Throughout our history, the American Association of Managing General Agents (AAMGA) has retained its mission and identity while adapting to changes in the insurance industry. We began in 1926 as the Association of Fire Insurance General Agents, then we became …
At its peak in 1996 Kodak – then the world’s largest camera maker and photo film supplier – had revenues in excess of $16 billion and employed more than 145,000 people. But after 130 years in business, the photography giant …
It takes thick skin to be in the public eye. As Supreme Court Justice Antonin Scalia once observed, “harsh criticism, short of unlawful action, is a price our people have traditionally been willing to pay for self-governance. Requiring people to …
The fight against insurance fraud never ends. And despite efforts to combat fraud most insurers anticipate an increase in fraud. One in three U.S. and Canadian insurers do not feel adequately protected against fraud, according to a survey by FICO, …
Savvy wholesalers are meeting the demand for specialized knowledge Everyone loves the wholesale insurance business these days, or so it seems. “We’ve seen the entrance of a lot of other people coming into the wholesale market – aggregators, brokers, agents, …
American Family, Homesite Group Madison, Wis.-based American Family Insurance reached agreement to acquire direct homeowners insurer Homesite Group Inc. for an anticipated $616 million. Homesite Group is a Boston-based direct writer of homeowners, renters and condominium insurance. The deal is …
Will the third time be the charm? Insurance groups and lobbyists in Washington are hoping so, after the House of Representatives this month overwhelmingly passed a bill (H.R. 1155 ) to streamline the insurance producer licensing process. This is the …
Three individuals who have worked in the insurance industry and now practice politics in the Midwest — Indiana State Representative Matt Lehman, Michigan State Senator David Robertson and U.S. Congressman Tom Latham of Iowa — all say their insurance backgrounds …
Missouri lawmakers have chipped away at the ability of injury victims to win money in court cases – nixing big-dollar judgments in some lead poisoning and traffic accident cases, and shielding volunteer healthcare workers from all but the most egregious …
Barbara Flanigan, a 30-year insurance industry veteran, has been named CEO of Applied Systems Client Network (ASCnet), the Des Plaines, Ill.,-based user group of Applied Systems technology. Flanigan joins ASCnet from Gallagher Bassett Services, where she was vice president-carrier practice. …
