Monthly Archives: <span>January 2006</span>

People & Places

Michael J. Roche, senior vice president of Protection Technology and Administration for Allstate Insurance Company, recently was named to IDG’s Computerworld Premier 100 IT Leaders Award Program. Roche was selected from nearly 500 nominees representing organizations around the world. The …

MINN. GOV. ISSUES EXECUTIVE ORDER TO CORRECT MEDICARE GLITCHES

Minnesota Governor Tim Pawlenty signed an emergency executive order this month authorizing the Minnesota Department of Human Services to help cover some costs for low-income residents struggling to get prescription drugs under a new Medicare plan, according to the Associated …

2006 Begins with Politics Up Front; State Legislatures Tackle Auto Issues

Midwesterners have never been known to take a “back seat” on anything. Seizing the opportunity seems to come naturally to us. A case in point is the recent scramble by three Midwestern congressmen to jump into the spot of House …

N.Y.’s workers’ comp system’s not working

N.Y. State ranks high in workers’ comp costs while its benefits are among the lowest The Independent Insurance Agents & Broker of New York was a key advocate of reform legislation in 1995-1996, when we established NYCAN, the New York …

Successful selling starts with setting priorities

We’ve all heard the adage: Time is money. Indeed, if you treat your time as the valuable commodity it is, you are more likely to spend it conservatively and only on the things that hold the most value for you. …

WAUSAU POLL HIGHLIGHTS:

For the second year in a row, executives from upper mid-sized companies (more than 500 employees) report much higher productivity savings by reducing claim costs in all lines than executives from lower mid-sized companies (between 100-500 employees). About 70 percent …

Buyers value productivity savings across multiple commercial lines

Insurance buyers see increasing value from reducing their total cost of risk across multiple lines of commercial insurance, according to a new survey commissioned by Wausau Insurance. Eighty-one percent (up from 70 percent last year) of commercial insurance buyer said …

2006 looking good already for P/C industry

Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s Earlybird Forecast Survey, but the survey of Wall Street stock analysts and industry professionals also indicates that the industry will bounce back in 2006 …

Producers’ own liability grows as their clients expand

Property casualty insurance agents and brokers are being exposed to more lawsuits as they move into unfamiliar products, states and technologies and as their own clients do the same. In the eyes of customers and juries, the agents and brokers …

DRIVING PERSONAL LINES ‘ALSO-RANS’ FROM THE MARKET

Dozens of insurers will exit the personal property/casualty industry over the next few years, according to a new study. They will leave because they will be unable to compete in a market dominated by large market leaders with their technological …