A.M. Best Co. affirmed the group financial strength rating of “A++” (Superior) of National Indemnity Group (NIG), based in Omaha, Neb. The rating applies to National Indemnity Company and its eight affiliated property/casualty and life insurance companies that support the …
Fitch Ratings assigned an “AA” rating to MBIA Inc.’s $200 million 20-year senior debt offering. The bonds will bear interest at the rate of 6.4 percent per year. The company intends to use the net proceeds for general corporate purposes …
One consistent trend throughout the United States is the difficulty in finding people to fill job openings. No matter where I travel, I hear this lament from agency owners and managers. In some areas of the country, there are price …
We have all heard the old adage that to succeed we need to do one thing and do it well. That might be one formula for success, but it is not the only one. There are two main types of …
Today, more than ever before, the independent agent needs to reduce expenses and increase income. In order to accomplish this, an agency needs to establish processes that incorporate four cornerstones to effective procedures. They are: Efficiency, E & O Protection, …
When I was a student in college and majoring in insurance, my professors used to tell us that there was a crying need for good, educated insurance agents. In their opinion, there were too many agents who were insufficiently trained …
The National Association of Insurance Women-San Antonio and the Independent Insurance Agents of San Antonio are jointly sponsoring “Underwriting for Non-Underwriters,” a seminar to be held October 2 in San Antonio. The seminar will take place at the Olympia Hills …
Ten insurance companies specializing in program business have signed on to participate in Target Markets Program Administrators Association’s Second Annual Summit meeting to be held in Tempe, Ariz. October 21-24. Included are: The St. Paul Companies, Gulf Insurance Group, AIG …
Texas Attorney General John Cornyn filed suit in Houston against Mold Restoration Inc., a mold remediation company, to stop alleged practices that have left many homeowners with unfinished restoration and increased damage to their houses. Although MRI was hired to …
Arkansas State Insurance Commissioner Mike Pickens issued a Cease and Desist Order to AMS Staff Leasing NA Inc., a company that the insurance department alleges had been illegally offering workers’ compensation insurance in the state. The department also charged AMS …
