Thanks to the leadership of Commissioner Jim Poolman, North Dakota insurance consumers now have common-sense protections against unfair underwriting and rating actions by insurers because of information in loss history databases, such as the Claims Loss Underwriting Exchange and Automated …
First Niagara, Hatch Leonard Naples First Niagara Risk Management Inc., the wholly-owned insurance subsidiary of First Niagara Bank and its parent First Niagara Financial Group in New York Inc. is acquiring Hatch Leonard Naples Inc. the largest insurance agency in …
MASSACHUSETTS Marsh Clients Urged to Hold Off: Massachusetts insurance customers of insurance broker Marsh & McLennan are being urged to hold off on agreeing to the broker’s proposed settlement by the state’s attorney general. Attorney General Tom Reilly has mailed …
Like many pediatricians, Dr. Raymond Jones has enjoyed watching his “kids” graduate from infancy to college. But his smiles often masked his anxiety that he was about to be ruined. The 2002 collapse of his malpractice insurer, Richmond, Virginia-based Reciprocal …
Rhode Island, history teaches us, was among the earliest colonies to establish a formal system for insolvencies and bankruptcies back in the 1700s. Recently, members of the National Conference of Insurance Legislators met in this state’s beautiful seaside community of …
Larger insurance agencies today are more likely than not to employ a director of risk management, a claim specialist and a loss control specialist, according to a recent study. Business Management Group Inc.’s 2005-2006 Non-Producer Compensation & Benefits Survey found …
Medical malpractice insurance rates rose dramatically during the past five years, but the amount insurers paid out in claims did not, according to a study from a consumer advocacy group. The study, by the Center for Justice & Democracy, found …
Working With E&S Wholesalers: Be Nice You’ll Need Them Again! The surplus lines industry pendulum is now on its backswing into a soft market. A couple years of market restriction and firm pricing brought a temporary prosperity to the industry. …
OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group Ltd., announced that Mike Miller, its current chief operating officer, has been appointed president and chief executive officer. Miller replaced John Cavoores, who left the company for personal …
It’s an age-old problem for agency owners: where to find customer service representatives. Ask agency principals to name their biggest challenges and locating CSRs is right up there at the top of most lists. “Universally, agents ask, ‘where are we …
