Operations News

‘Broken lawsuit system’ hurts small business, dampens the spirit of entrepreneurship, study claims

The tort system in the United States cost small businesses $98 billion in 2005, with the fear of lawsuits altering the way the small business owners make decisions, according to studies released at a Congressional hearing by the U.S. Chamber …

People and Places

National Insurance Partners Inc. (NIP), a Texas-based risk management and financial solutions firm, has appointed William E. Harrison, Jr. as president. Harrison brings 16 years of experience in the insurance industry to his position. He served as president of Coleman …

Personal Lines Profile

North Florida Agency Network Tallahassee, Fla. Owner(s)/principal(s): Rod Vaughn, Virginia Vaughn, Vanessa Jung 2006 personal lines premium: $29.6 million No. of personal lines insurers: 31 North Florida Agency Network is a network of agencies with administrative offices in Tallahassee. NFAN, …

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 …

Personal Lines Leaders

Agency Name 2006 Personal Personal Total 2006 Main Office Main Office Web site Lines Lines P/C Premiums City State Premium Revenue Written 1 Keystone Insurers Group $316.0 million $39.5 million $790.0 million Northumberland Pennsylvania www.keystoneinsgrp.com 2 The Leavitt Group $300.0 …

People and Places

Chicago-based Aon Corp. reported that David P. Bolger, executive vice president, chief financial officer and chief administrative officer, will leave the company after the appointment of his successor. Bolger will remain with Aon while a search for his successor is …

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 into …

New ‘Green’ captive insurer forms for eco-friendly businesses

Plans are in place for what its creators say will be the first captive insurance program designed exclusively for companies that are committed to sustainable business practices such as using renewable energy and producing environmentally friendly products. Denver-based Domani Sustainability …

News Currents

N.J. agents view insurance companies’ real time capabilities Nearly 150 New Jersey insurance agents recently got a firsthand look at how real time transactions work and save time. The Get Real Time program held last month in Edison, N.J. by …

‘Broken lawsuit system’ hurts small business, dampens the spirit of entrepreneurship, study claims

The tort system in the United States cost small businesses $98 billion in 2005, with the fear of lawsuits altering the way the small business owners make decisions, according to studies released at a Congressional hearing by the U.S. Chamber …