The insurance technology platform that promises to streamline transactions between insurance agents/brokers and their carriers now has a formal advisory board to guide data privacy, pricing and other policies. The new Insurance Exchange Trust Inc. is charged with overseeing the …
As insurance brokers feared, the Obama Administration has not exempted broker commissions from the formula for the medical loss ratio that health insurers must adhere to beginning in 2011. Brokers say they may ask Congress to intervene if the medical …
Today’s soft insurance market, reduced commissions and a tough economy for agency owners and their clients might be adding to agency errors and omissions (E&O) exposures. But agency owners are not the only ones in an agency who should be …
Managing multiple leaves of absence and the return-to-work process may require navigating a maze of complementary and conflicting requirements. Yet it’s important to manage these decisions properly, as appropriate “risk prevention keeps profits in [employers’] pockets,” according to Patricia Eyres, …
Rockwood Reduces Premiums for Its Life Agent E&O Product Rockwood Programs, Inc. has implemented premium reductions of about 20 percent for its life agent’s errors and omissions (E&O). More significant savings will be available to life agents generating less than …
France’s AXA Group held its Autumn Investor Seminar in Paris on Monday, at which members of the insurer’s management team presented an update on its growth and capital management strategy, as well as the priorities of its Life & Savings …
Lloyd’s of London notes that “after almost a decade of development regulators are now putting the finishing touches to Solvency II, new rules governing European insurers’ capital adequacy. The regime is set to modernize the way European insurers are supervised, …
Golden Eagle Insurance, a Liberty Mutual Agency Corp. regional company, has appointed Spencer J. Donkin president and CEO. Donkin joins Golden Eagle Insurance from Liberty Mutual Agency Corpo.’s Regional Companies Group, where he was senior vice president of Agency Management. …
Frost Insurance in Austin, Texas has promoted Sheri Smyth to vice president of personal lines. Smyth, a 23-year insurance industry veteran, manages the personal lines department’s growth and retention efforts and implements strategic programs and best practices at the Austin …
With organic growth difficult in the current economy and soft market, there could be an increase in insurance industry merger and acquisition activity over the next 12 to 18 months, according to mergers and acquisitions experts. But the experts at …
