Monthly Archives: <span>June 2007</span>

Property insurance rate hikes in store for La.

Louisiana regulators in late May approved property insurance rate hikes of 16 percent to 51 percent for three small companies, with larger increases for homeowners along the coast. The Louisiana Insurance Rating Commission on May 24, 2007, approved a 16 …

Get connected

Insurance is a business that is grounded in connections — with clients and with technology. To transact business successfully, independent agents need to develop relationships with their customers and create client loyalty. And equally important, agents need to be intimate …

Why the United States must make TRIA permanent

It is important to take a moment to talk about the importance of the Terrorism Risk Insurance Act and why I believe we must act again to establish a more permanent federal initiative to provide coverage from potential terrorist attacks. …

Greenberg: no good has come from Spitzer

C.V. Starr & Co. Chairman Maurice “Hank” Greenberg, former head of American International Group and a target of former New York Attorney General Eliot Spitzer’s investigations, believes Spitzer’s probes of him and the insurance industry have achieved nothing. Also, of …

Agent study: Mich. boating fatalities drop slightly, accidents rise

Fewer Michigan boaters were killed last year, even though more were injured in alcohol-related accidents, an increasing number collided with other vessels and many still did not strap on life jackets, according to statistics provided by the Michigan Association of …

People and Places

Chicago-based Aon Corp. reported that David P. Bolger, executive vice president, chief financial officer and chief administrative officer, will leave the company after the appointment of his successor. Bolger will remain with Aon while a search for his successor is …

My New Markets

Tough products don’t need to be a challenge to write

Skis, ladders, skateboards, pacemakers and nutra-ceuticals may be different products at first glance, but all share the same challenges in finding coverage in the insurance marketplace. According to Nan Meyer, product manager for Shand-Morahan and David Rosenburg, wholesale broker with …

From Cuba to Capitol Hill

Not your typical agent: Big “I” President and Miami independent agent Alex Soto in a one-on-one interview Alex Soto, president of the large InSource agency in Miami, and president of the Independent Insurance Agents & Brokers of America, is not …

Ill. lawmakers toughen teen graduated licensing program

Some are already calling the new provisions to the teen graduated drivers licensing law passed by the Illinois legislature as the toughest in the country. The measure, SB 172, passed by the Illinois legislature, addresses two of the critical provisions …