Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
Louisiana’s Robert Wooley: Leaving office, not the industry
Feb 20 2006 // Louisiana Insurance Commissioner Robert Wooley announced he would step down as commissioner Feb. 15, 2006, leaving the office he has held since 2000. Although he is returning to the private sector, Wooley indicated he...
Often overlooked, accurate insurance-to-value should be a priority
Feb 20 2006 // When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the risks they assume. Adequate ITV is not an issue to be taken...
When the nonprofit insurer is itself a nonprofit
Feb 20 2006 // Over the years, many a vexed property/casualty insurance company chief executive has joked about his firm being a nonprofit, blaming pricing regulation, market cycles, high loss ratios, low investment income or some...
Agents allege red-lining by ANPAC in Texas court case
Feb 20 2006 // A group of agents recently won a round in a Texas court in their fight to have documents released. Deemed “trade secrets” by American National Property & Casualty Co., they were made available to the...
Living the dream
Feb 20 2006 // Points and clicks have the insurance industry moving faster than it ever has before. But just imagine being able to go online to receive competing rates for an account from multiple carriers just once. There’s no...
How to keep your non-standard auto clients
Feb 20 2006 // When selling non-standard auto insurance, do you know how to retain your clients or are you driving away the business? There are a number of factors that affect retention, including: Finance method and...
Seven tips for successful process outsourcing and boosting productivity
Feb 20 2006 // Outsourcing often receives a bad rap, with large corporations using it to reduce staff count, bureaucracy and overhead. However, for small- and medium-sized insurance agencies, outsourcing can be a valuable, even critical,...
When the nonprofit insurer is itself a nonprofit
Feb 20 2006 // Over the years, many a vexed property casualty insurance company executive has joked about his firm being a nonprofit, blaming pricing regulation, market cycles, high loss ratios, low investment income or some combination...
AGENCY MANAGEMENT RESOURCE GROUP HOLDS PRODUCER SCHOOL
Feb 20 2006 // The Ultimate Producer School, provided by Agency Management Resource Group (AMRG) is hosting its next school starting in April 2006 in Sacramento, Calif. The school combines technical coverage information, emphasizing...
Often overlooked, accurate insurance-to-value should be priority
Feb 20 2006 // When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the risks assumed. Adequate ITV should not be taken lightly. If...
Broker acquisitions remain active; stock prices drop slightly
Feb 20 2006 // Stock Prices: After four straight months of gains in the brokerage sector, stock prices fell 1 percent during the December/January period. This is particularly notable since the sector traded up 6 percent in...
WHAT E&S BROKERS PAY
Feb 20 2006 // More than three-quarters (77%) of wholesalers and brokers said that firm salaries increased in 2005 compared to 2004. Nearly half (49%) of all E & S firms answering Insurance Journal’s survey reported paying...
Growing Your Property Casualty Agency
Feb 20 2006 // Hiring a relative can be a terrific or a terrible move. Unfortunately, it isn’t always easy working with your relatives, day after day. Personal and professional problems frequently arise. Regardless, for years,...
What lies beneath the surface of a yacht policy?
Feb 20 2006 // Although no standard such as ISO exists for the yacht insurance industry assuring consistency from carrier to carrier, most policies offered by domestic carriers have become fairly consistent in their coverage offering....
Closer Look: Producer Liability
Feb 19 2006 // Keeping up with increasing liability as clients expand Property/casualty insurance agents and brokers are being exposed to more lawsuits as they move into unfamiliar products, states and technologies, and as their own...
Editor’s Note: Real-time has come
Feb 19 2006 // Prompt adoption by agencies of the technology is important because the companies and vendors are closely monitoring agency usage in deciding whether to invest in it further. Imagine going online to receive competing rates...
People
Feb 19 2006 // United America Indemnity Ltd.’s board of directors has selected Joseph F. Morris as its president. The company will also consolidate its two U.S. insurance subsidiaries, United National Group and Penn-America Group,...
Young agent tricks and treats
Feb 19 2006 // Like many of you, I started my insurance career with an empty desk and a phone. Over the years I have learned some tips or ‘tricks’ I have used effectively to generate sales. Cold calling was the first lesson I...
CPCU speaker describes what to watch out for with Certificates of Insurance
Feb 19 2006 // Certificates of Insurance: The Second Most Dangerous Piece of Paper,” including specifics about various insurance contract terms and provisions, and what to do and not to do with certificates of insurance were...
Young agent tricks and treats
Feb 19 2006 // Any activity done ouside the office is always better than doing something in the office. Like many of you, I started my insurance career with an empty desk and a phone. Over the years I have learned some tips or...
