SAFECO Corp. has named Mike McGavick as chief executive, ending a four-month search for a new leader. Former CEO Roger Eigsti resigned at the end of last year. In related news, Boh Dickey, SAFECO president, chief operating officer and member …
While the search for survivors continues, Indian authorities are beginning to calculate the economic costs of the destruction wrought by the worst earthquake in 50 years. First estimates indicate the costs of repairing damaged property at 150 billion rupees ($3.3 …
Bermuda-based Renaissance Re continued to post good results with a 44 percent increase in 4th quarter earnings, which boosted its net operating income for the year to $134.4 million, an 18 percent increase over 1999. The company’s 21 percent return …
The Connecticut Supreme Court ruled in favor of Travelers Casualty and Surety Co. and other insurers Monday, the Associated Press reports, concluding their policies did not obligate them to help pay thousands of asbestos-related claims against Metropolitan Life Insurance Co. …
A hearing will be held tomorrow in the House Commerce Committee on a bill sponsored by the National Association of Independent Insurers. The bill is designed to address issues raised by 1999’s controversial “Gorman” state Supreme Court ruling. The case, …
Sadly, this is the mindset of many agents when it comes to continuing education. Every agent knows the important role that continuing education (CE) plays in keeping up with the industry’s ever-changing business environment. “I don’t think that a lot …
The California Insurance Wholesalers Association (CIWA) held its 6th Annual Wholesaler Industry Day on the sunny first weekend of January at the Hilton Torrey Pines in La Jolla, Calif. The conference marked the launch of the Young Wholesalers Committee—an important …
Newly elected Washington Insurance Commissioner Mike Kreidler wants to regain some powers stripped away by lawmakers peeved at predecessor Deborah Senn, according to Knight Ridder/Tribune Business News service. Kreidler reportedly plans to also seek the re-accreditation of the office and …
Travelers launched a new Internet-technology-based automation system for personal lines independent agents in an effort to save them time and improve their profitability by simplifying the quoting and issuing of new policies. The system, called ATLAS3, allows agents to quote …
Transamerica Insurance & Investment Group (TIIG) named five insurance industry executives to key positions within the organization. William Tate was elected as senior vice president and chief marketing officer for Transamerica Occidental Life Insurance Co. (TOLIC) and TIIG. Also promoted …
