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 …
S&P’s affirmed its “AAA”/”A-1+”counterparty credit, “A-1+” commercial paper, and “AAA” senior debt ratings on Berkshire Hathaway Inc. because of the company’s extremely strong financial flexibility and earnings diversification and its insurance operations’ extremely strong consolidated capital adequacy. S&P’s outlook on …
S&P’s lowered its long-term counterparty credit and insurer financial strength ratings on various operating entities of U.K.-based Royal & Sun Alliance Insurance Group PLC (RSA) to “A” from “A+” following a decline in the group’s capital adequacy. The outlook is …
Standard & Poor’s lowered its counterparty credit and financial strength ratings on U.S.-based reinsurer PMA Capital Insurance Co. (PMACIC) and regional primary writers Pennsylvania Manufacturers’ Assoc. Insurance Co., Pennsylvania Manufacturers Indemnity Co., and Manufacturers Alliance Insurance Co. (collectively, PMAIG) to …
A.M. Best Co. has 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 …
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 …
Investigators from the CDI arrested a Sacramento couple on two felony counts of insurance fraud for allegedly filing false claims regarding losses they suffered when their home was burglarized and one count of obtaining money by false pretenses. Diljeet Singh, …
Hugo Tapia Lopez, 42, and his wife, Angelica Rivera, AKA Angelica Rivera Munoz, 45, of Arbuckle, Calif., were arrested and booked into the Colusa County Jail as the result of an investigation by the CDI’s Criminal Investigations Branch’s Fraud Division. …
The CDI’s Criminal Investigations Branch announced the arrest of Margaret Lawanda Cook, 51, of El Sobrante, Calif. on eight counts of insurance fraud stemming from false workers’ comp and automobile claims. Cook established A&I Paralegal on Sept. 24, 1998 in …
