Operations News

Hartford Study Says Producer Compensation Tied to Agency Size, Profitability

Revenues and profitability largely determine the total compensation levels for insurance agency owners, executives and producers, according to the new Business Management Group (BMG) 2002 Owner, Executive & Producer Compensation Survey. The survey found the level of compensation for producers …

Afni Insurance Services Releases CSR24 for Agents, Brokers

Afni Insurance Services has made available CSR24 for agents and brokers using the AMS Prime agency management system. CSR24 now extracts customer, policy, underwriting and coverage data directly from the AMS Prime system enabling Prime agencies to offer comprehensive (policy …

MS/B and Alacrity Services LLC Form Alliance

Atlanta-based provider of structural loss estimates and direct repair programs for property insurers, Alacrity Services LLC—owner of ptc-NET(TM)—and Marshall & Swift / Boeckh (MS/B), a provider of building cost data and estimating technology to the property insurance industry, announced a …

Trumbull Services Releases Web Enabled Subrogation Software

Trumbull Services L.L.C. of Windsor, Conn., a provider of outsourcing and technology services to the property and casualty insurance industry, introduced the release of their latest version of Subrosource(SM) Subrogation Software at the National Association of Subrogation Professionals (NASP) 2002 …

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 …

New Orleans Agent Receives InVEST’s Dach Award

Albert S. Pappalardo Jr. of Pappalardo Companies Inc., New Orleans, is the recipient of the 2002 Steven Dach Award, given by InVEST, a business-education partnership training high school and community college students in insurance agency and company operations and encouraging …

The National Alliance Producer School Visits Calif. In Jan. 2003

The National Alliance School for Producer Development will conduct an intensive, three-week producer training school in the San Francisco, California area Jan. 19 through Feb. 7, 2003. The National Alliance School for Producer Development, also called the “Producer School,” is …

S&P Affirms Cincinnati Insurance Co ‘AA-‘ Ratings

Standard & Poor’s Ratings Services announced that it has affirmed its double-‘A’-minus counterparty credit and financial strength ratings on The Cincinnati Insurance Co., The Cincinnati Life Insurance Co., The Cincinnati Casualty Co., and The Cincinnati Indemnity Co. (collectively referred to …

TechAssure to Hold National Meeting in Dallas

The TechAssure Association Inc. announced its Fall Members’ Conference will take place on November 17-19 at The Adolphus in Dallas, Texas. TechAssure is an independent affiliation of agents and brokers focused on solving risk management needs of the technology community. …

NAII Submits Comments to Regulators

Wrapping up a year of work, the Privacy Notification Subgroup of the National Association of Insurance Commissioners (NAIC) is accepting comments from industry and other interested parties on its draft of language and analysis that companies can utilize when crafting …