Operations News

P/C Insurance Brokers Profitable Despite Tough Economy, Soft Pricing

It takes more than a bad economy and declining prices to weaken property/casualty insurance brokers. Moody’s Investors Service says in its new Industry Scorecard report that the insurance brokerage sector remains financially solid despite the weak U.S. economy and soft …

Data Concerns – Small Agencies in Small Towns

For the past two weeks I have been discussing challenges faced by small agencies in small towns. This week I want to begin the discussion about various solutions I have seen these agencies us that have aided them in achieving …

6 Ways Agents Fail Their Workers’ Comp Customers

Like most agents, you work hard at writing new accounts, what salespeople through the years have referred to as “getting the fish in the boat.” But it doesn’t take a master angler to know that once you get the fish, …

Insurance Journal Seeks Nominations for Best Agencies to Work For

Is your independent insurance agency or brokerage firm a great place to work? Insurance Journal is once again on the lookout for the best independent insurance agencies and brokerages in the U.S. to work for and we hope you will …

Judges Reopen Portions of Bid-Rigging Civil Suit

A decision by a federal court in Philadelphia has reopened some of the racketeering and antitrust lawsuits that were dismissed three years ago against insurers and brokers who allegedly participated in a bid-rigging scheme with mega-broker Marsh. The lawsuit is …

8 Traits Top 100 Agencies Have in Common

Over the course of the past decade, our firm, C. R. Ekern & Co. has worked closely with over 25 percent of the Insurance Journal Top 100 Agencies. Providing either sales training, leadership training, or consulting to these firms has …

Signature Select Adds 2 to Personal Lines Practice in Denver

Signature Select LLC, a retail insurance broker subsidiary of The IMA Financial Group Inc., has expanded its personal lines insurance practice in Denver. Nate Bell joined the company as development executive, and Debbie Marmitt came on board as private client …

How to Establish an Agency Growth Culture

Why is agency growth important? Agents and brokers are faced with a continued economic downturn combined with sustained soft market conditions; insurance companies continue to tier agents based on future growth; acquisitions are costly; expense cuts are short-term profit enhancing …

Chartis Enhances Coverage for Network Security, Privacy Risks

Chartis is expanding Specialty Risk Protector, its professional liability and data network security insurance coverage developed by its Executive Liability division, to give customers access to additional protection for critical network security and privacy risks, greater flexibility in managing data …

Arrowhead Announces Instant Online Workers’ Compensation Quotes

San Diego, CA, 08/17/2010 – ARROWHEAD General Insurance Agency, Inc. has announced its producers can now receive instant quotes for Workers’ Compensation submissions under $15,000 in written premium through the new Quick Quote platform at ArrowheadExchange.com, Arrowhead’s online quoting portal. …