Monthly Archives: <span>February 2015</span>

Insurance and Online Dating

With today’s technology the world of knowledge, commerce, and even love, are at people’s fingertips. So Answer Financial asks, why not insurance? If 40 million people choose to find love online, maybe they should buy insurance the same way. Answer …

My New Markets

My New Markets is brought to you by Insurance Journal’s sister website: www.mynewmarkets.com Need a Market? Find it. FAST. A+ Programs Commercial BOP Market Detail: Northern Underwriting Managers Inc. offers an all lines commercial BOP product for a wide spectrum …

Agent-Broker Profitability Reaches Record 21% for 2014

Agent-broker profitability reached 21 percent for 2014, a new record for the Reagan Consulting Organic Growth and Profitability (OGP) survey that began tracking profitability for agencies in 2008. That median profitability for EBITDA (earnings before interest, taxes, depreciation and amortization) …

Low Minimum Limits Unfairly Shift Financial Responsibility

For years, we’ve listened to those who beat the drum to maintain minimum liability insurance limits that have been in place for decades. They frame their viewpoint as pro-consumer, and on its surface, their message is an easy sell. After …

Declarations

Anthem Data Breach “The personally identifiable information apparently hacked at Anthem is exactly what tax fraud thieves use to make false refund claims that appear to be legitimate.” —Kevin Sullivan, commissioner of Connecticut’s Department of Revenue Services, on dangers of …

Profile of a Great Account Manager

What ingredients make up a good account manager? What do you look for in terms of skills, knowledge, education and experience? Which responsibilities should management give them? The answers to these questions – which will vary by agency – determine …

Oklahoma Energy Companies Sued Over Earthquake Damage

An Oklahoma resident has sued two energy companies seeking class-action status for people in nine counties who were affected by recent earthquakes. Jennifer Lin Cooper of Prague filed the suit against Tulsa-based New Dominion LLC and Spess Oil Co. of …

Texas Insurance Wholesalers Wary of Retail Agent Association MGA

In mid-November 2014, Texas’ largest association of independent retail insurance agents took the unprecedented step of acquiring a managing general agency as a way of providing its members greater access to non-admitted commercial insurance markets. In announcing the acquisition, the …

Despite Fewer Claims, Louisiana State Employees’ Workers’ Comp Costs Rise

The number of workers’ compensation claims filed by Louisiana state employees dropped by nearly one-third over the last eight years, but claims costs for state agencies continued to surge higher, according to a state audit. Legislative Auditor Daryl Purpera’s office …

People – South Central

Property/casualty insurance media company, Wells Media Group, announced four C-suite and managerial staff promotions. Julie Tinney now serves as chief marketing officer, Josh Carlson has been promoted to chief technology officer/chief innovation officer, Andrew Simpson became chief content officer and …