Agents & Brokers News

Texas 2011 Legislative Update

Ambulance-chasing attorneys, frivolous lawsuit filings and contractual indemnification clauses were all subjects addressed by the Texas 2011 legislative session. Joanna Salinas, partner and manager of the Austin-based law firm of Fletcher, Farley, Shipman & Salinas, provided an update on the …

Have Insurers Lost the Capacity to Run an Underwriting Profit?

We frequently hear people ask, “When is the next hard market going to come?” And by that they typically mean double-digit increases in premium growth for a sustained period of time. Of course, no one knows. But perhaps more importantly, …

Moody’s Changes Debt Ratings of Insurance Brokers & Service Cos.

Moody’s Investors Service has changed various debt ratings of insurance brokers and service companies based on the application of its loss given default (LGD) framework to guide notching decisions for speculative-grade issuers. The LGD framework was incorporated into Moody’s Global …

Find Out Who’s Worth What in the Independent Agency System

Time is running out to find out who’s worth what in the independent agency system! Insurance Journal is once again polling insurance agents and brokers nationwide in its annual Agency Salary Survey. Survey results will be compiled for a special report in …

Who’s Worth What in the Independent Agency System? Find Out … Join IJ’s Survey

Insurance Journal is polling insurance agents and brokers nationwide in its annual search to find out who’s worth what in the independent agency system. Don’t miss out on your chance to participate. The 2012 Agency Salary Survey results will be …

French Broker Gras Savoye Receives License to Operate in Georgia

France’s Gras Savoye, which is closely associated with Willis, announced that it has received a license to commence brokerage operations in Georgia (the country – not the state), as part of its initiative to expand its business from Turkey into …

E&O Insights: Enhance Your Errors & Omissions Culture in 2012

As the end of 2011 approaches, this is a good time to reflect upon what went well and what didn’t during the year — as well as what changes you should make in 2012. Here are a few errors and …

JLT Subsidiary Acquires Irish Broker FBD Insurance

JLT Insurance Brokers (Ireland) Ltd, a wholly owned subsidiary of the Jardine Lloyd Thompson Group plc, has acquired FBD Insurance Brokers Ltd, which is based in Ireland, from FBD Holdings plc.  The bulletin also noted that as “part of this …

Breathe New Life into Your Old Performance Review Tactics

The end of the year is swiftly approaching, signaling that the time has come for the daunting task that all supervisors face — the employee performance review. Many hypotheses exist about how to execute employee assessments. The consensus is that …

How One Independent Agent Tried to Off the GEICO Gecko

Editor’s Note: This article is from Insurance Journal’s annual Satire Issue, originally published on Aug. 15, 2011. The article is fictional and is meant to be humorous. Enjoy! Obsession is more than some Calvin Klein perfume; it’s the root cause of …