Vic is a computer professional. He makes a good living for his wife and 3-year-old son. They have a nice house in the suburbs and she drives an almost-new Dodge Caravan. Vic uses e-mail, surfs the Web and even dabbles …
Bud Wilson, past president of the Independent Insurance Agents of America, has said to agents: “Choose your companies wisely.” Interpreted broadly, the argument supports any company providing competitive prices and fair compensation to agents. Read literally, the argument says multiple-distribution …
Brown & Brown, Cornwall & Stevens In an effort to increase its strength in the agriculture area, Brown & Brown Inc. recently acquired nearly all of the assets of Cornwall & Stevens Southwest. Cornwall & Stevens Southwest will be merged …
Follow Your Dreams” will be the theme at the 74th annual meeting of the American Association of Managing General Agents (AAMGA) to be held at the Hyatt Regency Grand Cypress in Orlando, Fla. from May 7-11, 2000. “This year [the …
China, PNTR and WTOÐRealism and Caution The current phase of American trade and foreign policy towards China, which began with the recognition of the Communist regime by the Nixon administration in 1972, will reach another milestone on May 22, when …
Many states apply the same drunk driving standards to boat operators as they do to motor vehicle operators. Iowa is the latest state to enact this type of legislation with a new intoxication standard that sets a maximum .10 percent …
Effective May 1, State Farm will no longer participate in Redwood City, Calif.-based InsWeb Corp.’s marketplace for auto, term life, homeowners, condominium and renters insurance. According to Dick Luedke, public affairs specialist for State Farm, the Bloomington, Ill.-based insurer was …
In a rating action taken on April 21, A.M. Best Co. again downgraded the financial strength ratings of all Frontier Insurance Group Inc. (Frontier) insurance subsidiaries (Frontier Insurance Co., United Capitol Insurance Co., Frontier Pacific Insurance Co., Western Indemnity Insurance …
Recent findings of the nonprofit Workers’ Compensation Insurance Rating Bureau (WCIRB) of California present a rather bleak picture of the current state of California’s workers’ comp industry. WCIRB’s summary was a review of preliminary insurer reports of loss and premium …
A “AA-” claims paying ability rating was assigned to Factory Mutual Insurance Company (FM Global) by DCR. DCR indicated that last year’s merger between Allendale Mutual Insurance Company, Protection Mutual Insurance Company and Arkwright Mutual Insurance Company, which resulted in …
