Operations News

Texas Approves 14 Companies to Self Insure for Workers’ Comp Claims

The Texas Department of Insurance Division of Workers’ Compensation announced that 14 companies with approximately 47,600 employees in Texas recently were approved to self-insure for workers’ compensation claims for a one-year period under the department’s self insurance program. Commissioner of …

Risk Managers Wrong to Oppose Contingent Pay, Charge PIA Agents

The National Association of Professional Insurance Agents has criticized a statement issued by the Risk and Insurance Management Society (RIMS), saying the group’s position on incentive compensation undermines the free enterprise system. The agents group says the members of RIMS …

First Cardinal Reports Hirings, Promotions at N.Y. Headquarters

Workers compensation administrator First Cardinal LLC announced the hiring and promotion of several employees at its Latham, N.Y. headquarters. Christine D. Bentsen has joined the accounting department as a senior accountant. Prior to joining First Cardinal, Bentsen was employed with …

N.C.: TriSure Names CEO, Restructures to Meet Future Growth

Raleigh, N.C.-based TriSure Corp. named John Cramer, a partner and co-founder, the firm’s new chief executive officer. The move stems from TriSure’s need to implement a management structure that positions it for future growth, according to a company news release …

Effner Joins Main Street America

The Main Street America Group announced today Gregg Effner has joined the company as assistant vice president of distribution management. Effner, who has 30 years of property-casualty industry experience, will be based at the company’s corporate headquarters in Jacksonville, Fla., …

Agents Criticize RIMS’ Lack of Support for Contingent Commissions

California’s Alliance of Insurance Agents and Brokers has issued a statement, criticizing the Risk and Insurance Management Society’s support of eliminating contingent commissions. In May, RIMS called contingent commissions “an inherent conflict of interest” and noted it was disappointed that …

Fireman’s Fund Offers E&O for Big “I” Membership

Novato, Calif.-based Fireman’s Fund Insurance Co. has endorsed a program for insurance agents errors and omissions (Agents E&O) coverage with Independent Insurance Agents & Brokers of America (IIABA), known as the Big “I”, in all 50 states and the District …

Business Moves

Cadence, Strategic Independent Agents Alliance Cadence Insurance Services of Colorado Springs, Colo., became a member of the Strategic Independent Agents Alliance, a network of independent insurance agencies. Cadence Insurance Services joined the ICA Agency Alliance Master Agency network in Colorado …

Declarations

Declarations Pay for flood now or later “I would put flood insurance back in the homeowner’s policy maintaining the federal government as the reinsurer … We need to bring more people into the system … We need to bring them …

Repeat performance

The results are in and they bear repeating and repeating and repeating. Three-quarters of consumers are very satisfied with the service provided by their insurance agents and remain committed to working with them in the future, according to a new …