Monthly Archives: <span>September 2008</span>

Report: Highly Satisfied Customers Have Higher Auto Renewal Rates

Auto insurance customers with high commitment levels not only make more recommendations and are more likely to renew their policies, but are also significantly less sensitive to pricing offers from competitors, according to the J.D. Power and Associates 2008 National …

Estimate of Insured Losses from Gustav Between $2 and $4.5 Billion

One risk modeling firm estimates that insured losses to onshore properties in the U.S. are between $2 billion and $4.5 billion, with an expected loss of $3 billion due to Hurricane Gustav. According to AIR Worldwide Corporation these loss estimates …

Parrett to Lead Lawson & Blevins Insurance as President

Strongwood Insurance Holding Corp. announced that Jim Parrett has been appointed president of the company’s retail division: Lawson & Blevins Insurance, located in Woodland, Calif. A graduate of Michigan State, Parrett has served in several roles in the industry in …

Union General Offers Sports Camps, Leagues and Instructors Market

Concord, Calif.-based Union General has an “A+” rated carrier offering coverage for all types of athletic events, including sports camps, leagues and instructors. Coverage is offered on the ISO simplified forms including premises/operations, products/completed operations, personal and advertising injury and …

Many West Virginia School Kitchens Don’t Meet Fire Code

Many of West Virginia’s 55 counties need to replace fire suppression systems in their public schools’ kitchens to comply with a new standard. The state fire code now requires a wet gel suppression system for school kitchen stoves. Many counties …

Court Clashes over Katrina Damage Wind Down in Mississippi

It took three years for Mississippi resident, Scott Gordon, to resolve the dispute that Hurricane Katrina spawned with his insurance company. Anything resembling a full recovery from the storm will take much longer. “There are some scars that will probably …

South Carolina Congressman Axes Controversial Beach Bill

South Carolina congressman Henry Brown says his constituents have spoken and he has listened. The Charleston Post and Courier reports Brown has killed a bill to allow a section of Kiawah Island to qualify for federal money for roads, flood …

Wholesaler Value is a Story That Needs to Be Told

Soft Market or Not, Stay Focused on Providing Superior Service, Value to Agents There is an old saying in the insurance industry that goes something like this: “Please, God, give me one more hard market and I won’t let it …

Feds Charge 11 in Biggest-Ever Identity Theft Case

Authorities in Boston have cracked what is believed to be the largest federal hacking and identity theft case ever, involving the theft and sale of more than 41 million credit and debit card numbers. Eleven people, including a U.S. Secret …

Business Planning in a Snap!

How to Create a Fast, Effective One-Page Agency Plan The fall is a good time to plan for the New Year by reflecting on how the agency has been operating over the past year. Operations may need to be restructured …