Operations News

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, …

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, …

Minn. Western National Named to Ward’s 2006 Top 50

Minnesota-based Western National Insurance Group has been named to the 2006 Ward’s 50 group of top performing property/casualty companies in the United States. The designation recognizes Western National for achieving outstanding financial results in the areas of safety, consistency and …

Nearly 29% of Employees Considered Unproductive, Survey Found

Nearly 29 percent percent of company time in America is unproductive, according to the results of a new study by management consulting firm, Proudfoot Consulting. The estimated cost of poor productivity in the U.S. is $598 billion and U.S. companies …

Occupational Health Program Returns Washingtonians To Work Quicker

Injured workers in three Eastern Washington counties were 33 percent less likely to miss work and collect wage-replacement benefits if they were treated by doctors participating in a Department of Labor and Industries (L&I) program that encourages occupational-health best practices. …

London-based Aviva PLC Aquires Iowa’s AmerUs for $2.9 Billion

Aviva PLC, Britain’s largest insurance company, said Thursday it will take over U.S. life insurance company AmerUs Group Co. in a $2.9 billion deal that will expand the U.K. insurer’s reach into the U.S. market. London-based Aviva will pay $69 …

Acquisition Broadens Ebix’s Insurance Market Presence

Ebix Inc., an Atlanta based software developer and supplier of e-commerce software has announced that effective May 1, 2006, it completed the acquisition of substantially all the operating assets of Reston, Va. and Dallas-based Infinity Systems Consulting Inc. The acquisition …

Rockwood Introduces E&O Coverage for New P/C Agents

Rockwood Programs has recently partnered with certain underwriters at Lloyds of London to offer professional liability coverage specifically for property casualty agents licensed less than three years. “Our management team has long recognized that recently licensed producers represent an under-served …

Ill. Attorney General Sues Liberty Mutual for Alleged Bid-Rigging

Illinois Attorney General Lisa Madigan filed a lawsuit against Liberty Mutual Insurance Company and seven affiliates, alleging that the company and its affiliates participated in a bid-rigging and business-steering scheme. The civil complaint, filed Thursday in Cook County Circuit Court, …

Stroman Forms Houston-based Agency Consulting Firm

Mike Stroman announced the formation of Houston-based Stroman Consulting Group, an insurance agency management consulting firm, to work with insurance agencies on issues including sales and marketing management, COO training and coaching, sale preparation, retained agency search, and crisis management. …