Operations News

Indemnity Excess & Surplus Agency Expands Online Quoting System

Indemnity Excess & Surplus Agency has added two products to itsonline quoting facility: real estate agent errors and ommissions and condominium owner/tenant package. In addition to the new real estate agents E&O and condominium owners/tenants package product, other IES products …

Former N.Y. Supt. Mills: State Regulation Has Holes to be Filled

Looking back on his two-year tenure, former New York Superintendent of Insurance Howard Mills says state regulation could stand some improvement. According to the former Empire State insurance chief, the state regulatory scheme has certain strengths in the areas of …

Zurich BOP up 48% to $5.9 Billion

Zurich Financial Services Group posted record results for 2007, with net income up 41 percent to $4.5 billion, and business operating profit (BOP) up 48 percent to $5.9 billion. The growth in profits came from all sectors, General Insurance, Global …

Texas DWC Approves 11 Companies to Self-Insure

Eleven companies with approximately 27,500 employees in Texas recently were approved to self-insure for workers’ compensation claims for a one-year period under the Texas Department of Insurance, Division of Workers’ Compensation (DWC) Self Insurance Program. The DWC reported that Commissioner …

Who’s Worth What in the Independent Agency System?

Insurance Journal is polling insurance agents and brokers nationwide in its quest to find out who’s worth what in the independent agency system. The exclusive Insurance Journal Agency Salary Survey results will be compiled for a special report in the …

York Claims Svc. Announces Accreditation to Teach Claims Adjusting in Florida, New Jersey, California and Texas

Parsippany, NJ: York Claims Service a subsidiary of York Insurance Services Group, Inc. (“York” or “the Company”), a leading insurance services provider, announced today its approval as a claims adjusting educator in four states: Florida, New Jersey, California, and Texas. …

Safeco To Cut Homeowners, Commercial Rates

Seattle-based Safeco has announced it will be cutting rates for California homeowners in 2007 an average of 20 percent. The move is expected to affect some 200,000 Safeco home and business customers in California, according to the company. Additionally, the …

The Commissioners: Howard Mills

Lessons on broker compensation and filling the gaps in state regulation Howard Mills, formerly an elected state representative, served the State of New York as its appointed insurance superintendent for the last two years. He stepped in to fill the …

People and Places

Privately owned insurance and risk management firm, McQueary Henry Bowles Troy L.L.P., has named Mike Rutledge a partner. Rutledge is a vice president in MHBT’s Fort Worth, Texas, office. Rutledge’s career in the insurance field spans 30 years. Prior to …

The Commissioners: John Oxendine

Oxendine defends Main Street independent insurance agents Georgia Insurance Commissioner John Oxendine, who was recently elected to his fourth four-year term, spoke with Insurance Journal’s Andrea Ortega Wells at the winter meeting of the National Association of Insurance Commissioners in …