Operations News

Two Former Marsh Execs Found Guilty of Bid-Rigging

A New York court has found two former executives at insurance broker Marsh guilty of monopoly, but acquitted the two of all other charges stemming from a bid-rigging case brought by the state’s attorney general, according to a clerk for …

Final Call to Participate: Who’s Worth What in the Independent Agency System?

Insurance Journal is polling insurance agents and brokers nationwide in its quest to find out who’s worth what in the independent agency system. More than 1,600 agencies nationwide have already responded to Insurance Journal’s exclusive Agency Salary Survey. The survey …

New Products, New Website and 16 Years of Service to the Insurance Community

16 Years of Service February 21, 2008 – QualCorp, Inc has hit another milestone in celebrating 16 years of serving the insurance community by offering the most technically advanced software solutions. After starting as a third party administrator (T.P.A.) in …

AXA Art Offers Security Checks after Swiss Theft

AXA Art, the specialty branch of France’s AXA Group that offers coverage for art works, has issued a bulletin “offering to conduct security protocol assessments of museums in its key markets. The goal is to identify weaknesses and to provide …

Who’s Worth What in the Independent Agency System?

Insurance Journal is polling insurance agents and brokers nationwide in its annual quest to find out who’s worth what in the independent agency system. Nearly 1,000 agencies nationwide have already responded to IJ’s exclusive Agency Salary Survey. The survey results …

Zurich Net up 22% to $5.62 Billion

Zurich Financial Services Group has reported strong growth in all business segments, resulting in net income for 2007 of $5.626 billion, a 22 percent gain from the $$4.62 billion achieved in 2006. Business operating profit rose 10 percent to $6.614 …

Sloan Mason Offers Oilfield Program in Colo.

San Diego-based Sloan Mason is offering exclusive access to a new oilfield program for oilfield contracting companies in Colorado. The company said it provides competitive general liability/auto/workers compensation through an “A” rated carrier. Minimum account premium for all lines starts …

AIG to Pay $12.5M in Settlement with States Over Bid-Rigging Allegations

American International Group Inc. (AIG) confirmed in late January that it reached settlements with nine states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing, and questions about undisclosed contingent commissions paid to brokers. AIG …

Agog About Blogs

The risks for professional liability gain momentum from this new communications medium The new medium of blogging is changing the way communication is done today with respect to both individuals and the corporate universe, according to Leib Dodell, president and …

Failure to Reimburse Claims Expenses Efficiently Impacts Customer Satisfaction

J.D. Powers’ study says the faster the service the happier the claimant The length of time it takes to repair damages on auto and homeowners insurance claims weighs heavily on customer satisfaction, according to the results of a recent study …