Operations News

Down to mirth

Insurance is a serous business. It’s not easy finding humor in the insurance headlines. But in 2006, a few stories that brought a smile snuck through the disasters and dire warnings. No belly laughs, for sure, but a little relief …

2006: Mother Nature and political deals made 2006 an unsettling year

From Maine to Virginia, agents and adjusters helped property owners dig out from damaging floods. High waters seemed to hit a new state every week. Meanwhile, these same agents had to worry about whether their income was at stake due …

Contingent commissions, court rulings highlight 2006

In 2006, the Midwest experienced the impact of contingent commission settlements based on the actions of several attorneys general and a myriad of court rulings on insurers’ use of credit, liquor liability and asbestos. Throw into the mix severe storms …

Down to mirth

Insurance is a serous business. It’s not easy finding humor in the insurance headlines. But in 2006, a few stories that brought a smile snuck through the disasters and dire warnings. No belly laughs, for sure, but a little relief …

Brown & Brown settlement with Florida: no charges, no guilt, no fines

After being the target of state investigations for more than two years, giant Florida insurance agency Brown & Brown Inc. admitted no guilt and faced no charges but opted to pay $5.8 million to bring the probes to a halt. …

Down to mirth

Insurance is a serous business, with contingent commissions, credit scoring and natural disasters making news in 2006. It’s not easy finding humor in the headlines. Yet a few stories that brought a smile snuck through the disasters and dire warnings …

Declarations

All I want for Christmas is … “On our Christmas wish list is to have somebody come back into the residential artisan contractor market. Pricing has gone way up for small guys in the artisan contractor/residential market.” — Barbara Parker-Hatch, …

Commissioners, compensation rules, earthquakes made for shaky ground

In the era when cowboys and gold panners roamed, the West was characterized as a wild yet adventurous place to live. Judging by 2006’s insurance industry headlines, those sentiments don’t seem to have changed. In the past year, agents and …

New rules mean bytes of electronically stored info could have big bite

Insurance agents want to avoid litigation, but it is not always possible. When agents become involved in litigation in federal court, it is important for agents and their attorneys to understand the new Federal Rules of Civil Procedure governing electronically …

How to hold your ground against the Internet marketers

Just because some individuals purchase policies over the Internet doesn’t mean that everyone is similarly inclined. Many personal lines prospects simply aren’t comfortable buying their insurance online or over the phone, at least not yet. This uneasiness gives local-only agents …