One way that agency owners can keep their employees happy in today’s tough times is by making their compensation more accountable to agency growth. Al Diamond, president of the Agency Consulting Group, says in agencies where owners have decided to …
14% The Michigan Catastrophic Claims Association assessment to insurance companies will go up by 14 percent on July 1, from $124.89 to $143.09 per insured vehicle. The new rate is effective July 1, 2010, to June 30, 2011. The fund …
Construction Slowdown “The proliferation of foreclosures is a dark cloud that overshadows the construction industry.” —Ken Mayland, president of ClearView Economics, commenting on data that shows construction spending has fallen by nearly 4 percent this year. Most analysts predict a …
State Farm Fire and Casualty Co. filed a lawsuit against the Texas Department of Insurance after the state agency took the unprecedented move of publicizing on its Web site recent rate hike proposals by the company. Texas’ largest insurer filed …
Online marketplace MarketScout and Glenn Hargrove, former CEO of Crump Inc., have teamed up to launch MarketScout Wholesale (MSW), which will combine wholesale brokerage and managing general agency (MGA) services with new distribution technology. Hargrove and MarketScout say they see …
CNA appointed Nancy Osborn branch vice president for its Phoenix and Albuquerque, N.M., offices; and Connie Taylor vice president of its new Los Angeles branch office, scheduled to open in May. Osborn began her insurance career with Travelers in 1980. …
A Louisiana court has rebuffed an insurer’s use of the pollution exclusion and two other exclusions in an “all risk” homeowners insurance policy to deny claims resulting from Chinese drywall. Specifically, the Civil District Court in New Orleans Parish, in …
AmWINS Group, Inc. and Colemont Insurance Brokers announced that the two companies will be combined to form a specialty insurance distributor placing more than $4.8 billion in annual premiums with more than 1,800 employees in 16 countries worldwide. Terms of …
Agency Salary Reveals Who’s Worth What, State of Stff Morals Independent agency salaries maintained or decreased slightly in 2009, but employee morale may be registering at an all time low. And agents don’t expect things to change, at least not …
The Hanover, Campania Group Massachusetts-based insurer The Hanover has completed its acquisition of Virginia-based Campania Group, which provides professional and general liability solutions for durable medical equipment suppliers and healthcare providers, including behavioral health specialists, eldercare providers, and podiatrists. Founded …
