Yearly Archives: <span>2006</span>

Business Moves

Oswald Cos., Poyle Associates Cleveland-based Oswald Companies acquired Poyle Associates, located in the Detroit suburbs. The Cleveland-based risk expert and insurance brokerage will now serve Michigan markets as Oswald Poyle Associates. “We appreciate Poyle Associates history of client commitment and …

Why are construction managers difficult to insure?

When building or remodeling a house, homeowners often will turn to their construction manager to assist in overseeing building, recommending and selecting bidders, and securing permits. The construction manager will likely be faced with a multitude of tasks. And for …

Nationwide survey reveals ‘Top 10 Pet Peeves of the Road’

With more than 30 million Americans expected to hit the road this Memorial Day weekend Traverse City, Mich.-based the Hagerty Collector Network surveyed thousands of members nationwide to uncover America’s “Top 10 Driving Pet Peeves.” The results from Hagerty’s survey …

NAMIC believes such fees are a form of double taxation applied only to those responsible drivers carrying auto insurance

Ominous Trend: Growth of municipal accident response fees Across the country and in most Midwestern states, insurance companies are facing the growing phenomenon of cash-strapped municipalities billing insurers for police or fire responses to auto accidents, no matter how minor. …

Auto insurance costs hold steady; industry cites safety, less accidents as the cause

The cost of auto insurance is expected to rise by just 0.5 percent in 2006, the smallest increase in six years, reports the Insurance Information Institute. A declining number of auto accidents, safer cars and fraud-fighting efforts are some forces …

Highlights of the TMPAA Best Practice Administrator Process:

There are 6 steps: 1 — Application/Survey 2 — Confidentiality/Evaluation Waiver 3 — On-site Evaluation/Consultation 4 — Evaluation/Consultation Recommendation 5 — Best Practice Committee Review 6 — TMPAA Designation Only the program business functions of agencies are to be evaluated …

Introducing the world’s first certified Best Practice Program Administrator

What managing general agent or program administrator hasn’t wondered whether his operation is as efficient, professional and profitable as it could be, whether it conforms to the best practices among fellow managing general agents and program administrators? Now there’s a …

Avian Flu and the Property/Casualty Industry

Thanks to numerous avian flu articles, books, and even a television movie, the effects of a pandemic outbreak on the insurance industry have not gone unnoticed. However, while there is apparent agreement that there would be serious ramifications for the …

U.S. insurers withstood record catastrophe losses in 2005

Strong capitalization, sound risk management and efficient global risk sharing enabled the U.S. property/casualty insurance industry to withstand record-setting catastrophe losses in 2005, according to Frank J. Coyne, chairman, president and CEO of ISO. Coyne also cautioned the industry to …

Distinguish your agency with commercial client training

Most small to medium-sized commercial insureds are educated only in how to shop for the lowest possible premium. Very few are schooled in the everyday nuances of managing their firm’s insurance program. This is understandable, because once a producer gets …