Operations News

PPIB Offers MediSpa Program Enhancement

MediSpa Program Enhancement Announced – Mesotherapy Coverage NOW Available Professional Program Insurance Brokerage is offering coverage for MediSpas and individuals performing Mesotherapy injections for fat reduction, cellulite and wrinkles. Coverage is available for generally accepted formulas as determined by societies, …

Agents and Brokers: Extended Deadline to Submit for IJ’s Top 100, March 21

Insurance Journal’s search for the nation’s top independent insurance agencies and brokerages is winding down with just a couple of days left for qualified firms to send in their entry forms. The exteneded deadline is Wednesday, March 21. Is your …

Ill. Agents Host Annual Industry Legislative Day March 20

The Professional Independent Insurance Agents of Illinois (PIIAI), in conjunction with the Illinois Insurance Association (IIA), Illinois Association of Insurance and Financial Advisors (IAIFA), Illinois State Association of Health Underwriters (ISAHU), Illinois Association of Mutual Insurance Companies (IAMIC), and the …

Bangs Joins LWCC as Vice President of Agency Relations

Louisiana Workers’ Compensation Corporation (LWCC) announced it has hired William B. Bangs IV as vice president of agency relations. In this position, Bangs will plan, direct and coordinate agency relations with insurance agents throughout the state. Bangs joins LWCC from …

Prospecting in the 21st Century: Using the Internet to find prospects

Former agent and technology guru provides tips on working the Web Technology expert Steve Anderson of The Anderson Network Inc., a licensed independent agent for the last 25 years, began his presentation to the Independent Insurance Agents of Texas conference …

10 La. regulators question Allstate cancellations

Insurance department tells company to reinstate policies 11 Former Okla. commissioner arrested, jailed Fisher broke terms of appeal bond, AG says N1 Industry gears up for more federal terrorism insurance debates Advocates say the coverage still vital to national security …

Compensation for employee benefits staff should mirror commercial lines

In our travels as consultants to the insurance industry, we have noticed that one of the more elusive “standards” or “norms” is compensation for employee benefits producers and staff. The difficulty in establishing an “average” is that the plans are …

Editor’s Note: Bonus round

Last November, then-New York Attorney General Eliot Spitzer notified four insurance companies that they could no longer pay contingent commissions to agents and brokers who sell automobile, homeowners and certain other insurance products. The four companies — ACE, AIG, St. …

What lies ahead for agency compensation? Agents could benefit from incentive pay plans replacing contigent income

Incentive pay plans for agents that some insurers are implementing to replace discontinued contingency compensation could work out better for agents than the programs they are replacing. A handful of major carriers banned the use of contingent commissions at the …

Minding Your Business

In our travels as consultants to the insurance industry, we have noticed that one of the more elusive “standards” or “norms” is compensation for employee benefits producers and staff. The difficulty in establishing an “average” is that the plans are …