Michael Jackson has been ordered to pay a $69,000 fine and remove 69 employees from his Neverland Ranch in Los Olivos, Calif., for allowing workers’ compensation insurance to lapse at the estate that has been home to elephants, orangutans and …
“I personally believe insurers would be better off if they had more standardization, much like the banking industry,” Joel Ario, News Currents New uniform credit agencies’ scoring system not likely to impact insurers The recent announcement by the three major …
Independent agents for Zurich Insurance are being asked to pay for the sins of company executives and large brokers accused of price fixing, account steering and misuse of finite reinsurance. Even though Main Street independent agents had nothing to do …
Joel Ario, Oregon Insurance Administrative News Currents New uniform credit agencies’ scoring system not likely to impact insurers The recent announcement by the three major consumer credit reporting agencies that they have created a new credit scoring system aimed at …
The recent announcement by the three major consumer credit reporting agencies that they have created a new credit scoring system aimed at simplifying the loan process likely will not have a major impact on insurers’ current use of credit in …
Independent agents representing Zurich Insurance in the U.S. will have to disclose their income before binding any commercial lines policies for Zurich and some Zurich agents may be denied contingency compensation under the terms of recent class action settlements. Zurich …
Won’t renew or insure new homeowners of commercial policies 8 Sirius International withdraws Florida application Won’t do business as an eligible surplus lines insurer 8 Florida AG files complaint against Marsh Crist alleges illegal manipulation of markets N1 Consumer group …
(Editor’s note: This is the fifth in a series of articles offering “best practices” suggestions for the hiring process in the independent agency. More information is available at iiat.org under Agency Management.) In previous articles, Paul Martin and I have …
Compensation for any agency is always the largest expense category. For the typical agency, total compensation (producer and employee compensation plus benefits and taxes) ranges from 50 percent to 75 percent of total revenue. If the compensation is too high, …
Louisiana Workers’ Compensation Corporation named Kristin Wall, president and chief operating officer, to replace Steve Cavanaugh as chief executive officer. Cavanaugh tendered his resignation at the March 16 Board of Directors meeting. Wall has been chief operating officer for six …
