Operations News

Fla. CPCU Speaker Outlines Certificates of Insurance Terms, Provisions

“Certificates of Insurance: The Second Most Dangerous Piece of Paper,” including specifics about various insurance contract terms and provisions, and what to do and not to do with certificates of insurance were discussed by Bill Perkins, an instructor for the …

‘Big I’ Says Survey Will Help Strengthen Independent Agency System

The Independent Insurance Agents & Brokers of America is encouraging all members of the independent agency system to take part in the ACORD-User Groups Information Exchange’s (AUGIE) benchmark Agency Technology Survey. This survey is available now through March 1 at …

Michigan Governor, Democrats Introduce Insurance Reform Package

Gov. Jennifer Granholm and Democratic legislators introduced a multi-bill insurance reform package this week that is designed to reduce insurance rates. The National Association of Mutual Insurance Companies said industry advocates agree that the proposals will have the just the …

DCAP Makes Investment in New York’s Commercial Mutual Insurance Co.

DCAP Group Inc., a chain of independent storefront insurance agencies in the Northeast, has made an investment in Commercial Mutual Insurance Company. DCAP purchased all $3.75 million of the outstanding surplus notes of CMIC from Eagle Insurance Company. A New …

Hallmark Completes Acquisition of Texas General Agency

Hallmark Financial Services Inc. announced the completion of its previously disclosed acquisition of Texas General Agency Inc. and certain affiliates. TGA is a managing general agency involved in the marketing and servicing of property and casualty insurance products, with a …

R&M Offers E-Learning on Asset Management Liability

Dublin-based Research and Markets announced the addition of an E-Learning Course – “Asset Liability Management [ALM] for Insurance Companies” to their offering. The course offers “a comprehensive e-learning product covering Global Best Practices, Strategic, Operational and Analytical aspects,” said the …

RiskProNet Names Bailer Personal Lines Chair

Sadie Bailey, personal lines manager at SullivanCurtisMonroe Insurance Services LLC, Irvine, Calif., has been named chair of the personal lines practice group for RiskProNet International Inc, a network of 29 independent brokers in the United States and Canada. Bailey, a …

‘Big I’ Calls for Implementation of Real-Time Multiple Company Rating

The Independent Insurance Agents & Brokers of America (IIABA) is calling for the industry to accelerate current efforts to implement real-time multiple-company rating. “Real-time multiple-company rating was a priority issue at our just-concluded IIABA Board meeting,” said IIABA CEO Robert …

RI3K Head Warns Lloyd’s of Need to Reform to Survive

In a speech to the Insurance Institute of London yesterday, Jan. 25, Alex Letts, the Chief Executive of RI3K Ltd. – the London-based provider of platform technology infrastructure for the reinsurance industry, analyzed problems facing the London Market and maintained …

Zurich’s CEO Discusses Industry Issues in Davos Interview

Zurich Financial Services has released an interview with the Group’s CEO, James Schiro, to coincide with the ongoing conference of international business leaders, being held in the Swiss resort of Davos. Schiro, an American, who is widely credited with turning …