Operations News

Michigan AAA Warns on Distracted Driving

Michigan’s AAA organization took issue with a just released study by Harvard University’s Center for Risk Analysis, that seemed to imply there were some benefits to be derived from the use of cell phones. Not when it comes to driving. …

SIAA to Offer ebix.com’s Agency Management System

Atlanta-based ebix.com Inc. signed an agreement under which the company will create a private label version of ebixASP specifically for the members of SIAA, a network of independent agents. According to ebix.com, SIAA members will be getting an Internet-based agency …

NAIC Adopts Terrorism Bulletin One Week Prior to San Diego Meeting

In an interim meeting this week, the National Association of Insurance Commissioners (NAIC) adopted a bulletin that outlines regulators’ expectations regarding filing of rates, policy form language and disclosure notices to policyholders in light of passage of the Federal Terrorism …

Travelers Makes Real-Time Policy Available Through Applied Systems Agency Management Systems

Travelers Property Casualty has made available real-time policy view to independent commercial insurance agents and brokers directly through their Applied Systems agency management systems. The capability, called Electronic Policy View (EPV), allows agents to access, view, print and save commercial …

Harleysville Mutual to Acquire Penn Mutual

Harleysville Mutual Insurance Company, which owns 56 percent of Harleysville, Pa.-based Harleysville Group Inc., announced an agreement to acquire the operations of Penn Mutual Insurance Company. “The in-market acquisition of Penn Mutual’s operations reinforces our position as a premier insurance …

Three Strikes to Lower Agency Value

In the past year or so there have been some notable acquisitions of agencies that were pushing the agency value envelope. For some cases, banks were making their platform acquisition and thus willing to pay top dollar to their first …

Time to Start Thinking About Outsourcing Payroll

With 2003 just around the corner it’s not too early to make a new year’s resolution. This year, why not make a vow to eliminate your payroll pains? Whether you process payroll manually or use a service, the time is …

S&P’s Affirms CIC

S&P’s affirmed its “AA-” counterparty credit ratings and FSR on The Cincinnati Insurance Co., The Cincinnati Life Insurance Co., The Cincinnati Casualty Co., and The Cincinnati Indemnity Co. (collectively referred to as CIC) based on CIC’s strong competitive position, which …

Acord New Head of Trusted Choice Branding Initiative

Larry Acord, with 25 years of experience in company and agency branding and marketing, is the new vice president of Trusted ChoiceSM. Acord, who formerly was vice president of sales and communications for National Grange Mutual, a subsidiary of the …

AMS, The Hartford Offer Rating, Agency Management Integration

AMS Services of Windsor, Conn. and The Hartford Financial Services Group of Hartford, Conn. announced the launch of a bridge allowing users of AfW and AfW Online management systems, or AMS rating products (QuoteWorks East and West) to transfer their …