Operations News

Top 100 2010 Privately-Held Independent Agencies

About This Report: The economy and soft insurance market continued to hammer some of the nation’s leading independent insurance agencies in 2009. Property/casualty premiums written fell for 37 percent of the privately-owned agencies and brokerages on Insurance Journal’s Top 100 …

Globalization: How Systemic Risks Have Altered the Financial World

When the present Lloyd’s building was completed in 1986, the architecture was called high tech, but inside you would have found that the offices contained no Internet, no e-mails and no World Wide Web. Since the construction of this building, …

Aon Will Begin Accepting Contingent Commissions Again

Giant insurance broker, Aon Corp., said it will resume taking contingent commissions from insurers where they are permitted – reversing its policy on the controversial compensation just six months after a legal settlement banning the volume-based payments was lifted. In …

Strategic Planning in Difficult Times

Why It’s Important to Create Meaningful and Reachable Goals Let’s start off with three simple questions. Do you think business planning is important? Do you have a business plan? If you answered no to question two, you are not alone. …

8 Traits Top 100 Agencies Have in Common

Being One of the Largest Privately-Held Agencies Means Having Higher Overhead Costs Over the course of the past decade, our firm, C. R. Ekern & Co. has worked closely with over 25 percent of the Insurance Journal Top 100 Agencies. …

Lapre Scali & Co.’s Ishikawa Named Outstanding CSR

The National Alliance for Insurance Education & Research has announced that Kami Ishikawa, of Lapre Scali & Co. in Scottsdale, Ariz., is the 2010 Outstanding CSR of the Year recipient for the state of Arizona. To qualify for the state …

Unleash the Power of Your Computer

How to Gain More Hours a Day Computers should bring efficiency and save a lot of time. But they can actually waste time if you don’t use them properly. Most agencies have an agency management system and a rating system, …

Declarations

New England Wind “The barn was completely flattened.” —Kati King, of Gorham, Maine, where 54 mph winds destroyed her 150-year-old, 40,000-square-feet cow barn. Similar scenes were recorded throughout New England and New York as unusually powerful windstorms battered the region …

AIG Settles; Agrees to Pay $725 Million to Investors

American International Group Inc. and some of its directors and officers have agreed to a $725 million settlement to resolve allegations of wide-ranging fraud laid out in a class action suit led by three Ohio pension funds. Ohio Attorney General …

Frost Insurance Adds Bondurant as Commercial Practice Leader

Rick Bondurant has joined Frost Insurance Agency in Austin, Texas, as statewide Commercial Lines Practice leader. In this role, Bondurant is responsible for leading the planning, organizing and operating activities of the Commercial Lines Practice for the agency’s six branch …