Operations News

Maintaining Profitability in a Changing Market

What will it take to get ahead in 2008? Managing insurance cycles to maintain profitability is a tricky proposition. Higher premiums produced by hard markets provide more income, but it may be difficult to find coverage for troublesome risks. Plus, …

People Dayton, Ohio-based Norman-Spencer Agency Inc. recently appointed J. Patrick Malone as CFO. In his new position, Malone will oversee Norman-Spencer’s financial operations and manage the corporate accounting department. Malone comes to Norman-Spencer from Indiana Insurance, a subsidiary of Liberty …

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. Personal Lines Insurance Agents E&O Nuts & Bolts: Travis-Pedersen & Associates of Arizona, LLC is …

Employers Should Evaluate Testing Procedures to Eliminate Bias

Department to accept next round of applications Feb. 4 through Mar. 3 Employers often use test and other selection procedures to screen applicants when hiring and evaluating employees for promotion. In fact, there has been an increase in employment testing …

An Insurer’s Success Relies on the Expertise of Its Underwriters

An insurer’s success rests largely in the expertise of its underwriters. As the U.S. Department of Labor noted in its Career Overview series, “Great trust is placed in underwriters as an insurance company may have to pay excessive claims if …

Agents Have Options to Profit as Cycles Turn

Trust, efficiency, quality, knowledge are among the values independent agents bring to the insurance transaction Managing insurance cycles to maintain profitability is a tricky proposition. Higher premiums produced by hard markets provide more income, but it may be difficult to …

Earth’s Climate ‘Clearly Out of Balance’ Reports American Geophysical Union

A newly released statement by the world’s largest scientific society of Earth and space scientists – the American Geophysical Union (AGU) – warns that “the Earth’s climate is now clearly out of balance and is warming.” The statement updates the …

Sloan Mason Offers New Program for Restoration Firms

Sloan Mason, based in San Diego, is offering a new program for fire, smoke, and water damage restoration companies nationwide. The company said it provides competitive general liability/auto/contractors pollution including mold coverage/workers’ compensation for these clients with an “A” rated …

Willis/Marsh? A Firm ‘No Comment,’ But Rumors Persist

The rumors, and at this point that’s all they are, apparently started with a brief report on CNBC that Willis Group Holdings had expressed interest in acquiring Marsh, Inc. from MMC. Is there any truth in it? “No comment,” said …

AAA Calls Child Safety Laws Inadequate

Thirty years after the enactment of the nation’s first child safety seat law, a new survey shows parents strongly support child safety seats and child seat laws. Yet nearly 100 children under age five die every year in crashes they …