Monthly Archives: <span>July 2012</span>

Just Do It

Round your accounts, use technology, take advantage of industry experts, such as general agents, and view the changes in the health/benefits arena as an opportunity, advises one health and benefits expert who’s bullish on the idea of property/casualty agents broadening …

Mass. Regulator Seeks Insurers’ Executive Pay Data

Late last month, the Massachusetts Division of Insurance said it began an examination of executive compensation at insurers domiciled in the state. The regulators said they have sent letters to 88 insurers requesting detailed information on how the companies determine …

Insurer Sues Nocal Surgery Firm Over Alleged Overbilling

United Healthcare Services has filed a $39 million lawsuit against a Northern California company that manages five outpatient surgery centers, claiming the firm overbilled the insurance carrier and offered doctors financial incentives for patient referrals. The case filed in Santa …

P/C Industry Should Not Expect Traditional Hard Market Soon: Hartwig

Although insurance rates have been drifting upward in recent months, the property/casualty industry is unlikely to see a return to the traditional hard market this year or next, an insurance expert told reinsurance actuaries at the Casualty Actuarial Society’s Seminar …

5 Tips Learned From Grandma For Running a Business

Rules to Run Your Business and Your Life Mama knows best … a familiar phrase? Well if mama is so clever, she must have learned from the Crockpot of Wisdom: Grandma. Whether it’s perfecting her pot roast or how to …

Health, Benefits Market Offers Growth Opportunities for P/C Agents

Revenue Compression, Client Demand Drive Expansion of Services For many independent property/casualty agencies, one bright spot of opportunity in an era of otherwise lackluster growth has been the health and benefits market. Over the course of the past four or …

Academy Launches Free Technical Skills Evaluation Assessments

Insurance Journal‘s Academy of Insurance recently launched a new Technical Skills Evaluation (TSE) program designed for: 1) use by managers to plan employee development; or 2) individual insurance professionals desiring a method to direct their continued professional development. The TSE …

Alabama Readies Auto Insurance Verification

Alabama’s Revenue Department is launching an online system that will allow county license plate officials to verify whether a vehicle has liability insurance. The Legislature passed a requirement last year that the system be online by Jan. 1, 2013, to …

Shifting the Conversation From Price to Value

How ‘Daring to be Different’ Leads to Exceptional New Business Growth and Retention National advertising beats the commoditization drum every day, in every media. “Give me 15 minutes, and I’ll save you 15 percent” is the slogan of the day. …

10 Things Agencies Do Right (and Wrong) with Agency Management Systems

Records, Reporting, Value Creation As a volunteer engaged with a network of agency management system vendor clients, I have an opportunity to hear from my peers about their experiences and compare this with what goes on in our own office. …