Document Sciences Corporation, a provider and innovator in automating creation and delivery of enterprise business communications, and Align360, a provider of information technology and management consulting services to the insurance and financial services industries, announced a joint marketing agreement. Under …
Directors and officers liability premiums have risen by 30 percent—and sometimes by as much as 300 percent—in the past two years, following revelations of misdoings at corporations like Enron, Tyco and WorldCom. This rate increase reflects serious consideration by insurance …
The insurance industry is at a critical juncture, with issues surrounding consolidation, pricing, legislative reforms and capital concerns shaping the market for 2004, according to year-end industry predictions from Tillinghast-Towers Perrin. “The poor economic environment, stock market volatility and credit …
Today, more than 20 states—and the number keeps rising—require insurance companies to report vehicle insurance information to their department of motor vehicles (DMV). The states want the information to enforce laws that require insurance on personal as well as commercial …
The U.S. Census Bureau’s Census 2000 estimated the population of the California at 33,871,648. Approximately 76 percent of the adult residents had graduated from high school and about 16 percent had earned a college degree. California has a number of …
The Washington Department of Labor and Industries announced a 9.8 percent general rate increase in workers’ compensation premiums, effective Jan. 1, 2004. Even with this rate increase, next year’s average rates will be nearly identical to the rates in Oregon …
The small business unit of Chicago-based commercial lines insurer CNA hopes to hit $1 billion in premium volume at the end of 2005 by targeting Main Street businesses with more customized policy forms and a stripped-down version of its business …
Agency principals are getting younger, but not fast enough. A recent analysis found that of the 2,700 principals in Independent Insurance Agents of Texas (IIAT) member agencies, 5 percent were under 35. While that doesn’t seem impressive, it is better …
The United States Census Bureau’s Census 2000 estimated the population of the State of Texas at 20,851,820. Approximately 76 percent of the adult residents had graduated from high school and about 16 percent had earned a bachelor’s degree. Texas has …
Perpetuation planning should begin as soon as the business is acquired. While immediate action is not necessary, there should be initial consideration given to the process. The four major techniques to transfer ownership of a business are: • Internal sale …
