Operations News

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 …

Who is worth what?

Last year was not a big year for raises in independent insurance agencies as salaries in many agencies across the county stayed right where they were in 2004. Producer commission rates stayed the same also. More than 1,000 insurance agency …

6 Virginia’s new highway plan

Gov. Tim Keane explains why drivers will pay 6 N.J. looks back at claims-made Court allows policy where insured declined retroactive rider 6 Welders forge Maryland liability victory Pollution exclusion does not encompass welding rod liability N1 Risk models show …

People 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 …

Fitch Analyst

James Auden, 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 …

Managing Your Agency

For smaller companies, such as small and medium sized insurance agencies, outsourcing can be a valuable, even critical tool to facilitate cost-effective growth and stimulate productivity. Outsourcing often receives a bad rap, with large corporations using it to reduce staff …

New Markets

New Markets Nuts & 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 …

Minding Your Business

Agency value and price-what sellers can expect to put in their pocket Today there is constant attention by those asking agency owners to think about selling or merging with them, so the owner can pursue his or her hopes, dreams …

Compensation overall

Last year was not a big year for raises in independent insurance agencies as salaries in many agencies across the county stayed right where they were in 2004. Producer commission rates stayed the same also. More than 1,000 insurance agency …

2005 Agency Salary Survey

President/ Office Sales Accounting Personal Commercial Marketing Agency Total P/C Premium Volume CEO Manager Manager Manager Lines Mgr. Lines Mgr. Manager Revenue 2005 Average Salary $93,468 $36,577 $57,438 $35,200 $38,760 $41,250 $40,500 $367,373 Average Salary $106,372 $45,165 $61,219 $42,295 $33,887 …