Look Back Before Moving Forward
5 Critical Areas to Review For many, 2010 was another tough year. A number of you are probably disappointed in how little you “accomplished” this past year. You may even feel that you have had a set back. Some of …
It Figures
10,000 Estimated number of people killed over the last decade when they were ejected from vehicles during rollovers. The National Highway Traffic Safety Administration (NHTSA) is ordering car manufacturers to develop new approaches, such as larger side airbags, to limit …
New York Insurers Applaud Plan to Merge State’s Regulatory Arms
A key trade group for insurers in New York State applauded a proposal by Gov. Andrew Cuomo to merge the state’s insurance regulatory arm into a single agency overseeing insurance, banking and consumer protection. The proposal for the so-called Department …
Monoline Policies and the Art of Cross-Selling
Why Cross-Selling Depends on the Initial Sale Everyone in insurance sales knows the value of cross-selling additional protection to existing insureds. This highly desirable action generates the easiest new commissions of all, while aiding an agency’s retention ratio. That’s because, …
New York ‘Crash Tax’ Roils Insurance Industry
Trade Groups Lash Out at Proposed FDNY Charges for Accident Response The insurance industry spoke out against what it is calling a hidden “crash tax” during a public hearing in New York City earlier this month. Under the proposal, the …
Much State Regulatory Ado About Little
Home State Taxation Under the NRRA As of July 21, 2011, the Nonadmitted and Reinsurance Reform Act (NRRA), also known as Subtitle B of the Dodd-Frank Wall Street Reform and Consumer Protection Act, reshapes the landscape for state taxation of …
New York Drops Last Marsh Bid-Rigging Criminal Cases
New York dropped the last two criminal cases tied to a 2004 bid-rigging scandal involving Marsh & McLennan Cos. after failing to win convictions of any of the eight insurance executives indicted. The state attorney general’s office has dismissed its …
Signs Point to Growth This Year
It’s looking like 2011 should be an interesting year in the insurance world, with Republicans in Congress aiming to take down the new health insurance reform laws and states trying to figure out how to deal with the new regulations …
My New Markets
Gas Station Market Detail: Cal-Regent Insurance Services works with commercial insurance brokers as a specialist in garage liability and commercial auto coverage packages. Can work with hard-to-place risks and risks with any loss history; comprehensive and competitively priced coverage offerings. …
People
Washington D.C.-based broker Ames & Gough has named Christine Payne as senior account manager. Payne, who has more than 25 years of insurance industry experience, will oversee service and insurance placements for a wide range of clients in the Washington, …