Seventy-six-year Florida resident, American Society of Safety Engineers’ professional member and chemist Edwin Granberry Jr., urged officials to provide the same level of workplace safety protection for the estimated 8.5 million state and local government workers that other U.S. workers …
California Insurance Commissioner John Garamendi on Tuesday announced that Prudential Insurance Co. of America agreed to settle its dispute with the division over alleged abusive practices. As part of the agreement, compensation paid to brokers will be disclosed to consumers, …
In separate but related move, N.Y., Conn., Ill. tell four insurers contingent commissions no longer an option Ten states, led by Texas and its Attorney General Greg Abbott, have come to terms with Zurich American, closing their probe into the …
Developing a Web presence is not the primary focus at Bolton & Co. Insurance Brokers — developing the skills of employees and building relationships with customers is the chief concern. After all, when employees have the knowledge to help customers …
Are the elves at work? “Just because it’s close to Christmas doesn’t mean the governor has to be Santa Claus. That’s not what the special session should be.” — Louisiana State Rep. Steve Scalise, R-Metairie, a member of the House …
Indiana Insurance, a member of the Liberty Mutual Group and an insurer of public and private schools throughout the Midwest, hosted a free, day-long seminar this fall to help Ohio school officials develop better school safety plans. Recognizing that violence …
Contingent commissions “It is grossly unfair to impose contrived restrictions on the ability to compensate producers in a legal and honest manner … PIA believes that authorities should be prohibited from using their settlement powers to bring about a ban …
Insurance executives would likely create a replacement incentive should lawmakers in Connecticut ban contingent commissions, as the state regulator has warned could happen. Executives voiced their dismay over possible legislation to ban incentive pay at the recent meeting of the …
Contingent commission ban “Many industries — not just the insurance industry — rely on performance-based compensation, which is legal, honest and brings many benefits to the insurance marketplace, as it does to our entire American economy. Eliminating all contingent compensation …
The mid-1980s were not easy times for many agents and brokers. Markets were changing — or disappearing. Agents and brokers spent much time trying to find adequate coverage at relatively reasonable prices. But they weren’t always successful. Most property/casualty insurance …
