Operations News

Aon Forms ‘Affinity Worldwide’ Unit

Aon Corporation has announced the formation of Aon Affinity Worldwide, a new business unit dedicated to serving people and businesses that have common interests and needs for specialized insurance protection. The bulletin noted that in establishing Aon Affinity Worldwide, “the …

S&P: Marsh & McLennan Rating Unaffected by Possible Putnam Sale

Standard & Poor’s Ratings Services said that it is taking no rating action on Marsh & McLennan Companies (BBB/Negative/A-2) following the firm’s decision to, as MMC phrased it, “do a market check to determine the value” of its Putnam Investments …

Wolf Professional Risk Enters Professional Liability Market

Tampa, Fla.-based Wolf Professional Risk Inc., a wholesale brokerage firm, will begin offering services within the professional liability marketplace. The firm will initially focus on products that provide coverage for attorneys (lawyers professional liability), miscellaneous medical facilities (medical facilities liability), …

Texas Work Comp Commissioner Betts Approves 17 Companies to Self-Insure

Seventeen companies with approximately 82,000 employees in Texas recently were approved to self-insure for workers’ compensation claims for a one-year period under the Texas Department of Insurance, Division of Workers’ Compensation (DWC) Self Insurance Program. Commissioner of Workers’ Compensation Albert …

Calif. State Fund To Host Restaurant Supervisor Safety Training

California’s State Compensation Insurance Fund will sponsor a free restaurant-safety training program for supervisors in Sacramento on September 20. The workshop is designed to help restaurant managers and owners create a comprehensive health and safety training program for their workers. …

Chicago Fort Dearborn Life Names New Director, Customer Service

Fort Dearborn Life Insurance Co., a subsidiary of Health Care Service Corporation (HCSC), a Mutual Legal Reserve Company, today announced the appointment of Simon Camaj as director of customer service and support for the employee benefits business. “With a wealth …

Marsh & McLennan Cutting 750 Jobs

Marsh & McLennan Cos. Inc., the world’s biggest insurance brokerage, said last Friday it will cut 750 jobs, consolidate some locations and revamp its information technology structure to cut costs. Marsh & McLennan, which has struggled with profitability since it …

Insurers Have Work to Do on Own Business Continuity Plans

Insurance carriers recognize the need for having a business continuity plan in place, according to a survey recently conducted by IVANS, however, much work still needs to be done in the area of disaster recovery to be completely prepared. According …

Ohio Ward Group Conducts Customer Retention Study for Insurers

Cincnnati, Ohio-based Ward Group, a provider of benchmarking and best practices consulting services, is conducting an in-depth study of customer retention at both personal lines and commercial lines property-casualty insurance companies. The study will include a review of retention performance …

Agency Management Resource Group Hosts Agribusiness Conference

Agency Management Resource Group is hosting its first annual Agribusiness Conference at Lake Shastina Golf Resort in Northern California. The event will be held on Thursday, Oct. 5 and Friday, Oct. 6, 2006, from 8 a.m. to 5 p.m. The …