A Good CSR is Hard to Find
It’s no secret that these days CSRs oftentimes are in contact with clients far more than an agent or producer is, and therefore, are crucial to the agency’s success. The role of the CSRs has evolved over the past couple …
Tort Reform Advocates Strike While Iron is Hot
Only weeks ago it seemed that a series of well-publicized doctor walkouts across the nation had led not only to political pressure to enact malpractice award caps in crisis states but action at the national level as well. Now it …
Full Speed Ahead
A year ago, Lloyd’s course was “steady as she goes,” following the enormous losses of Sept. 11, but with the appointment of a new chairman last November, Lord Peter Levene of Portsoken, coupled with a surge in profits—£834 million ($1.31 …
COMMERCIAL P/C MARKET STABILIZING’
While rates continued their upward spiral in 2002, according to the First Quarter 2003 Market Index survey by The Council of Insurance Agents & Brokers, the commercial property/casualty insurance marketplace is beginning to stabilize. About two-thirds of small, medium and …
D&O LIABILITY COSTS UP AGAIN
Directors & Officers (D&O) liability insurance cost nearly 30 percent more in 2002, according to Tillinghast Towers Perrin’s 2002 Directors & Officers Liability Survey. The increase followed similar hikes in 2001. Meanwhile, claim frequency and claim severity appeared to stabilize …
STORMS RACK UP $1.2B IN CLAIMS
U.S. property/casualty insurers are expected to pay an estimated $1.2 billion for insured property-loss claims from winter storms and windstorms that pummeled 10 states in early April, according to preliminary estimates by Insurance Services Office Inc.’s (ISO) Property Claim Services …
CE RELIEF FOR ACTIVE DUTY AGENTS
Both Oklahoma and Louisiana are offering relief to insurance agents serving on active duty with the U.S. armed forces in Iraq. Louisiana Insurance Commissioner Robert Wooley and Oklahoma Insurance Commissioner Carroll Fisher issued notice in their respective states that continuing …
STATE FARM RATE INCREASES IN LA.
State Farm recently won a 12.2 percent average rate increase for homeowners policies in Louisiana that goes into effect June 15. At that time around 263,000 Louisiana homeowners will face an average increase of $100. According to the New Orleans …
SCORING BILL PASSES OKLA. LEGE
The Oklahoma Legislature has approved an insurance scoring bill based on model legislation developed by the National Conference of Insurance Legislators (NCOIL), according to the American Insurance Association (AIA). John Marlow, AIA assistant vice president, southwest region, said while SB …
AGENCY SUSPENDED IN OKLAHOMA
Oklahoma Insurance Commissioner Carroll Fisher suspended the license of Edmond agent Earl Cody after Cody refused to permit examiners from the Oklahoma Insurance Department to review records as part of an investigation into alleged misappropriation of premiums. According to the …
