The Professional Insurance Agents of New Jersey issued a statement supporting the New Jersey Department of Banking and Insurance for its proposed regulation implementing the Parity Act, which amended the powers of state banks, savings banks and their subsidiaries to …
Agents have faced the problem ever since insurance companies first introduced applications. Each company had its own form, so the agent who wanted to submit the same account to several underwriters had to write the same information over and over …
Applied Insurance Research, Inc. (AIR), a catastrophe and weather risk modeling company, has assembled a suite of products developed to meet the needs of corporate risk managers. The products, capitalizing on AIR’s databases of hazard and property information and on …
InSure Vision Technologies (IVT) of Sherman Oaks, Calif. has launched SurePath 3.5, an enhanced version of its product for processing and managing paper-based and electronic surety bonds. Enhancements include improved support for electronic signatures and digital certificates, as well as …
Callidus Software Inc. of Hollywood, Fla., released TrueComp® for Insurance, an incentive compensation software product for property/casualty, and group health and life insurers. The product is part of Callidus’ enterprise incentive management (EIM) software line, designed to boost business results …
CSRSelect LLC of Charlotte, N.C. has launched CSRSelect, an online test to evaluate prospective insurance customer service representatives. The program evaluates applicants in skills that producers, CSRs and training specialists identified as essential for the level of customer service expected …
Today, the independent agency system is faced with new challenges and opportunities, many of which are fostered by the development of new technologies, not the least of which is the growth of eCommerce through the Internet. While much of the …
After suffering its first ever net loss in 2001, an extraordinary and dismal year by anyone’s reckoning, the property/casualty industry finally received some good news as earnings reports for the first quarter of 2002 showed generally rising premiums, and earnings …
One of the recurring questions we get asked as business consultants and appraisers is “can you do a quick and dirty valuation for my business?” Now we can appreciate someone asking for a ballpark valuation, however, a back of the …
Texas Insurance Commissioner Jose Montemayor has denied a second request in three months by State Farm Insurance Co., to raise its auto insurance premiums. According to the Austin American Statesman, State Farm raised auto rates in Texas by nine percent …
