Whether you’re talking about road contractors or hospitals or agents and brokers, every organization has in-house expertise. And you want to use it. You need to bring members together to share best practices. The mid-1980s were not easy times for …
News Currents Ten states, led by Texas and its Attorney General Greg Abbott, have come to terms with Zurich American, closing their probe into the insurer’s involvement in alleged bid-rigging and unfair compensation practices in the commercial insurance market. The …
News Currents 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 …
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 …
Hull and Co. Inc./Newport Beach’s Contract Division is offering a new program for residential remodelers, including those that build room additions or patios. Coverage is being offered in California by a nonadmitted carrier rated “A” VIII by A.M. Best. Eligibility …
Florida-based Brown & Brown Inc. reported the asset acquisition of two insurance agencies headquartered in Dallas, Texas. ProTexn Inc. and Best Practices Insurance Agency Inc. were acquired by a wholly owned subsidiary of Brown & Brown. ProTexn and Best Practices …
Ill. Attorney General Lisa Madigan has announced that her office, under agreements reached earlier this year, has notified three of the nation’s largest insurance companies that beginning January 1, 2007, they can no longer pay contingent commissions to agents and …
New York Attorney General Eliot Spitzer has notified four leading insurance companies that, under agreements reached with his office earlier this year, they may no longer pay “contingent commissions” to agents and brokers who sell automobile, homeowners and certain other …
The Independent Insurance Agents of Indiana (IIAI) recently announced special awards at a ceremony during their recent Annual Convention in November 11. Award recepients include: Ronald Shumaker, CISR, vice president-Personal Lines of The Thompson Group in Parker City, received the …
A retired insurance industry executive turned turbo-charged speaker told a group of independent insurance agents that they are the greediest people he has ever met. Ray Thomas, a former Zurich North America Small Business CEO, meant his remark as a …
