Commissioner Burnes surprises industry by keeping issue alive 10 Neighbors seek to drain N.Y. City’s reservoirs to stem flooding But city officials worry about the risk of a summer drought 10 Study questions insurance cost effect on Pa. doctor supply …
Contingent commissions for agents and brokers should be watched by regulators but these profit-sharing arrangements do not necessarily have to be eliminated, according to a leading insurance consumer advocate. “I think they need to at least be regulated and moderated,” …
Hub International Limited reported strong growth in revenue and net earnings for the first quarter ended March 31, 2007. First quarter 2007 revenue of $171.8 million represented a $37.7 million, or 28%, increase over first quarter 2006 revenue of $134.1 …
The Main Street America Group announced that Steve Berry has joined the super regional property-casualty insurance carrier as president of its New England Region. Berry, who has background leading property/casualty sales operations in the New England marketplace, will report to …
After a review of the supplemental compensation plans recently proposed in the marketplace by certain carriers, Willis Group Holdings reported that it will not be accepting these incentive arrangements because, it says, they fail to fix the conflicts associated with …
The leader of the nation’s biggest independent insurance agent association has promised agents his group will vigorously defend their incentive pay and contingent commissions that have come in for criticism by some attorneys general. Citing the controversy of incentive pay …
A group of industry experts announced today the launching of Claimetrics, a claims management company focused on measurable results, at this week’s Risk and Insurance Management Society in New Orleans. The founders maintain the launch “marks the beginning of a …
AIG WorldSource(R), a division of the property and casualty insurance subsidiaries of American International Group, Inc. announced it is offering Accel Elite — employers’ liability coverage for U.S. companies with operations in the United Kingdom. Accel Elite provides for professional …
Insurance broker and rsk management firm Hilb Rogal & Hobbs Co. reported 2007 first quarter total revenues were $198.2 million, compared with $183.8 million in the 2006 first quarter. Commissions and fees were $192.2 million for the quarter, compared with …
Peerless Insurance, a member of Liberty Mutual Group, has named Linn Herron, regional vice president, Northern New England Regional Office. In this new capacity, Herron will oversee the regional personal and commercial underwriting functions and agency management for New Hampshire …
