Several eastern states are trying to clamp down on spreading staged accidents. Bills are being debated in New York, Massachusetts and the District of Columbia. The main point of attack: Make it a crime to be a so-called “runner” in …
The reason independent agencies struggle to attract customer service representatives (CSRs) is that agencies just do not pay them enough. Instead, agencies overpay their producers. Consultant Virginia Bates of VMB Associates Inc. in Melrose, Mass., expressed this opinion before New …
“Kentucky.” “Georgia.” “South Carolina.” “New York.” Conversing with Jim Masiello during a break at his company’s business meeting is a bit like interrupting an emcee eyeing the parade of contestants at a beauty pageant. As each agent comes within view, …
TV Show Sparks Interest in Forensics But Real-Life Arson Probes Lack Glamor of ‘CSI’ Near the tennis courts at Centenary College in Hackettstown, N.J., a student is itching to set something on fire, and only too happy to oblige when …
The National Flood Insurance Program (NFIP) is offering new Preferred Risk Policy (PRP) products for both the commercial market and renters market. Created in response to consumer demand for lower-cost flood insurance options, officials hope these new products will help …
In the final days of the Maryland General Assembly’s 2004 session, Maryland lawmakers approved several measures to help Tropical Storm Isabel victims and to prevent future problems with flood insurance policies. On the last day of the 90-day session, legislators …
IIABNH Members Hear from Sen. Sununu, Sevigny and Agency and Insurer Execs The value of better educated consumers, the need for pricing to stay ahead of claims inflation, the impact of Sarbanes-Oxley on insurer earnings reports and an admission that …
The private insurance industry for workers’ compensation would not have enough capital to withstand potential losses on its own should a catastrophic terrorism event, or multiple events, occur, according to the Workers’ Compensation Terrorism Reinsurance Pool Feasibility Study conducted by …
In a joint letter to Michael G. Oxley, (R-Ohio), chairman of the House Committee on Financial Services, and Richard C. Shelby (R-Ala.), chairman of the Senate Banking Committee, six key U.S. insurance associations urged that the federal Terrorism Risk Insurance …
InsurBanc, the independent agents’ bank backed by W.R. Berkley Corp. and also owned in part by the Independent Insurance Agents and Brokers of America (IIABA), expects to break even in the second quarter of this year, its third year in …
