Operations News

Excess flood insurance — when the federal plan isn’t sufficient

The lessons learned from Katrina and Rita and predictions of a future with bigger and stronger storms highlight more than ever the importance of flood insurance, even in locations where it was previously thought unnecessary. The National Flood Insurance Program …

Christina Urias

Wildfires, captives, credit scoring, and broker compensation and disclosure have been hot topics lately especially since wildfire season in particular extends through September. But the Arizona Department of Insurance began addressing many of these issues years ago to mitigate problems …

Understanding real estate-related risks

Throughout California and other states, there has been an incredible increase in the number of professionals involved in or related to real estate. When thinking about real estate risks, the first to come to mind are real estate agents and …

AMS Upgrades Sagitta System

AMS Services announced the general availability of AMS Sagitta 7.0, an agency management system for larger agencies, bank-owned agencies and national brokers. This release includes new security enhancements as well as additional flexibility and customization options to assist with increasing …

Hawkins Named National Outstanding CSR of the Year

Sharnel K. Hawkins, of Bratrud Middleton Insurance Inc., in Tacoma, Wash., has just been awarded the 2006 National Outstanding CSR of the Year Award. The Society of Certified Insurance Service Representatives (CISR) and the Society of Certified Insurance Counselors (CIC) …

St. Paul Settles with Conn,. Ill., N.Y. Attorneys General Over Broker Compensation

The St. Paul Travelers Companies Inc. has entered into a $77 million settlement with the attorneys general of New York, Connecticut and Illinois, as well as with the New York State Department of Insurance, resolving issues relating to those states’ …

Insurance Journal Series ‘The Commissioners’ Presents Interviews with 15 State Regulators

Reinsurance collateral, natural disaster plans, brokerage compensation disclosure, credit scoring, competition for insurance jobs—state insurance regulators across the country deal with these and many other issues. Insurance Journal reveals how they are handling the issues in a series of exclusive …

Insurance Journal Presents Video Interviews with 15 State Insurance Commissioners

Reinsurance collateral, natural disaster plans, brokerage compensation disclosure, credit scoring, competition for insurance jobs—state insurance regulators across the country deal with these and many other issues. Insurance Journal reveals how they are handling the issues in a series of exclusive …

Hub International Earnings Rise Sharply for 2nd Quarter

Hub International reported a 32 percent increase in revenue and a 286% increase in net earnings from continuing operations for Hub International Limited in the second quarter ended June 30, 2006 attributing the results to strong internal growth, acquisition revenue …

HRH Posts 10% Increase in Revenues for 2nd Quarter

Hilb Rogal & Hobbs Company reported its second quarter total revenues were $178.4 million, compared with $162.0 million in the 2005 second quarter, an increase of 10.1 percent. HRH said comissions and fees rose 8.5 percent to $171.9 million, during …