Approximately 300 independent agents, brokers and senior level insurance company executives attended the IBA West 18th annual Blue Ribbon Conference, held May 2-6, 2004 at the Mauna Lani Resort located on the Kohala coast of the big island of Hawaii. …
As the nation’s population ages, states are looking for ways to weed out people who shouldn’t drive. Half the states have passed some form of elderly driver restrictions, usually laws that require older motorists to renew licenses more often and …
Both the commercial and personal lines property/casualty markets grew significantly in 2002 creating opportunities for each of the three major distribution systems: independent agents and brokers, captive agents, and the direct response companies. The larger the market share in a …
Independent agents rule. This was again confirmed by the latest report from the Independent Insurance Agents & Brokers of America (IIABA) on market share. Independent agents dominate in commercial lines, writing more than 79 percent of the market nationwide. In …
An analysis conducted by the Property Casualty Insurers Association of America (PCI) suggests there is a connection between residual auto market populations and state rating laws. The analysis found that residual market populations, also referred to as assigned risk plans, …
Insurance Services Office, Inc. (ISO) has introduced a personal auto rating program carriers can use to tailor the cost of insurance for bodily injury and property damage liability and no-fault/medical payments coverage based on a car’s make and model. ISO …
Nuts & Bolts: Lemac General Agency Division added a new BOP facility to complement its existing package facilities. The program features property, general liability, umbrella, EPLI and professional liability. There are 800 eligible classes for offices, retail, service, wholesale and …
A resolution that calls for a study of the need to prohibit insurance companies from owning auto repair facilities was deferred indefinitely following a hearing on the issue in Honolulu recently. Senate Concurrent Resolution 94 would direct the Legislative Reference …
A resolution that calls for a study of the need to prohibit insurance companies from owning auto repair facilities was deferred indefinitely following a hearing on the issue in Honolulu recently. Senate Concurrent Resolution 94 would direct the Legislative Reference …
IIABA Close to Announcing New Nationwide High Risk Homeowners Program Independent agents with coastal properties, there may be a life preserver thrown your way soon. The Independent Insurance Agents and Brokers of America (IIABA) is hoping to close a deal …
