Yearly Archives: <span>2006</span>

Mergers and Acquisitions

Independent retail insurance agencies looking to grow through acquisition had better have a good plan in place if they want to run with the big dogs-those big dogs being the banks, the large public brokers and the regional clusters whose …

Editor’s Note: Close to home: 1906 revisited

If an earthquake similar to that of the 1906 San Francisco quake were to hit a metropolitan area, today, the losses would be staggering. April 18 marks the 100th anniversary of the Great San Francisco Earthquake of 1906, a catastrophe …

Agents: Optional Federal Charter Dual Structure

Optional federal chartering, federal regulation and the creation of a new federal bureaucracy go too far, the equivalent of throwing the baby out with the bath water. The Independent Insurance Agents & Brokers of America, and New Hampshire, (the Big …

Business Moves

First Bank, Adrian N. Baker & Co. First Bank, a Missouri state chartered bank and wholly owned subsidiary of First Banks Inc. headquartered in St. Louis, Mo., and Clayton, Mo.-based insurance brokerage Adrian N. Baker & Company, announced that First …

Technology

Given the pace of today’s technological developments, it is often difficult for agency principals to know where to get the most bang for their buck. As most agency principals know, it is important to take a strategic approach when it …

Your top salespeople may not be the best sales managers

Above-average salespeople were two times as likely to be as successful with an above-average sales manager. Average salespeople, contrarily, were five times as likely to be as successful with an above-average sales manager. The frontline sales manager has the toughest …

People Hub International Ltd., a Chicago-based brokerage has named Jonathan Axel senior vice president of the Kagan-Kozberg Division at Hub International of California Insurance Services Inc., a subsidiary of the insurance brokerage. Axel will be based at the Culver City, …

Closer Look: Olympics Coverage

While Italians sadly said farewell to the Torino 2006 XX Olympic Winter Games, held Feb. 10-26, insurers are happy the event came and went without a hitch. For the first time, the International Olympic Committee purchased an event cancellation policy …

Sources: Coalition Against Insurance Fraud; Ohio Department of Insurance

Fraud Roundup Ohio pair indicted for alleged fraud, money laundering tallying $200,000 The Coalition Against Consumer Fraud and the Ohio Department of Insurance reported that two former dental office employees, Alberta Fay Clark and Tammie Creamer, have been indicted for …

Deadly storms hit Midwest again in new round of spring tornadoes

The new round of tornadoes hit the Midwest less than one month after a similar grouping of twisters, high winds and damage hit a five-state area on March 12. News Currents Another round of deadly storms hit the Midwest Sunday, …