Latest Talent Headlines

New York Hearings Pit Agents Against Compensation-Reformers

Jul 17 2008 // A top executive for a key insurance broker urged New York regulators to quash the practice of insurance agents taking contingent commissions, despite calls from agents that the practice would hurt their businesses, and do...

A.M. Best: Few Companies Excel at Managing Through Market Cycles

Jul 15 2008 // The findings from A.M. Best Co.’s cycle management study show just how difficult it is for property/casualty companies to surpass the performance of their peers on a consistent, long-term basis. Only 14 percent of...

Not All N.Y. Workers’ Compensation Self-Insurance Trusts are in Trouble

Jul 11 2008 // New York officials have closed 14 workers’ compensation self-insured trusts in the past few years and questioned the financial stability of 22 others. However, that still leaves 29 group trusts operating in the state...

New York To Webcast Agent-Compensation Hearing on Monday

Jul 11 2008 // The New York State Insurance Department and attorney general’s office will hold the first of three scheduled public hearings on insurance agents’ compensation arrangements on Monday in Buffalo. The meetings,...

Oklahoma Governor Appoints 4 to Workers’ Compensation Court

Jul 9 2008 // Oklahoma Gov. Brad Henry has appointed four people to the state’s Workers’ Compensation Court. The three new members of the court are Robert Lake Grove of Oklahoma City, William R. Foster of Norman and Eric W....

Jul 7 2008 // People McQueary Henry Bowles Troy LLP (MHBT) added Jim Anderson as senior vice president in the Dallas-based firm’s property/casualty group. Anderson will oversee the production and account management of...

Republican Brady Quits Government Jobs for Delaware Insurance Race

Jul 3 2008 // Republican House attorney John Brady has resigned from his General Assembly position to prepare for his campaign for state insurance commissioner. Brady stepped down so to avoid any conflict of interest or concerns about...

West Virginia Workers’ Compensation Market Opens to Competition

Jun 30 2008 // All of West Virginia employers, other than governmental entities, can for the first time, shop their workers’ compensation coverage among carriers in a competitive market. Insurance Commissioner Jane L. Cline said...

Tennessee Rally Highlights Sick Cold War Workers Seeking Compensation

Jun 27 2008 // Former Cold War workers and their supporters rallied in Oak Ridge, Tenn. to demand help for workers made ill from exposure to hazardous and radioactive materials in the government’s nuclear weapons facilities. The...

Beacon Mutual Cuts Workers’ Compensation Rates in R.I. 7.2%

Jun 24 2008 // Beacon Mutual Insurance Co., Rhode Island’s largest workers’ compensation carrier, reported that it will implement a 7.2 percent average decrease in rates that has been approved by the Department of Business...

North Carolina Mortgage Insurance Firm Triad Guaranty Cutting 100 Jobs

Jun 23 2008 // A mortgage insurance company in Winston-Salem, North Carolina says it is cutting 100 jobs as the housing crisis continues. Triad Guaranty Inc. said 65 jobs will be eliminated in Winston-Salem, beginning June 30 because of...

Embattled Vermont Hotel Lacked Workers’ Compensation Insurance

Jun 23 2008 // The Cortina Inn in Killington, Vermont, which closed two months ago after being linked to Legionnaires’ disease, has filed for bankruptcy. But a bankruptcy court judge in Connecticut dismissed the inn’s case...

Aon Names Soeteman-Reijnen Managing Director – Europe, Middle East, Africa

Jun 18 2008 // Aon Risk Services has appointed Marguerite Soeteman-Reijnen as managing director, head of broking excellence for Aon Europe, Middle East and Africa (EMEA), with immediate effect. The bulletin from Aon’s London office...

Drive for Diversity

Jun 16 2008 // Companies big and small — in and outside the insurance industry — can reduce risk and increase profits by improving diversity. And improving diversity can help a company to avoid potential lawsuits and claims,...

Premium Financing Compensation Disclosures: Are You in Compliance?

Jun 16 2008 // Failing to Disclose Could Lead to Lawsuits Many insurance brokers and agents who perform services for premium finance companies may unwittingly violate certain disclosure requirements under the California Insurance Code...

Montana High Court Rejects Compensation Board’s Lawsuits

Jun 9 2008 // The Montana Supreme Court has upheld a lower court’s rulings against the state Petroleum Tank Release Compensation Board. The board had sued four insurance companies for compensation for more than $2 million in...

Hispanic Workers Have Higher Risk of Death on the Job

Jun 9 2008 // The death rate for Hispanic workers is consistently higher than the rate for other U.S. workers, with nearly 35 percent of those deaths occurring in the construction industry, according to a report by the Centers for...

Aviva to Reorganize Norwich Union; Up to 1,800 Jobs Targeted

Jun 9 2008 // Aviva PLC, the UK’s largest Insurance group, announced plans on Friday, June 6, to slash up to 1,800 jobs at Norwich Union, its UK general insurance business, by the end of 2010 as part of a structural...

Texas Agent Group’s Recruiting Manager to Help Members Find Staff

Jun 9 2008 // Colleen O’Sullivan has joined the Independent Insurance Agents of Texas as the organization’s first-ever recruiting manager. Sullivan’s duties will include assisting the IIAT’s Trusted Choice...

Texas Workers’ Compensation Commissioner Resigning

Jun 4 2008 // Texas Department of Insurance Division of Workers’ Compensation Commissioner Albert Betts will resign his post effective Aug. 31, 2008, the insurance department announced. Betts was appointed as the first...