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

People and Places

Hub International Ltd., a Chicago-based brokerage has named Jonathan Axel senior vice president of the Kagan-Kozberg Division at Hub International of California Insurance Services Inc., a subsidiary of the insurance brokerage. Axel will be based at the Culver City, Calif., …

Critics allege wind modelers influenced by insurers

Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific and that they are designed to justify insurance premium increases. RMS declined to address …

Your top salespeople may not be the best sales managers

The frontline sales manager has the toughest job in all of management. In no other position is accountability measured more by the results produced. The numbers tell all: The sales organization, the territories or the individual salespeople either meet quota, …

STATE FARM GOES HOLLYWOOD WITH SPONSORSHIP OF MAJOR FILM PROMOTION

Bloomington-Ill.-based State Farm Insurance has announced that it is the first property and casualty insurer to be a sponsor of a major film promotion. State CARS, the latest movie from Disney-Pixar, the Academy Award-winning creators of The Incredibles and Finding …

Deadly storms hit Midwest again in new round of spring tornadoes

Another round of deadly storms hit the Midwest Sunday, April 2, causing deaths, massive damage and power outages in eight states. The states affected were Illinois, Indiana, Iowa, Missouri, Ohio, Tennessee, Arkansas, and Kentucky. The new round of tornadoes hit …

IND. SUPREME COURT ADDRESSES ATTACK ON COMPENSATION RATING BUREAU

The Insurance Institute of Indiana and the National Association of Mutual Insurance Companies applauded the decision by the Indiana Supreme Court to deny transfer on a case filed against the Indiana Compensation Rating Bureau. According to the insurance trade groups, …

Not all agents oppose an optional federal charter

The Commissioners are now fully prepared to go before their various legislative committees with recommendations for a system of insurance law which shall be the same in all States — not reciprocal, but identical; not retaliatory, but uniform. This statement …

Why agents oppose Sen. Sununu’s optional federal charter

The Independent Insurance Agents & Brokers of America, and New Hampshire, (the Big “I”) strongly oppose S. 2509, the National Insurance Act of 2006, introduced recently by our own Sen. John Sununu (R-N.H.) and his colleague, Sen. Tim Johnson (D-S.D.). …

Close to home: 1906 revisited

April 18 marks the 100th anniversary of the Great San Francisco Earthquake of 1906, a catastrophe that affected thousands of lives, caused hundreds of millions of dollars in damage and generated aftershocks in insurance and engineering communities that continue to …

Acquiring minds want to know how even smaller firms can buy agencies

Small to mid-sized retail independent insurance agencies looking to grow through acquisition had better have a good plan in place if they want to run with the big dogs–those big dogs being the banks, the large public brokers and the …