Yearly Archives: <span>2006</span>

Writing public entities: how they compare to profit businesses

Does your agency currently write or pursue public entity business or have you ever thought about pursuing this market? If the answer is yes, you know that there are a number of similarities as well as an equal or greater …

Use agency generated coupons to cash-in on new sales

Everyone loves saving money and getting something for nothing. It is why coupons exist and why they are so deeply entrenched in U.S. product marketing. Manufac-turers and service companies employ them to launch new items, attract new customers, and build …

Raising the profile of managing general agents in the U.S. and abroad

Outgoing American Association of Managing General Agents President Francis Johnson likes to say that the AAMGA is “an exclusive group” but not an “excluding group.” Johnson, who with his two brothers owns Johnson & Johnson Inc. in Charleston, S.C., has …

Brokerage Watch

Stock Prices: Although P/C broker stocks were up 7 percent during the February/March period, Aon Corp. continued to outperform the sector trading up 21 percent for the two-month period. The company reported fourth quarter and full year 2005 results in …

Kids and Cars puts in motion a grassroots campaign to reduce backovers

Sometimes common sense is all one needs to reduce a child’s risk of getting hurt. Sometimes it requires technology. A coalition of parents and safety groups, including the American Academy of Pediatrics, are counting on both those things — and …

GEICO settles lawsuit over discount policy

Californians who purchased auto policies from GEICO and were denied a discount for not having proof of prior insurance will receive refunds as part of a settlement between the company and a consumer advocate group. Government Employees Insurance Co., also …

Top meteorologist predicts 17 named storms will form in Atlantic Basin

A well-known meteorologist is predicting that 17 named storms will form in the Atlantic Basin during the 2006 hurricane season, and the 2006 Atlantic hurricane season will be much more active than the average 1950-2000 season. Prof. William M. Gray, …

New law pushed by agents may hamper Nevada mining watchdog group

The chief proponent of a new law cited by Nevada in trying to block a mining industry watchdog group’s efforts to stop pollution from an old Nevada gold mine said that he didn’t envision the law being used that way. …

Archdiocese uses reserves to settle sex-abuse claims, pays $5.25 million

The Seattle Archdiocese looked deep into its reserve funds to cover the cost of settling sex abuse claims, church officials said. Meanwhile, the Roman Catholic Diocese of Spokane, Wash., and one of its main insurance carriers, have agreed to a …

POLL SHOWS DRIVERS DON’T SAVE MONEY IMMEDIATELY BY OWNING A HYBRID VEHICLE

Most new-car buyers in Washington who are likely to buy a hybrid share a common misconception that owning a hybrid car will save them money through better mileage, according to PEMCO’s Northwest Insurance poll. The Seattle-based insurer’s poll showed that …