Operations News

Gallagher Reports Jump in Revenues for Q1 2010

Arthur J. Gallagher & Co. reported that total brokerage and risk management revenue for the 2010 first quarter was $414.9 million compared to $401.7, for the 2009 first quarter. Brokerage revenue came in at $303.5 million for the first quarter …

Willis Urges Risk Managers to Fight Against Contingent Commissions

Global insurance broker Willis Group Holdings, which has vowed to not accept contingent commissions, is urging risk managers to insist that all brokers they do business with also drop the controversial revenue source. Willis has launched an Internet campaign, dubbed …

Mixed Ruling in Connecticut Contingent Commissions Case

A Connecticut court has ruled that Wells Fargo-owned insurance brokerage Acordia Inc. broke the law by failing to disclose it received contingent commissions from five insurers. At issue in the case was an internal marketing program within Acordia known as …

Ganis Consulting Now a Part of Astonish Results

Warwick, RI – April 22, 2010 – Astonish Results is proud to announce the addition of Ganis Consulting as part of their insurance marketing and web services team. Ganis Consulting is an insurance agency consultancy and Business Brokerage that helps …

Ganis Consulting Joins Astonish Results’ Insurance Marketing Team

Astonish Results has added Ganis Consulting to its insurance marketing and Web services team. Ganis Consulting is an insurance agency consultancy and business brokerage that helps agencies across the country with agency operations analysis, consulting, buyer/seller representation and valuations. Since …

MetLife Pays $13.5 Million to Settle U.S. Contingent Commission Case

MetLife Inc., the largest U.S. insurer, has agreed to pay $13.5 million to resolve a federal government investigation into improper payments made to a San Diego-based insurance broker, the U.S. Justice Department said on Thursday. It said the millions of …

How Many Times Should Insurance Professionals Call Each Lead?

Does this sound familiar? Your insurance agency is buying and generating a high volume of quality leads, you have a highly capable sales department, and yet your ROI ranges from decent to poor. At Leads360, we hear the above scenario …

Lockton Chicago Adds Schmidt to Employee Benefits Practice

Kansas City, Mo.-based insurance broker the Lockton Companies has expanded its Chicago team with the addition of Thomas M. Schmidt as a vice president in the Employee Benefits Practice. Prior to joining Lockton, Schmidt was managing director of Schmidt Group …

Sierra Specialty Names Felde VP of Transportation

Sierra Specialty Insurance Services of Clovis, Calif., has named Lizette Felde vice president of transportation. Felde possesses knowledge of all lines of trucking and commercial auto insurance — from “tow trucks to semi trucks” as a result of more than …

As Surveillance Cameras Catch On, Florida Police Catch Criminals

The eyewitnesses are everywhere, watching everything. Break-ins. Bank heists. Convenience store robberies, purse snatchings and shopping sprees charged on stolen credit cards. All these incidents and more caught in the unflinching gaze of surveillance cameras. “In this day and age, …