Operations News

Business Moves

PacWest Alliance, Shaw Group The Shaw Group of Eureka, Calif., and its affiliates: Anderson, Robinson & Starkey Inc.; Shaw & Petersen Insurance Inc.; PS Insurance Inc. dba Shaw Insurance Services; and Harbers Insurance Agency Inc. are the newest members to …

Trends for 2010

Soft Market, Economy, Taxes and the Producer Dilemma on the Frontlines for Agents To be proactive, one needs to understand and exploit current and future trends. Most trends can be predicated by understanding recurring cycles and applying that knowledge to …

TriSystems Readies New ‘Cost-Effective’ Platform for Lloyd’s Brokers

Jeff Ward, a director of London Market reform technology specialists TriSystems, and his colleagues have been busy lately. They’ve been working on the latest version of an electronic communications service for London’s brokers. With the official launch planned for Fenruary …

Washington Saves $128 Million By Fighting Fraud

The fight against fraud in the workers’ compensation system brought in $128 million to Washington last year, according to a new report from the state Department of Labor & Industries (L&I). In addition to recovering fraudulent payments and overpayments to …

Insurers to Curb Agency Compensation in 2010, Consultant Study Finds

Total property/casualty insurance agency compensation is expected to decrease slightly in 2010, largely due to contingent commission changes, according to a new compensation study. Four out of 10 insurance companies plan to modify their agent compensation plans in 2010 by …

ISA Offers Foster Care, Adoption Agency Coverage

Irwin Siegel Agency Inc. (ISA) of Rock Hill. N.Y., has developed a product for foster care and adoption agencies to address the insurance and loss control issues facing this segment. This program is an addition to the current suite of …

Insurance Journal Launches Academy of Insurance

San Diego – (January 6, 2010) – After months of planning and preparation, Insurance Journal has launched its latest product for the property/casualty insurance industry: The Academy of Insurance. Led by Director of Education, Christopher J. Boggs, CPCU, ARM, ALCM, …

Motorists Insurance Creates Agent and Policyholder Services Division

Columbus, Ohio-based Motorists Insurance Group has created a new division to focus resources on agent-facing technology, agency interface priorities and develop call center best practices for all companies in the group. In addition, the new division, MAX Service, will work …

Rocky 2009 Leaves P/C Agents Hoping for a Better 2010

Once again, agents and brokers are wishing for a harder insurance market in the New Year. But while most agents hope for firmer insurance pricing in 2010, just slightly more than a quarter (26.9 percent) predict a harder market will …

5 Years After Deadly Indonesia Tsunami, Communities Better Prepared

Five years after a Sumatra Indonesia tsunami killed 230,000 people, officials say that more communities are taking the threat seriously, implementing warning systems and understanding that swift action is needed if a threat arises. Since that tsunami devastated communities around …