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News Currents

Jun 4 2007 // N.J. agents view insurance companies’ real time capabilities Nearly 150 New Jersey insurance agents recently got a firsthand look at how real time transactions work and save time. The Get Real Time program held last...

Editor’s Note: Repeat performance

Jun 4 2007 // The results are in and they bear repeating and repeating and repeating. Three-quarters of consumers are very satisfied with the service provided by their insurance agents and remain committed to working with them in the...

10 2007 Atlantic hurricane season to be busy one

Jun 4 2007 // Will forecasters’ warnings prove accurate this year? 10 N.H. on risks with no Social Security Numbers Carriers can’t refuse to quote- so what do they do? 10 Newport’s mansions develop hurricane...

Jun 4 2007 // People Chicago-based Aon Corp. reported that David P. Bolger, executive vice president, chief financial officer and chief administrative officer, will leave the company after the appointment of his successor. Bolger will...

Editor’s Note: Repeat performance

Jun 4 2007 // The results are in and they bear repeating and repeating and repeating. Three-quarters of consumers are very satisfied with the service provided by their insurance agents and remain committed to working with them in the...

People

Jun 4 2007 // National Insurance Partners Inc. (NIP), a Texas-based risk management and financial solutions firm, has appointed William E. Harrison, Jr. as president. Harrison brings 16 years of experience in the insurance industry to...

Tough products don’t need to be an underwriting challenge

Jun 4 2007 // Skis, ladders, pacemakers and nutraceuticals may be different products at first glance, but all share challenges in finding coverage. According to Nan Meyer, product manager for Shand-Morahan, and David Rosenburg,...

Protecting against floods

Jun 4 2007 // Flooding caused by hurricanes and tropical storms can wreak havoc along the Eastern Seaboard and Gulf Coast from June through November. However, that flood risk is not limited to summer and fall months alone, nor to just...

From Cuba to Capitol Hill

Jun 4 2007 // Alex Soto, president of the large InSource agency in Miami, and president of the Independent Insurance Agents & Brokers of America, is not afraid to speak his mind or criticize his own industry. He’s familiar...

People

Jun 4 2007 // Emeryville, Calif.-based Commodore Insurance Services Inc. appointed Mark Cravens president. Cravens was recently with Wellington Underwriting, which was acquired by Catlin, where he led development of catastrophe modeling...

News Currents

Jun 4 2007 // Survey: 75% of consumers satisfied with insurance agents; personalized service Three-quarters of consumers are very satisfied with the service provided by their insurance agents and remain committed to working with them in...

Gallagher leader says carriers’ and brokers’ service to risk managers today ‘stinks’

Jun 4 2007 // When it comes to the service carriers and brokers provide to today’s risk managers, the quality of that service “stinks,” according to J. Patrick Gallagher Jr., chairman, president and CEO of broker...

Wis. Wausau Survey Reveals Trends in Lines of Commercial Insurance

May 30 2007 // Spurrred by advice from their agent or broker, commercial insurance buyers show increasing interest in buying more than one line of coverage from a carrier, according to a new survey commissioned by Wis.-based Wausau...

Risk Managers Take Strong Stand Against Contingent Commissions

May 30 2007 // The largest association of commercial insurance buyers has stepped-up its opposition to the acceptance of contingent compensation by any agent or broker, calling such compensation “an inherent conflict of...

3 Agencies Earn Target Markets Best Practice Designation

May 30 2007 // The Target Markets Program Administrators Association (TMPAA) awarded three member agencies its Best Practice Designation at ithe association’s recent midyear meeting in Atlanta. Agencies receiving the Best Practice...

Texas Alerts Agents About Investigation Into Nontraditional Product

May 30 2007 // The Texas Department of Insurance issued an alert to agents and consumers concerning a nontraditional insurance product offering it is investigating. The bulletin advised Texas insurance agents to exercise caution with...

Law Enforcement to be First Users of Texas’ Financial Responsibility System

May 29 2007 // A statewide system to verify that drivers in Texas have insured their vehicles to the extent required by law is in the process of being developed and is expected to go online in early 2008, according to one individual...

S&P Assigns ‘B’ Ratings to Hub Int’l.

May 29 2007 // Standard & Poor’s Ratings Services has assigned its “B” counterparty credit rating to Hub International Ltd. with a stable outlook. S&P also assigned its “B” senior secured debt...

FERMA Calls EC Broker Commission Rules ‘Not Entirely Satisfactory’

May 29 2007 // The Federation of European Risk Management Associations notified the European Commission that the level of transparency of broker commissions is still “not entirely satisfactory.” FERMA first proposed changes...

Swiss Re, Big ‘I’ Ink 5-Year Pact On E&O Coverage

May 29 2007 // The Independent Insurance Agents and Brokers Association of America and Swiss Re’s Commercial Insurance have signed an agreement for Swiss Re to be the endorsed errors and omissions carrier of the Big I for five more...