Monthly Archives: <span>July 2011</span>

Web Exchange

IJ Video Highlights Consolidation Nation Later this year the New York State Department of Insurance will complete its merger with the state’s banking department to become the New York State Department of Financial Services. Some worry the merger will make …

Florida, Mississippi, Hawaii in Surplus Lines Pact

Florida, Mississippi and Hawaii have entered into an agreement that will allow them to keep millions of dollars in taxes on surplus lines insurance policies. The agreement was the result of federal legislation – the Nonadmitted and Reinsurance Reform Act …

Are You a Sales Builder or a Business Builder?

Are you a great producer running an agency on the side or are you an executive running an agency where one responsibility is making sales? There has always been too much truth to the old adage that doctors are the …

Individuals, Not Just Corporations, Face Cyber Risks

While the big news is about hacks into the CIA’s and Senate’s public Web sites, Citigroup and Lockheed Martin, tens of thousands of people are victimized by cyber criminals each year, sometimes with devastating effect. The FBI’s Internet fraud center …

Business Moves

McGowan Insurance, Keystone McGowan Insurance Group Inc. of Indianapolis has become Keystone Insurers Group’s 27th franchise partner in Indiana. Led by Hugh M. McGowan, McGowan Insurance has roots dating back to the Great Depression. The agency offers full-service insurance and …

Demotech Inc. Identifies 2011 Near National Property/Casualty Insurers

The original criteria and objective definition for Near National insurance carriers was established in the Feb. 12, 2007, issue of Insurance Journal. The Demotech Company Classification System categorizes insurers into one of 11 categories based on an analysis of data …

Collaborative Expectations

Adivsen surveyed 300 risk managers from a variety of industries on supply chain risk management issues. Around 70 percent of larger companies in a more advanced stage of developing a supply chain risk management practice said they had either good …

Philly Boat Crash Intensifies Distracted Driving Debate

The nation risks a surge in deadly accidents unless it makes distracted driving – talking, texting and surfing the Internet while operating cars, boats and trains – as taboo as drunken driving, members of the National Transportation and Safety Board …

Massachusetts Family’s 9/11 Suit Questions Logan Airport’s Security

The family of a Massachusetts man killed in the Sept. 11, 2001 terrorist attacks says in court documents that private security screeners at Logan International Airport were not made aware of the terrorist threat from al-Qaida, did not know what …

From Accidental Agent to Insurance Goddess

Like many insurance agents, Carrie Reynolds never meant to be one. But 15 years after she became, in her own words, an “accidental agent,” Reynolds is now a principal in Alan Galvez Insurance, an agency started by her father in …