Monthly Archives: <span>March 2009</span>

Experience Guides South Dakota’s New GSN Insurance Agency

GSN Insurance in Madison, South Dakota, only opened its doors on January 5 but already it has a veteran staff, a stable of loyal customers, and a carrier roster that would be the envy of many long-time independent agencies. GSN …

New Chattanooga Insurance Agency Satisfying for Witty Entrepreneur

Tennessee: Chattanooga Insurance Agency Having been both a captive agent and a producer in an independent insurance agency, John Witty knows the feeling of bringing in business and being paid well for it. But for him the experience was not …

Florida’s New VanDyke Norman Insurance Agency Thinks Big

Kevin VanDyke and Andy Norman opened their St. Augustine agency around Thanksgiving last year but already they are thinking big. They plan to grow their business in the Jacksonville metropolitan area not just by outselling other agencies but also by …

New Insurance Agencies Defy Hard Economy, Soft Market

Against economic and soft markets odds, independent insurance agents have been starting up new property/casualty agencies from Florida to California and states in-between since 2007. For years, the number of agencies in the country had been declining but that trend, …

Job Bias Charges Hit Record High

U.S. Equal Employment Opportunity Commission (EEOC) reports that workplace discrimination charge filings with the federal agency nationwide soared to an unprecedented level of 95,402 during Fiscal Year (FY) 2008, which ended Sept. 30. This level is a 15 percent increase …

Okla.’s Stoops, Other Homeowners Win Lawsuit

University of Oklahoma football coach Bob Stoops and other homeowners have prevailed in a lawsuit against the developers of the exclusive northwest Norman subdivision in which they live. Cleveland County District Judge Tom Lucas ruled on March 13 that the …

Texas Homeowners’ Combined Loss & Expense Ratio Estimated at 165.0

The Texas Department of Insurance released the “Texas Homeowners Insurance Loss Data 1992-2008” report, which shows an estimated incurred loss ratio for 2008 at a record high of 127.0, and a combined loss and expense ratio at 165.0. Estimated losses …

Economy Affects Oregon Workers’ Compensation Division Revenue

Like most businesses and organizations in Oregon, the Department of Consumer and Business Services (DCBS) announced it is being impacted by the economic recession. Because DCBS programs are funded by fees and assessments paid by the industries it regulates, Oregon’s …

Deer Blamed for Pennsylvania Crash that Prompted Evacuation

The driver of a tractor-trailer carrying a hazardous chemical told authorities that he swerved to avoid a deer before his rig overturned, prompting a nine-hour evacuation of about 5,000 people in northeastern Pennsylvania. State police in Northampton County said two …

Insurers Oppose Minnesota Consumer Credit Ban Bill

While insurance consumer advocates step up their criticism of insurers’ use of credit scores, the American Insurance Association (AIA) and Property Casualty Insurers Association of America testified before a Minnesota Senate committee against legislation that they said would take away …