Operations News

Selective: Solid Premium Growth, Account Retention in 2d Quarter

Selective Insurance Group, Inc.has reported its financial results for the second quarter ended June 30, 2006. Compared to the second quarter of 2005, the company said: Net income increased 31%, to $42 million, or $1.36 per diluted share, reflecting after-tax …

Wis. American Family Honored for Agents’ Customer Service Excellence

More than 1,350 licensed American Family Insurance agents from throughout the company’s 18 operating states have been recognized for customer service excellence under the J.D. Power and Associates Distinguished Insurance Agency ProgramSM. This distinction acknowledges a strong commitment by American …

LWCC Receives Ward’s 50 Designation for Fifth Year in a Row

The Louisiana Workers’ Compensation Corporation announced it has been named to the 2006 Ward’s 50 Group, a distinction that recognizes the 50 top performing property and casualty insurers in America. LWCC was selected from among more than 3,000 property-casualty insurance …

London American Professional Liability, LLC introduces a new Errors and Omissions Program

Fort Lee, New Jersey – London American Professional Liability, LLC (LAPL) a Program Administrator and MGA, introduces a new program for Independent Property & Casualty Insurance Agents Errors and Omissions. The program will be offered on a nationwide basis and …

Online Marine General Liability, Maritime Employers Liability

A new online marine general liability and maritime employers liability rating program has been announced by LIG Marine Managers in St. Petersburg, Fla. The “Thunderstorm” program is designed to provide 24/7 instant service and quotes for a wide variety of …

FAIA cat team volunteers honored for helping during Hurricane Katrina

Veronica Della Porta, chairman of the Florida Association of Insurance Agents, recognized catastrophe team volunteers who traveled to hard-hit areas and assisted victims during 2005, when hurricanes hit the southeast U.S. Bay St. Louis, Miss., agents David and Angelyn Treutel …

Crist, Fritschi & Paterson underscores value of relationships

Best Practices is an Insurance Journal column that highlights how some of the nation’s top-performing agencies run their operations. Insurance Journal Publisher Mark Wells recently interviewed Jack Fritschi, CEO of Crist, Fritschi and Paterson in Oakland, Calif. To listen to …

Getting your commercial producers to prospect

Some producers never seek out fresh prospects. Instead, their managers employ list services and telemarketers to spoon-feed them their leads. Still, this is the exception in the agency business and not the rule. Most producers must uncover their own prospects, …

Agency compensation reflects organic growth, profitability and retention

With fewer large books of business changing hands recently, insurance agencies are relying on staff-driven, organic growth to expand their operations. Compensation packages and new recruitment and training strategies have shifted to reflect this trend, and also to address the …

Insurance and the World Trade Organization negotiations

The Doha Round at the World Trade Organization has been a serious failure for the insurance sector, despite strong efforts by many parties. Instead of increasing the consensus for free trade, the Round has served to divide the developed countries, …