Operations News

ASCnet Relocating to Chicago-Area; CEO Search Initiated

Applied Systems Client Network (ASCnet), the user group of Applied Systems insurance agency management software, is planning to relocate by year-end 2010 to the Chicago area. Prior to the move, ASCnet will hire a permanent CEO to succeed interim CEO …

Texas Agent Named ACSR of the Year

The Insurance Agents & Brokers of America (IIABA or the Big “I”) announced that Patricia Ann Daniel of Extraco Insurance in Waco, Texas, has been named Accredited Customer Service Representative (ACSR) of the year. The ACSR program is a joint …

Schwartzman Named Deputy Superintendent in New York

Martin A. Schwartzman has been named deputy superintendent for Strategic Planning and Market Initiatives at the New York State Insurance Department. The new post designed to ensure that the Insurance Department is operating effectively in meeting the needs of consumers …

Ohio AG: Ruling Clears Way for State to Take AIG to Trial

Ohio Attorney General Richard Cordray announced he is encouraged by a recent federal court ruling granting class certification in the securities litigation against American International Group Inc. (AIG). The ruling in the U.S. District Court for the Southern District of …

Texas Mutual Receives National Wellness Award

Texas Mutual Insurance Company has earned recognition from UnitedHealthcare for its commitment to employee health and wellness. Ten other companies around the country earned the award. Award criteria included executive support for the health program, the presence of wellness champions …

IMA Inc. Appoints Hartman to Health Risk Management Practice in Denver

IMA Inc., an independently owned retail insurance broker announced that Brent Hartman has joined the company’s health risk management practice, Life IQ, in the Denver office. Life IQ is IMA’s multidisciplinary health risk management consulting practice that relies on health …

New York Requires Agents to Reveal How Much They’re Paid

Agents Balk at Plan, But Consumer Advocates Say New Rule Doesn’t Go Far Enough New York insurance regulators have recently unveiled new regulations that will require agents to reveal to their clients how much money they get paid. The proposal, …

Harleysville Profits Rise Dramatically

Investment gains helped Pennsylvania-based insurer Harleysville Group Inc. post a 422 percent increase in fourth-quarter income to $24.2 million, as the insurer nearly doubled its profits to $86.3 million in 2009. “We’re pleased that we ended 2009 with another strong …

Oregon Makes Health Insurance Rate Filings Public

Oregon’s Department of Consumer and Business Services Insurance Division has finalized changes to its health insurance rate review process that make all information submitted as part of an insurance company’s rate request open to the public. “Consumers now will be …

Large Brokers Freed to Go After Contingent Commissions But Will They?

The nation’s largest insurance brokers have received the go-ahead to begin accepting contingent commissions again — but two of them say they won’t do it. Officials in New York, Illinois and Connecticut have agreed to amend agreements under which the …