Operations News

Indiana Insurance, LoJack Offer Anti-theft Devices to Construction Customers

Indiana Insurance, a member of the Liberty Mutual Group, has partnered with LoJack Corp., which is making its LoJack for Construction Equipment police-operated vehicle recovery systems available to construction customers to combat what the National Insurance Crime Bureau (NICB) reports …

Insuring the Future Continuing Education Scheduled for April 12

The Insurance Educational Association (IEA) and Mt. Diablo Chapter CPCU will present a continuing education-approved program addressing cutting-edge insurance issues on Thursday, April 12 from 8 a.m. to 12 p.m. The event will be held at the Lesher Regional Center …

Los Angeles Agent-Broker Association Installs Officers

Independent Insurance Agents and Brokers Association-Los Angeles installed its officers this week in Santa Monica, Calif. The 2007 officers include: Tim Cline, Timothy Cline Insurance, president; Lyshon Jackson, Hub International Insurance, president-elect; Brandon Okita, FIA Insurance, vice president; Dora Sher, …

Darwin Adds Managed Care E&O Risk Management Program

Darwin Professional Underwriters Inc. has established a comprehensive risk management and loss control program for its managed care errors and omissions (E&O) liability policyholders at no additional cost. The services offered through Darwin’s risk management program are designed to complement …

Allianz to Integrate Italian Units

Germany’s Allianz announced that the Boards of Directors of its Italian subsidiary companies, RAS, Lloyd Adriatico and Allianz Subalpina, have adopted a project to integrate their Italian operations. “Integration will be achieved through the creation of a single company, Allianz …

Best Affirms Mitsui Sumitomo ‘A+’ Ratings

A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa” of Japan’s Mitsui Sumitomo Insurance Company Limited (MSI) with a stable outlook. “The ratings reflect MSI’s improved risk-adjusted capitalization, consistent operating …

Agents, brokers ready to pursue ambitious legislative agenda in 2007

There is a new political dynamic in Congress that presents both opportunities and pitfalls. Last year, the President signed into law pension and health care reform that will greatly benefit insurance consumers. House passage of a surplus lines bill illustrated …

People & Places

Lloyd’s of London announced that Julian James, its director-worldwide markets, will be leaving at the end of April to join Lockton International. James has been responsible for all Lloyd’s commercial activities outside the UK, including the management of its 72 …

Try selling insurance like it’s overpriced spaghetti

Developing an insurance proposal for a prospective insured is a costly endeavor. Even a liability-only auto quote requires a major pre-investment in advertising, automation, carrier relations, education, licensing, office space, phones, staff, supplies, and more. Everyone in the office must …

Proactive agents help contractors and subcontractors reduce comp costs

Transitional duty assignments, return-to-work goals, regular communication, information gathering are all part of a solid program When helping contractors and subcontractors reduce their workers’ compensation costs, focus on four key elements: accurately determine the cause of the high costs, improve …