Operations News

Global Insurance Leaders Place Growth at Top Of List

The leading overall issue facing the global insurance industry is capitalizing on new market opportunities, according to a survey of the participants at the 43rd Annual Seminar of the International Insurance Society (IIS) in Berlin, Germany. When asked, “What is …

Hawkeye-Security Insurance Named 2007 Top Partner by Mo. Agent Group

Hawkeye-Security Insurance, a member of Liberty Mutual Group, has been named 2007 Top Partner insurer by the Missouri Association of Insurance Agents (MAIA). The award was presented to President and Chief Executive Officer David L. Lancaster during the MAIA annual …

People and Places

Cary Schneider, senior vice president of the Insurance Information Institute, has been elected executive vice president by the organization’s board of directors. Schneider assumes new responsibilities for directing the internal operations of the I.I.I. while continuing to manage the I.I.I.’s …

Federal court to hear Nationawide’s Miss. storm surge appeal

Nearly 52 percent of U.S. urban Interstates are now congested and traffic fatality rates rose slightly, but road surface conditions and bridge conditions improved, according to the Reason Foundation’s latest annual highway performance report. “Gridlock isn’t going away,” said David …

Fraud Roundup

Five contractors arrested in Lake Tahoe California Insurance Commissioner Steve Poizner announced the results of the first undercover operation stemming from the Angora Fire in South Lake Tahoe. The operation took place at a residence in the disaster area that …

Premium Growth: Top 25 P/C premium gainers for first quarter 2007

“Growth is not constant and smooth. … I ain’t what I ought to be. … I ain’t what I am going to be, but I am not what I was.” I am certain that Erik Erikson, Stella Chess and Jane …

Creatively communicate with your carriers

There is more to good company relations than just putting an insurer’s plaque on your wall. Your agency must meet its agreed commitments, just as the carrier must meet its promises to you. The conduit for converting these mutual promises …

Treasury chief Paulson vows review of U.S. financial services regulation

The Bush administration plans to review the U.S. government’s regulatory system for financial institutions with the goal of making changes to better reflect modern markets. Treasury Secretary Henry Paulson said the review, which will be conducted by officials at his …

People

The Hartford Financial Services Group Inc. has named Thomas M. Marra to the newly created position of president and chief operating officer. Marra, currently a member of the company’s board of directors and president and chief operating officer of Hartford …

The Hartford Settlement with AGs Ends Agents’ Contingent Commissions

The Hartford Financial Services Group, Inc. announced it has reached a settlement with the New York, Connecticut and Illinois Attorneys General resolving matters relating to their investigations of the compensation arrangements between the insurer and its property-casualty agents and brokers. …