workers’ compensation News

Calif. State Fund: Getting Better Day by Day

Agents, Brokers Will Have Even Bigger Part in State Fund’s Distribution Strategy In the ever controversial topic of workers’ compensation insurance in California, State Compensation Insurance Fund President and CEO Tom Rowe seemingly offers a bit of Zen. Rowe, who …

10 Ways to Make Insurance Agencies More Successful… Now

Insurance Agency Marketing Requires Careful Planning and Constant Implementation A revolution is underway that is having dramatic effects on insurance agencies, and the entire world. In the simplest terms, no one wants to do anything they don’t want to do. …

It Figures

$300,000 Amount members of the Independent Insurance Agents and Brokers of Washington have put toward the campaign to pass Washington voter initiative I-1082. The initiative would open up the state workers’ compensation insurance system to the private market. Currently, the …

People

Juan Andrade stepped down as Commercial Markets president at The Hartford to join Ace as president of the insurers’ Global Personal Lines and Small Commercial Insurance division. He will assume the new position with Ace in December. Andrade joined The …

The Secret for Client Loyalty

Client Appreciation Means Much More Than a Happy Customer We all know that insurance is a relationship business. Now, more than ever is the time for agents and brokers to reinforce the relationship with clients. What is the secret for …

Soft Market Persists; Fierce Competition to Continue into 2011: Marsh

Soft commercial insurance market conditions persisted through the third quarter of 2010, with lower rates on average across major coverage lines, according to a new report from broker Marsh. Intense competition and overabundance of capacity continue to define the commercial …

Business Moves

Hub, Burnham & Co. Chicago-based broker Hub International has acquired Burnham and Company Inc., of New Jersey. Terms of the deal were not disclosed. Burnham, based in Englewood Cliffs, has approximately $4 million in annual revenue. It will become part …

Rhode Island Grand Jury Indicts Former Beacon Mutual CEO

A Grand Jury has indicted the former head of Rhode Island’s dominant workers’ compensation insurer, charging him with stealing from Beacon Mutual Insurance Co. Attorney General Patrick Lynch said that Joseph Solomon faces one count of larceny over $500 and …

How a Smaller Georgia Agency Plays with the Big Boys

This is the David versus Goliath story of how the Mallory Agency, a small independent insurance agency in LaGrange, Georgia, has faced off against bigger agencies and won. Its weapons: “face time,” professional training, and smart, not big budget, marketing. …

It Figures

1,394 The number of miners participating in a settlement with Dow Chemical Co. and Flexible Products Co. in an Alabama court over the miners’ claims they were exposed to hazardous chemicals. The surprise settlement came at Tuscaloosa Circuit Court just …