Monthly Archives: <span>May 2014</span>

Agents’ Dream Come True? Single Password for Multiple Carriers Launched

The insurance industry is moving to end the clutter of “sticky notes” with passwords on monitors everywhere with a tool that reduces the need for agencies to keep multiple passwords. A non-profit industry coalition, ID Federation Inc., today introduced SignOn …

North Carolina Ruling Voids Government Immunity for Medical Examiner

A North Carolina agency’s ruling that a family should be paid nearly $400,000 for their anguish after a medical examiner misidentified a body and sent it to the wrong funeral home could open the door to similar lawsuits. The actions …

GM Negotiating with Claimants in Ignition Switch Lawsuits

A mediator for General Motors has begun negotiations about settling more than 300 claims related to a deadly ignition switch problem in some older model small cars. Kenneth Feinberg confirmed in an interview with The Associated Press that he met …

Afghan Rescuers Abandon Survivor Search in Worst Disaster

Afghanistan declared a national day of mourning yesterday as rescue workers armed with shovels and hand tools abandoned a search for survivors in a landslide that is the war-torn nation’s worst natural disaster on record. At least 2,000 people are …

Nationwide Insurance to Sponsor NASCAR Driver Earnhardt

Through the first four months of 2014, Dale Earnhardt Jr. has landed a new sponsor, another Daytona 500 win and an award selected by the media. Now, life will be really grand if the popular NASCAR driver can rekindle his …

Insurance Agents Learn How to Market to People Unlike Themselves

The middle-aged white woman told the audience of mostly older white male businessowners that much of the country and many of their future customers don’t look like them or necessarily share all their values. While whites make up 64 percent …

Numbers Don’t Lie: Agency Best of the Best

Contingency and Overrides: Focus On It, but Don’t Rely On It Contingency and override income can be a huge driver of agency value. 2013 was a strong year compared to 2011 and 2012 and according to the 2013-2014 MarshBerry Market …

Measuring Agency Performance Can’t Be Done with Technology Alone

Bruce Cochrane of the Renaissance Alliance says agents have to measure everything to stay competitive, however that does not mean relying on technology alone, according to experts who work with and for agencies. “Many principals make the mistake of believing …

Insurance in the Sharable Economy

The new sharable economy is growing across the country, and one question looms large: What are the insurance implications? Homeowners and renters understand the types of insurance they need and where they can buy coverage. Drivers know they need auto …

Competition & Best Practices Results

A recent study reviewed in The Economist (Jan. 13, 2014) proved that competition was required to foster business success and progress. This makes sense. Competition is in many ways the “invisible hand” that Adam Smith described as key to capitalist …