Not surprisingly, compensation continues to be the single largest agency expense. The average independent agency in the U.S. spent between 62.2 percent and 66.3 percent on compensation in 2000, according to The Middleton Group’s biannual Compensation Survey. +20% CT DC …
Less than half of the states are likely to have their own privacy rules in place by the July 1 deadline imposed by the Gramm-Leach-Bliley Act (GLBA), a survey conducted by the National Association of Mutual Insurance Companies (NAMIC) shows. …
Commissioner Harry W. Low announced today the conservation of Sable Insurance Company, due to its insolvency. Sable, which is domiciled in California and headquartered in San Francisco, is a wholly owned subsidiary of Sable Insurance Holding Company. Sable Insurance Holding …
The Illinois Supreme Court has denied Alpine Insurance Company’s petition for leave to appeal a Cook County Circuit Court liquidation order entered on June 28, 2000. The Supreme Court decision was rendered on April 4, 2001. Illinois Insurance Director Nat …
Flash, flash, flash-it looks just like Oscar Night as car after car speeds through the intersection on a red light. Those of us calmly awaiting the next green shake our heads-“Can you believe that guy?” Each year, more than 1.8 …
The Delaware Chancery Court issued an opinion yesterday in the pending litigation between Halliburton and its Kellogg Brown & Root, Inc. subsidiary and Highlands Insurance Group, Inc. The Court ruled that all of the fixed cost insurance policies issued by …
A Washington bill, SB 5610, authorizing the use of traffic safety cameras to detect red-light running, passed the Senate on a 27-to-22 vote. The legislation would allow the use of traffic safety cameras in certain zones to detect stoplight or …
InsuranceNoodle announced yesterday that it is licensed to sell insurance in California, bringing its total to 34 states and nine of the 10 largest states in which the online company is doing business. Licensing in Texas-the only large state remaining-is …
First Union Insurance Services Inc., has named Anthony D. Fenton as regional president for its New Jersey, New York, Connecticut, Pennsylvania and Delaware operations. Fenton, a 25-year veteran in the insurance industry, will also retain his previous duties as executive …
