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

Web Site ‘Bridges’ Relationships Between Insurance Agents, Brokers

The Internet has become more than a useful bridge for insurance agents trying to reach new markets for accounts — it’s also helped locate insurance for bridges. Insurance agents are reporting success connecting with brokers who assist them with market …

Empathy, Communication Rank High in Auto Claims Satisfaction

Managing expectations, showing empathy, ensuring convenient service and effective communication are key themes in enhancing overall insurance customer satisfaction with the claims process, according to the J.D. Power and Associates 2008 Auto Claims Satisfaction Study. The study measures the experiences …

Texas Nonfatal Workplace Injury/Illness Rate at 5-Year Low in 2007

A total of 252,784 nonfatal injuries and illnesses were reported by private industry workplaces in Texas during 2007, the Texas Department of Insurance reported. The resulting rate of 3.4 cases per 100 equivalent full-time employees marks a five-year low. The …

Labo Joins Mass. Insurance Agency Rogers & Gray

Agency President Charles N. Robinson announced the recent addition of Eric Labo to Rogers & Gray Insurance Agency, Inc., as a personal lines sales executive. Prior to joining the agency, Labo was employed by Wells Fargo Financial. Rogers & Gray …

Aspen to Release Q3 Earnings Today; Conference Call Details

Bermuda’s Aspen Insurance Holdings Limited will release its third quarter 2008 financial results today, Wednesday, October 29, 2008, following the close of U.S. markets. The Company will hold a conference call to discuss its financial results on Thursday, October 30, …

Midwestern States Continue to Receive Federal Disaster Aid

The U.S. Department of Housing and Urban Development is giving monies to several Midwestern states in the aftermath of flooding earlier in the year. Missouri received $11 million to help recover from flooding damage earlier this year. Flooding in May …

High Point Auto Insurance Offers New Jersey Chamber Members Discount

The 500,000 employees of the member companies of the New Jersey Chamber of Commerce are now eligible for a discounted auto insurance program. The deal is being offered in a partnership with High Point Safety and Insurance Management Corp., a …

Wall Street Marks Grim Anniversary of 1929 Crash

Wall Street’s struggle to recover from this month’s devastating drop is coinciding with the anniversary of another dark period for the stock market — the crash of 1929. The dramatic selling of Oct. 28-29 of that year sparked widespread panic …

Mass. Insurance Agency President Named to Turnpike Board

Gov. Deval Patrick swore in the newest member of the Massachusetts Turnpike Authority board this week, but that formality did not stop the new board member, John Jenkins, from weighing in last week and helping postpone the group’s next meeting …

Best Upgrades Darwin Group’s Ratings after Acquisition by Allied World

A.M. Best Co. has upgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit ratings (ICR) to “a” from “a-” of the Delaware-based Darwin Group and its members. Best also removed the ratings from under …