Operations News

80% Cut in RI3K Risk Platform Rates

Economies of scale still have a powerful influence on markets. U.K.-based RI3K, which has pioneered and implemented one of the London market’s most successful electronic trading platforms, underlined that fact with its announcement that, “due to a dramatically changed landscape,” …

CAA Adds LKL Insurance Group

Combined Agents of America LLC (CAA), based in Austin, Texas, announced that Lynn, Kiecke, Lackey Insurance Group Inc. in Bellville has joined the organization as its 35th member agency. “LKL Insurance is located in a very desirable region that is …

Aon U.K. Commits to Full Electronic Trading in Specialty, Reinsurance

In a breakthrough move, Aon U.K., announced that it “will move to a full electronic trading capability during 2006 for its specialist insurance and reinsurance businesses.” Aon’s London-based operation plans to phase in electronic trading gradually. It “will begin to …

Fla. Cat Team Volunteers Honored

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 …

SAN Group Names Roukey as Marketing Director

Satellite Agency Network Group, Inc. (SAN Group), a network of independent insurance agencies in the New England and New York, has named Christine Roukey as its new director of communications and marketing. Roukey has been with the SAN Group since …

Ill. Insurance Director Says 2005 Cat Costs Shared by All Regions

Illinois’ freshman regulator Michael McRaith may be the new kid on the block, but he isn’t shy about sharing his views on national and regional specific issues. In a recent interview with Insurance Journal’s Susan McKenna, he described the fallout …

Citizens’ Reps Appeal to Florida Agents for Help, Cooperation

Citizens Property Insurance Co. officials recently told agents meeting in Orlando that Florida’s insurer of last resort is “as ready as they are going to be,” to face the 2006 hurricane season. Paul Palumbo, Citizens head actuary, appealed to independent …

Workplace Bullies May Be Next On Insurers’ Watchlist, Insurance Journal Reports

From the playground to the classroom to the office — bullies can be found in all walks of life, but new anti-harassment legislation in some states could put an end to bullying in the workplace that can be costly for …

Pay less attention to delinquent accounts, call your good customers

Agents can make a difference in the perception of the insurance business if, instead of tracking and billing delinquent accounts, they turn everything around and call good customers, Kat Davis of Tower Hill Insurance in Gainesville, Fla., told Professional Insurance …

Lloyd’s forecast for Northeast: Storms, global warming threats are real

The prospect of another nasty hurricane season has everyone in the insurance industry braced for a white-knuckle ride. The spectre of a hurricane hitting a major Northeast population center is hardly the stuff of Hollywood fantasy. Leading forecasters agree there …