Operations News

Mass. Agents Take Aim at Progressive Online; Insurer Defends Site

Independent agents in Massachusetts have charged that Progressive Insurance, which began selling auto insurance online in the state May 1, is skirting state regulations and misleading consumers with its Web site quoting program. The Massachusetts Association of Insurance Agents (MAIA) …

People

Grange Mutual Casualty Co. announced that Randy Montelone will retire at year end after 29 years of service with the company. Tom Welch, current president of Grange Life Insurance Co., a Grange subsidiary, assumes the role of chief financial officer …

Contractors and Certificates of Liability Insurance

Your E&O claim waiting to happen Certificates — not again. Haven’t we heard enough about this topic? Apparently not. Certificates are issued for all sorts of insureds, but contracting risk is the most dangerous of them all. Why does the …

Simple Successful in a Complex World

Woodruff-Sawyer and Co., ranked #16 in the Insurance Journal Top 100 Independent Agencies, continues to grow, handling complex commercial risks here in the U.S. and in foreign countries. Since the agency’s founding 90 years ago, it has kept things simple …

Seminars Help Generate New Sales and Marketing Techniques

Catherine recently attended a CIC Ruble seminar on Sales & Marketing in San Diego, Calif. The instructors were all very good and their information was timely and useful. We thought we should highlight the great sales and marketing ideas for …

Industry Progressing With Real Time Technology and Downloads

Independent agents and carriers see gains — in some cases doubling — in real time transactions Just one year into the making, supporters of the Real Time/Download Campaign (www.getrealtime.org), a campaign to improve the efficiency of communications between independent agents …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Human Services Nuts & Bolts: Travis Pederesen and Associates is offering general liability, professional, umbrella, …

McDermott Costa Celebrates its 70th Anniversary This Year

April 29, 2008 – San Leandro, CA – Insurance Brokerage firm McDermott-Costa Co., Inc. is celebrating its 70th anniversary this year. McDermott-Costa is recognized as one of the leading insurance brokerage firms in Northern CA specializing in Property & Casualty …

HRH Net Income Down 38.5% in 1Q; Total Revenues Up 4.4%

Hilb Rogal & Hobbs Company (NYSE:HRH) reported total revenues were up 4.4 percent for first quarter 2008 over the same period in 2007, but net income for the first quarter decreased 38.5 percent HRH reported that total revenues were $206.8 …

Report: 2008 Insurance Agency-Broker Value Forecast

Marsh, Berry & Company Inc. has released an overview of the state of the insurance distribution system for 2008 and beyond. This research report documents historical and projected insurance agency/broker value, merger & acquisition activity, and organic growth best practices …