Yearly Archives: <span>2006</span>

IND. SUPREME COURT ADDRESSES ATTACK ON COMPENSATION RATING BUREAU

The Insurance Institute of Indiana and the National Association of Mutual Insurance Companies applauded the decision by the Indiana Supreme Court to deny transfer on a case filed against the Indiana Compensation Rating Bureau. According to the insurance trade groups, …

Not all agents oppose an optional federal charter

The Commissioners are now fully prepared to go before their various legislative committees with recommendations for a system of insurance law which shall be the same in all States — not reciprocal, but identical; not retaliatory, but uniform. This statement …

Why agents oppose Sen. Sununu’s optional federal charter

The Independent Insurance Agents & Brokers of America, and New Hampshire, (the Big “I”) strongly oppose S. 2509, the National Insurance Act of 2006, introduced recently by our own Sen. John Sununu (R-N.H.) and his colleague, Sen. Tim Johnson (D-S.D.). …

Close to home: 1906 revisited

April 18 marks the 100th anniversary of the Great San Francisco Earthquake of 1906, a catastrophe that affected thousands of lives, caused hundreds of millions of dollars in damage and generated aftershocks in insurance and engineering communities that continue to …

Acquiring minds want to know how even smaller firms can buy agencies

Small to mid-sized retail independent 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 …

HARTFORD TO CHARGE INSURERS FOR EMERGENCY SERVICES

Fire protection and medical help remains free, but the Hartford, Conn. Fire Department is set to begin charging insurers for other emergency services. The department will begin billing insurers for certain situations such as getting people out of crushed vehicles …

Not all agents oppose an optional federal charter

The Commissioners are now fully prepared to go before their various legislative committees with recommendations for a system of insurance law which shall be the same in all States — not reciprocal, but identical; not retaliatory, but uniform. This statement …

Mass. makes health insurance history by making it compulsory

Everyone pays their part: individuals, government, health care providers and employers,” proclaims the document outlining the latest plan to expand health insurance to all citizens in Massachusetts. The Commonwealth is sailing into uncharted waters by becoming the first state to …

Northeast states fair well in legal system fairness rankings by Chamber of Commerce

Northeast states fared fairly well in the latest U.S. Chamber of Commerce ranking of states’ civil justice systems, with several in the top 10 favorites. The survey ranks states from best to worst on legal fairness based on a survey …

Agencies move beyond strategy toward practical real-time rating

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 …