Operations News

UniCare Launches New Options for Uninsured in Texas

UniCare Life & Health Insurance Company unveiled an innovative health insurance plan for Texas called Sound, which caters to the unique needs of adults between the ages of 19 and 29. There are an estimated 1.2 million uninsured people between …

Off-the-Job Worker Injuries Outpacing Safety Gains, National Council Says

Contrary to popular belief, today’s workers are safer on the job than they are at home or in their communities. According to the National Safety Council, recent gains in lowering workplace death rates, which are down 17 percent since 1992, …

Willis Q4 Reported Revenues Down in 2005 Compared to Prior Year

Willis Group Holdings Ltd. reported results for the quarter and year ended Dec. 31, 2005. Separately, the Board of Directors approved a 9 percent increase in the regular quarterly cash dividend on the company’s common stock to $0.235 per share, …

National Union Fire Launches Management Liability Package

National Union Fire Insurance Company of Pittsburgh, Pa., a member company of American International Group Inc., has launched ManagementRisk Protector (MRP), a package of management liability insurance coverages targeted to help small-cap public companies protect themselves from management liability risks …

Agency Management Resource Group Holds Producer School in Sacramento

The Ultimate Producer School, provided by Agency Management Resource Group (AMRG) is hosting its next school starting in April 2006 in Sacramento, Calif. The school combines technical coverage information, emphasizing commercial insurance, with training and business development planning. It also …

Crawford & Co. Reports Fourth Quarter 2005 Results; ‘Cautious’ About 2006

Atlanta-based Crawford & Company has announced its financial results for the fourth quarter ended December 31, 2005. Fourth quarter 2005 revenues before reimbursements totaled $216.9 million compared with $205.8 million in the 2004 fourth quarter. Fourth quarter 2005 net income …

People & Places

United America Indemnity Ltd.’s board of directors has selected Joseph F. Morris as its president. The company will also consolidate its two U.S. insurance subsidiaries, United National Group and Penn-America Group, under a single United America Insurance Group management structure …

Fitch: stable outlook for broker industry in 2006

New York-Chicago-based Fitch Ratings is predicting stability and growth for the broker industry in 2006, while admitting that earnings will be down in 2005 because of litigation connected to New York Attorney General Eliot Spitzer’s investigation. Fitch’s special report, “Insurance …

Seven tips for successful insurance process outsourcing

Outsourcing often receives a bad rap, with large corporations using it to reduce staff count, bureaucracy and overhead. However, for smaller companies, such as small and medium sized insurance agencies, outsourcing can be a valuable, even critical tool to facilitate …

New Markets

Non-Standard Medical MalpracticeNuts & Bolts: NAS Insurance Services has broadened its non-standard medical malpractice insurance to virtually all physicians specialists — plastic/cosmetic surgeons, emergency room physicians, lasik surgeons, orthopedics, etc. — except for obstetrics and bariatric surgeons. Dollars: Limits of …