position he has held for the past three years when his term is up in December 2000. The Council of Lloyd’s also announced that starting in 2001, the role …
Over the past three weeks, U.S. property/casualty insurers have been busy posting their second-quarter results. With continuing low premium rates and high claims costs, it may look like bad news for the industry as a whole; but for some of …
On July 31, California Gov. Gray Davis appointed retired Court of Appeal Justice Harry Low to replace former Insurance Commissioner Chuck Quackenbush who resigned from office last month. The 69-year-old Democrat served as a judge in the San Francisco area …
