Monthly Archives: <span>August 2002</span>

WILLIS CHOOSES THE HARTFORD’S BMG

The Hartford Financial Services Group announced its Business Management Group (BMG) will provide agency management expertise to Willis Commercial Network as the latter prepares to expand its U.K. operation throughout the United States, starting in the first quarter of 2003. …

GUY CARPENTER UPDATES MANAGING TERROR RISK

Success in managing terror risk will come only through unprecedented collaboration between the public and private sectors, and the insurance and reinsurance industries must play a leading role as the tools to assess, quantify and manage this risk are within …

AAI ENCOURAGED BY SENATE CONFEREE APPOINTMENTS

The Alliance of American Insurers called the recent appointment of U.S. Senate conferees for the terrorism insurance bill a great stride toward ultimate passage of the legislation. “We’re very encouraged that the Senate conferees have been appointed,” David Farmer, Alliance …

SWISS RE DETERMINES ACTUAL VALUE AMOUNT FOR WTC

Swiss Re announced that there are no circumstances under which World Trade Center leaseholder Larry Silverstein can ever recover more than $3.5 billion of insurance proceeds under the coverage he purchased. Swiss Re’s experts established the true value of Silverstein’s …

SAFECO REPORTS 2NDQ GAINS

Seattle-based SAFECO has reported second-quarter income before charges and gains of $46.8 million, or $0.37 per diluted share. This compares with a loss of $33.4 million, or $0.26 per share, in the second quarter of last year. Net income, including …

COLO. COMMISSIONER RESIGNS

Colorado Insurance Commissioner William Kirven III announced his resignation from the Division of Insurance. “The governor asked for his resignation, and he will pursue other career options,” spokesperson and Public Affairs director Deborah Collette told Insurance Journal. The Denver Post …

All Aboard the Technology Train

The technology train arrived years ago and those that chose not to purchase a ticket are finding out that they very well may be left behind at the station. In a day and age when hits, HTML, links, and software …

Vacation Homes Not Always Vacation for Agents

Whether it’s an oceanfront home on the coast of Florida or a cottage situated high in the Colorado mountains there are a number of reasons your high net worth clients may wish to purchase a vacation home. Some view such …

Making the Internet Work for You

TIP 1 To Build “E-Loyalty,” Look To Your Competitors Here’s what’s really scary: It doesn’t require a lot of resources to build a relationship program on the Web. Therefore, some of your competitors are not only establishing relationship-marketing programs; they …

Agents Turn to State Department Web Sites to Stay on Top of Information

Whether it is obtaining information on licensing or getting the latest updates on fraud, many agents across the country rely on their respective state’s insurance department Web sites to get useful information. In California and Texas, the volume of hits …