Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Insurers unlikely to alter credit scoring as agencies pursue uniformity
Apr 3 2006 // The decision by the three major consumer credit reporting agencies to create a more uniform credit scoring system is not expected to have a major impact on insurers’ use of credit in rating personal lines insurance...
New uniform credit agencies’ scoring system not likely to impact insurers
Apr 3 2006 // The recent announcement by the three major consumer credit reporting agencies that they have created a new credit scoring system aimed at simplifying the loan process likely will not have a major impact on insurers’...
Leverage agency resources by retaining your talent
Apr 3 2006 // (Editor’s note: This is the fifth in a series of articles offering “best practices” suggestions for the hiring process in the independent agency. More information is available at iiat.org under Agency...
Leverage agency resources by retaining your talent
Apr 3 2006 // (Editor’s note: This is the fifth in a series of articles offering “best practices” suggestions for the hiring process in the independent agency. More information is available at iiat.org under Agency...
Times Have Changed. Are you still driving this business?
Apr 3 2006 // Can independent agents compete in the nonstandard auto market? The big boys are better organized, financed and dominating the byways. They also are not creating a level playing field. More often than not, large insurers...
WHO TO CALL?
Apr 3 2006 // Multi-State Agencies IBA West (Alaska, California, Oregon, Washington). Web site: www.iba west.com PIA West (Alaska, Arizona, California, Idaho, Montana, Nevada, New Mexico, Oregon, Washington). Phone: (888)...
Western insurance associations: How the West is run
Apr 3 2006 // Editor’s note:This is the first article in a series on Western insurance associations. Part II of this article will appear in a future issue. As people migrate to the West to enjoy the weather and opportunities for...
When insurers play the ratings game
Apr 3 2006 // Publicly traded property casualty insurance companies must serve many masters. To be competitive in the marketplace, they must offer products that meet the needs of consumers, at prices that are competitive with the...
Consumer group accuses Geico, other insurers of unfair underwriting
Apr 3 2006 // A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers. The Consumer Federation of...
Consumer group accuses Geico, other insurers of unfair underwriting
Apr 3 2006 // A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers. The Consumer Federation of...
The London insurance market: The City and the regulators
Apr 3 2006 // For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at...
When insurers play the ratings game
Apr 3 2006 // Publicly traded property casualty insurance companies must serve many masters. To be competitive in the marketplace, they must offer products that meet the needs of consumers, at prices that are competitive with the...
Zurich agents caught in compensation disclosure web
Apr 3 2006 // Independent agents representing Zurich Insurance in the U.S. will have to disclose their income before binding any commercial lines policies for Zurich and some Zurich agents may be denied contingency compensation under...
The London insurance market: The City and the regulators
Apr 3 2006 // For 317 years London’s insurance market in general and Lloyd’s in particular has been adapting to changing conditions both locally and globally. It’s never been easy, but the fact that it has happened at...
New plan helps agents avoid residual market for workers’ comp risks
Apr 3 2006 // Agent and brokers accustomed to sending tough workers’ compensation risks to the residual market may want to consider another solution. The National Council on Compensation Insurance, which prepares workers’...
Downsized D & O
Apr 3 2006 // It hasn’t been healthy. In fact, the directors and officers liability insurance market for super-sized Enrons, WorldComs and the Fortune 1000 has been unhealthy for some time. Looking at the market’s...
Editor’s Note: Uniform disclosure
Apr 3 2006 // This regulation by class action invites a mishmash of rules of disclosure that is likely confuse customers and eventually burden agents. Independent agents for Zurich Insurance are being asked to pay for the sins of...
People
Apr 3 2006 // Lockton Companies, Inc., the Kansas City, Mo.-based privately owned insurance broker, has opened a New York retail office, vowing to target complex middle-market clients and take a focused approach towards the Fortune 1000...
News Currents
Apr 3 2006 // “I personally believe insurers would be better off if they had more standardization, much like the banking industry,” Joel Ario, News Currents New uniform credit agencies’ scoring system not likely to...
ZURICH AGENTS CAUGHT
Apr 3 2006 // CREDIT AGENCIES GO UNIFORM Insurer groups discuss impact TEEN DRIVING TRAGEDIES WIDEN States addressing issue one by one
