Dallas Fire Insurance Co. agreed to pay $100,000 in penalties for overcharging consumers by adding unapproved policy fees to the price it charged for credit property insurance. In a consent order, Dallas Fire also agreed to cease and desist from …
On March 12, the Independent Insurance Agents of Texas launched its newest and most ambitious website feature, InfoCentral. This new feature merges of all of IIAT’s technical resources—coverage guides, newsletters and fax-on-demand reports. InfoCentral was created as an agent tool …
When my credit card company calls me at work, I make a point of dropping whatever I’m doing. There could be some crazed spender out there racking up purchases with my credit card number and they are calling to thwart …
Selling personal umbrellas is a nuisance, yes? Some agents say, “Forget the $15 or $20 commission; it’s the perception of value-added service to the client. It helps round accounts and keep accounts. And a lot more people probably ought to …
Insurance covers accidents. In the legal world, we call these “fortuities”, but it all boils down to accidental happenings. First-party insurance, for example property insurance, covers financial losses sustained by insureds as the result of damage to their property. Of …
In keeping with its aggressive and acquisitive nature, Fiserv Inc. announced March 6 that it had purchased Agoura Hills, Calif.-based Facilities and Services Corporation (FSC). The arrangement will allow FSC, which has thus far operated only within California, to expand …
Circumventing independent agents. Undermining agents’ sales. These are phrases that don’t set well with Safeco CEO Mike McGavick. And it’s no wonder. Appointed as the man to turn the struggling Seattle-based insurer around, McGavick certainly doesn’t want agents to be …
Last January Prudential plc Chief Executive Jonathan Bloomer indicated he was still looking for opportunities in the U.S. The search culminated March 12 in Houston with the announcement that Britain’s venerable “Pru”—which has no connection with America’s Prudential Insurance Co.—would …
Two companies made substantial entries into Texas last week. YouZoom.com will offer Texas agents the opportunity to sell insurance products online. Progressive, which up until now only offered auto coverage in Texas, unveiled its homeowners product for Lone Star agents. …
A Washington bill, SB 5610, authorizing the use of traffic safety cameras to detect red-light running, passed the Senate on a 27-to-22 vote. The legislation would allow the use of traffic safety cameras in certain zones to detect stoplight or …
