Operations News

10 States balk at federal preemption trend

More rules and laws seek to usurp states’ authority 14 Contingent fees become focus of R.I. lead case Should states contract with outside lawyers to sue? 14 Northeast states’ civil systems fare well in rankings U.S. Chamber of Commerce rates …

Your top salespeople may not be the best sales managers

Above-average salespeople were two times as likely to be as successful with an above-average sales manager. Average salespeople, contrarily, were five times as likely to be as successful with an above-average sales manager. The frontline sales manager has the toughest …

Technology

Given the pace of today’s technological developments, it is often difficult for agency principals to know where to get the most bang for their buck. As most agency principals know, it is important to take a strategic approach when it …

Western Insurance Associations: How the West is run

Editor’s note: This is the second article in a series on Western insurance associations. Part I of this article appeared in the April 3, 2006, western region publication beginning on page 47. As people migrate to the West, insurers’ must …

10 Deadly storms hit Midwest again in new round of tornadoes

Claim counts include March and April storms N1 U.S. tort costs reach a record $260 billion, study reports Cost exceeds other countries’ by large margin N1 Private companies at increased risk of liability lawsuits Survey shows private companies have the …

Minimizing litigations and investigations by managing e-records

The focus of litigations and investigations on electronic documents, particularly e-mails, and the increasing accountability of compliance programs, including record retention, are leading organizations to reexamine their document management. That includes e-mail destruction practices, records management programs, compliance training and …

Closer Look: Premium Funds Financial Management

Insurance agencies have millions of dollars in transit through their trust bank accounts. How should agencies manage premium dollars? Unlike other sales and service companies, independent insurance agencies have a management function in their daily operations. Most property and casualty …

New uniform credit agencies’ scoring system not likely to affect insurers

A recent announcement by the three major consumer credit reporting agencies that they have created a new credit scoring system is unlikely to have a major effect on insurers’ current use of credit in underwriting and rating for homeowners and …

Closer Look: Insurance Associations

Editor’s note: This is the second article in a series on Western insurance associations. Part I of this article appeared in the April 3, 2006, western region publication beginning on page 47. As people migrate to the West, insurers’ must …

Technology can help agents boost sales and more

Given the pace of today’s technological developments, it is often difficult for agency principals to know where to get the most bang for their buck. As most agency principals know, it is important to take a strategic approach when it …