Latest Talent Headlines
All the headlines from our Talent Topic Page, ordered by recency.
W. VA. WORKERS’ COMPENSATION AUDIT REPORTS POSITIVE TRENDS:
Dec 6 2004 // An independent audit report for fiscal 2004 shows continued positive financial trends for the West Virginia Workers’ Compensation Commission, according to Gregory Burton, executive director. The report cites a...
Fla. Workers’ Compensation Rules Repealed; Little Effect Expected on Insurance Industry
Dec 3 2004 // The Florida Supreme Court yesterday decided that it lacked jurisdiction and repealed recent changes in Florida’s Workers’ Compensation Rules, but according to knowledgeable industry experts, the action should...
PCI to Host Producer Compensation Seminar in Chicago
Dec 3 2004 // The Property Casualty Insurers Association of America will host a seminar aimed at helping member company executives better understand the legal and regulatory issues related to producer compensation raised by the...
FERMA Survey Finds Risk Managers Question Broker Compensation; More Transparency Needed
Dec 1 2004 // According to a recent e-mail survey, conducted by the Federation of European Risk Management Associations (FERMA), risk managers and their associations have long questioned how brokers are compensated. FERMA queried the...
Execs Predict Shift in Insurance Brokerage Compensation in 2005
Dec 1 2004 // A new poll has found that property casualty executives expect changes in the insurance brokerage and regulatory models to have fundamental and long-lasting effects on the industry, including downward pressure on industry...
NCOIL Releases Broker Disclosure Model in Effort to Address to Compensation Issues
Dec 1 2004 // In an effort to address broker compensation issues that have arisen as a result of New York Attorney General Elliot Spitzer’s and other state investigations, the National Conference of Insurance Legislators (NCOIL)...
Ark. Issues ‘Reminder’ on Producer Compensation
Nov 29 2004 // The Arkansas Insurance Department announced it has begun a general investigation of the insurance practices of Arkansas insurance brokers and insurance companies. In light of the recent “bid-rigging”...
Smith Named Beecher Carlson Managing Director
Nov 23 2004 // Beecher Carlson Holdings Inc. of Atlanta has announced the appointment of Robert “Robbie” C. Smith as a managing director. Smith will focus on acquisition opportunities and talent recuritment. Smith spent the...
Study: Half of Compensation to 9/11 Victims Came from Insurance
Nov 22 2004 // Insurance companies played the largest role in compensating people and businesses hurt by the Sept. 11 attacks, paying slightly more than half of the $38.1 billion in benefits, according to a recent study. The results...
Insurance and Financial Recruiting Firm Launched
Nov 17 2004 // BeOptiMystic.Biz, a recruiting and executive search firm, announced it is open for business with offices in Dallas, Texas, and New York, N.Y. The executive, producer and customer service recruiting and placement firm...
RLI Subpoenaed on Compensation by Ill. DOI
Nov 16 2004 // Peoria, Ill.-based specialty insurer RLI Corp. said it has received a subpoena from the Illinois Division of Insurance in connection with industry-wide investigations into producer compensation agreements. Company...
At Senate Hearings into Broker Pay, NAIC Claims States Get Job Done without Headlines
Nov 16 2004 // New York Superintendent of Insurance Greg Serio, speaking on behalf of the nation’s state insurance commissioners, will tell a Senate subcommittee today that state regulators play a critical role in guaranteeing a...
Independent Insurance Agents Defend Themselves at Senate Hearing over Broker Compensation
Nov 16 2004 // The nation’s largest independent insurance agency group will go before a Senate subcommittee in Washington today to attempt to put some distance between large insurance brokers facing allegations of illegal...
P&C Insurers Call for Compensation Disclosure
Nov 16 2004 // In testimony today before a Senate subcommittee, Property Casualty Insurers Association of America President and CEO Ernie Csiszar urged public policy makers to give careful consideration to efforts that make insurance...
AIA: CAAA Lawsuit will Undermine Workers’ Compensation Reforms
Nov 11 2004 // The American Insurance Association (AIA) issued the statement below in response to the lawsuit filed by the California Applicant Attorneys Association (CAAA) challenging the regulations regarding Medical Provider Networks...
National Alliance Compensation Study Released
Nov 11 2004 // Austin, Texas-based National Alliance Research Academy announced the publication of the third edition of their producer compensation study titled, Producer Profile: Compensation, Production, and Responsibilities. This...
CIAB Makes Recommendations on NAIC Proposed Compensation Regulation
Nov 10 2004 // In a letter to the National Association of Insurance Commissioner President, Diane Koken, who also serves as the commissioner of the Pennsylvania Insurance Department, the Council of Insurance Agents & Brokers...
Ga. Commissioner, PIA Discuss Compensation Issues
Nov 10 2004 // Compensation issues that have been raised in the wake of the recent actions by New York Attorney General Eliot Spitzer were discussed recently by Georgia Insurance Commissioner John Oxendine, Len Brevik, executive vice...
Insurance Paid $20 Billion, More Than Half of Total Compensation to 9/11 Victims, Rand Study Finds
Nov 9 2004 // Victims of the Sept. 11, 2001 terrorist attacks — both individuals killed or seriously injured and individuals and businesses impacted by the strikes — have received at least $38.1 billion in compensation, with...
Workers’ Compensation
Nov 8 2004 // Nuts & Bolts: Appleby & Sterling Inc. is now offering workers’ comp insurance. Dollars: Minimum premium of $3,000, 36 classifications. Carrier: Rated “B++” VIII, admitted. States...
