Operations News

Nautilus Insurance Group Receives Managing General Agents Award

Scottsdale, Ariz.-based Nautilus Insurance Group, comprised of W.R. Berkley Corp. member companies Nautilus Insurance Co. and Great Divide Insurance Co., has been recognized with community service, advertising and marketing awards at the 84th Annual Meeting of the American Association of …

Arrowhead General Insurance Agency Wins ACORD Award For Real Time Agency Data Upload

San Diego, CA, 06/03/2010 – ARROWHEAD General Insurance Agency, Inc., a leading provider of top rated insurance programs, is pleased to announce it was a recipient of an Early Adopter ACORD Award. Presenting the award was the Association for Cooperative …

Insurance Journal Searches for Top 100 Agencies

Insurance Journal is on the search for leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies report. Top Overall Independent Agencies, Top Commercial Lines Independent Agencies, Top Personal Lines Independent Agencies, and …

More Analysts Warn on Prudential’s $35.5 Billion Deal for AIA

A chorus of opposition is growing against Prudential Plc’s bold $35.5 billion takeover of American International Assurance (AIA), with analysts from Singapore to London flagging risks to the deal just weeks ahead of the critical shareholder vote. Many analysts have …

Trade Groups Sue New York over Pay Rules

Two trade groups for New York insurance agents are suing the state’s insurance regulator over new rules that will force them to reveal to clients how much they are paid for a particular transaction. The Independent Insurance Agents and Brokers …

Survey: Agents Seek More Real Time Options from Carriers

Independent agents and brokers want more carriers to offer real-time functionality, according to a new industry survey. Agents believe those carriers will deliver the greatest benefit in making real time the predominant workflow in their agencies. Participants from every state, …

Astonish Results Opens Florida Office

Insurance agency marketing and web services provider Astonish Results is opening an office in Orlando, Fla. In addition to personnel, the Orlando office houses a training facility for the Rhode Island-based firm. The company said the new Orlando office provides …

Vertafore Real Time Use by Agencies Up 56%; Savings Put at $20 Million

A leading insurance agency technology vendor says that real time transactions by independent agencies using its systems have skyrocketed 56 percent so far in 2010 over last year. Vertafore reported that its agent-carrier connectivity products, TransactNOW, PL Rating and Sircon, …

The Agency Salary Blues: How to Keep Employees Happy

While slugglish agency salary growth has employees singing the blues, some agency management consultants believe employee satisfaction can be kept up even in tough times. One way agency owners can keep their employees happy in today’s challenging climate is by …

The Agency Salary Blues: Staff Morale Takes Hit in Tough Economy

Stagnant and declining agency salaries have many agency employees singing the blues, and most agents don’t expect things to change, at least not anytime soon. While independent agency salaries maintained or decreased slightly in 2009, employee morale seems to be …