Operations News

Declarations

They love it “Insurance companies love mediation.” — Louisiana Insurance Commissioner Jim Donelon, speaking before the state’s Senate Insurance Committee, added that mediation costs less than going to trial. Donelon is encouraging property insurers in his state to continue mediating …

Superior Access Launches Ground-Breaking Web Application for Independent Insurance Agents

Irvine, CA, Oct. 05, 2007 – Superior Access, the nation’s leading online insurance distributor, launched its most advanced web application to date: Superior Access 2.0. Crafted to provide independent insurance agents with fast and immediate access to a comprehensive range …

Judge Dismises Corruption Charges Against Marsh, Brokers, Insurers

The same federal judge who early in September dismissed all federal antitrust charges against Marsh & McLennan Companies and a group of other brokers and insurers has now thrown out all related federal charges of racketeering as well. Judge Garrett …

Marsh Comments on EC Competition/Transparency Report

Marsh UK has issued a bulletin indicating that it believes the “decision by the EU Competition Commission to investigate certain aspects of broker remuneration as part of the planned review of the Insurance Mediation Directive should lead to a better …

Study Finds Treating Worker Depression is Smart Business Move

Investing in depressed employees — quickly getting them treatment and even offering telephone psychotherapy — can cut absenteeism while improving workers’ health, a study suggests. Many employers view mental health coverage as a financial black hole, but the study shows …

Brooke Franchise Corp. to Acquire Chicago Area Agency Network

Brooke Franchise Corp., a subsidiary of Brooke Corp. recently announced an agreement to acquire 60 insurance agency locations from entities associated with Chicago-based J and P Holdings Inc. The acquisition is expected to close on Sept. 28, 2007 and is …

Report: Pandemic Overdue, Nations Not Prepared

A new report issued by Marsh and The Albright Group, two risk experts, warns that the catastrophic impacts of a long-lasting pandemic are not only likely to happen, but overdue. The study also states the impact of a pandemic is …

Mo. Dept. Names Adds Captive Insurance Program Manager

The Missouri Department of Insurance, Financial Institutions & Professional Registration today announced that John Rehagen will serve as Captive Insurance Program manager for the Insurance Solvency & Company Regulation Division. This announcement comes after Gov. Matt Blunt signed legislation earlier …

R&M Publishes International Reinsurance Review 2006/07

Dublin-based Research and Markets has published “International Reinsurance Review 2006/07.” R&M described the new addition to their research offering as “a compilation of informative chapters that combine to provide a dialogue on the current issues of debate within the reinsurance …

Survey Projects Annual Employee Cost for Health Care to Exceed $9,300

New data from Towers Perrin indicate that the average corporate health benefit expenditure in 2008 will be $9,312 per employee — an increase of 7 percent over 2007. According to Towers Perrin’s annual Health Care Cost Survey, the 7 percent …