Unlike other sales and service companies, independent insurance agencies have a management function in their daily operations. Most property and casualty insurance agencies agree not only to sell and service insurance products, but they also receive transacted premiums, maintain them …
Warren E. Buffett, the billionaire chairman of giant Berkshire Hathaway, praises the performance of his primary insurance units, particularly Geico, in his annual letter to shareholders and acknowledges that concern over hurricanes has prompted his insurance subsidiaries to raise prices …
If your agency sends out a newsletter, take a moment, sit back and honestly evaluate it. Is it interesting and informative, packed full of helpful insurance information and ideas. Or is it loaded with canned facts and articles [yawn]. The …
The top functions of an agency newsletter are to keep in touch with existing insureds at times other than renewal and to establish or maintain contact with selected prospects. Is your agency’s newsletter a snooze-letter? If your agency sends out …
Berkshire’s Buffett still high on insurance despite catastrophe risk Gen Re misfortunes overcome by Geico’s stellar performance, Buffett says Warren E. Buffett, the billionaire chairman of giant Berkshire Hathaway, praises the performance of his primary insurance units, particularly Geico, in …
Texas Attorney General Greg Abbott reported that Texas and eight other states have reached a $171 million settlement with Zurich American Insurance Co. relating to bid-rigging and price-fixing in the commercial insurance market. The settlement means that policyholders in the …
An inside look at how to operate an agency more efficiently using technology will be presented March 28 during an “Agency Technology Summit” conducted in by Andy Siegel in Doraville, Ga. The Independent Insurance Agents of Georgia is sponsoring the …
Dallas, Texas-based Heartland Marketing Group Inc. announced the addition of Nicole Cosco as a commercial lines production underwriter. Her responsibilities will include assisting agents in the placement of standard lines business with carriers such as The Hartford, Safeco, St. Paul/Travelers, …
AMS Services has acquired FinancePro, a developer of Web-based premium finance solutions based in Issaquah, Wash. FinancePro provides premium finance loan management and agent quoting capabilities and is currently in use by large independent finance companies as well as MGAs …
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 exotic estate that has been home to elephants, orangutans …
