Independent agents and brokers want more carriers to offer real-time functionality, according to a new industry survey. Agents believe those carriers will deliver the greatest benefit in making real time the predominant workflow in their agencies. Participants from every state, …
While price is a key motivator in the auto insurance shopping process and final purchase decision, its impact on new-buyer satisfaction has declined, compared with one year ago, according to a new industry study. The J.D. Power and Associates’ “2010 …
The workplace is undergoing a demographic change as “Baby Boomers” – born between 1946 and 1960 – retire and are replaced by Generation X (1961-1982) and Generation Y/Millennial Generation (1983-2001). This transition is critical in occupational safety and health compliance, …
Aliso Viejo, Calif.-based LaBarre/Oksnee insurance brokers promoted Jeff Leane to the newly created vice president of sales position. He is charged with leading the development and implementation of sales strategy and growing the company’s sales organization. He has more than …
Agents, Insurer Groups Discuss Homeowners Replacement Cost Regulations California insurance agents and producers may face new continuing education requirements on estimating replacement value on homeowners insurance. The California Department of Insurance has proposed regulations governing standards and training for estimating …
Securities class action lawsuits are the most important factor driving claims severity for directors and officers (D&O) insurers. Securities lawsuit filings levels ebb and flow over time, and for most of 2010, securities suit filings levels have been relatively low. …
LaRocco lamented that only 48 percent of independent insurance agents have Web sites, and of those, only about 20 percent keep the sites updated. The insurance industry is not as quick to adapt to change as other industries,” but independent …
Prices are improving in the California workers’ compensation insurance market – at least according to one specialty workers’ compensation carrier in the Golden State. According to PacificComp President and CEO James E. Little, prices have been improving as some of …
Increase in Falsified Insurance Applications Tied to Economy One of the many consequences of a tight insurance market during tough economic times is that potential insureds may have difficulty obtaining coverage if they have bad loss records or conditions that …
The New Mexico Public Regulation Commission appointed a new interim insurance superintendent, and the deputy superintendent has resigned. The PRC announced the appointment of Craig Dunbar to replace Deputy Insurance Superintendent Thomas Rushton, who has been serving as interim superintendent …
