Operations News

Ratings Recap: Dah Sing, Everest Re, Omnium, First Takaful, TATIL

A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Bermuda-based Dah Sing Insurance Company Limited (DSI) with stable outlooks. “The ratings reflect DSI’s supportive level of risk-adjusted capitalization, improved operating …

Japanese Agents Hope to Learn Best Practices from U.S. Agencies

The owners and producers of Japan’s estimated 300,000 insurance agencies can only dream of the success and freedom that the 40,000 independent agencies in the U.S. enjoy. But they can still learn best practices from U.S. agencies to help them …

Insurance Journal Searches for the Best Agencies to Work For

Is your independent insurance agency or brokerage firm a great place to work? Insurance Journal is on the search for the best independent insurance agencies and brokerages in the U.S. to work for and we hope you will consider nominating …

Insurance Journal Searches for the Best Agencies to Work For

Is your independent insurance agency or brokerage firm a great place to work? Insurance Journal is on the search for the best independent insurance agencies and brokerages in the U.S. to work for and we hope you will consider nominating …

State Auto to Sell Insurance Software Subsidiary to NuGrowth

Columbus, Ohio-based State Auto Financial Corporation, a super regional property and casualty insurance holding company, announced it will sell its Strategic Insurance Software (SIS) subsidiary to NuGrowth Solutions, a software sales and development company also headquartered in Columbus. SIS was …

Insurance Journal Searches for the Best Agencies to Work For

Is your independent insurance agency or brokerage firm a great place to work? Insurance Journal is on the search for the best independent insurance agencies and brokerages in the U.S. to work for and we hope you will consider nominating …

Survey Says Employers Preserving Benefits

The annual Transamerica Retirement Survey reports that while nearly half of the U.S. employers surveyed have undertaken cost-cutting measures such as lay-offs and salary freezes, relatively few have reduced or eliminated retirement benefits during this current economic downturn. The survey …

ACORD to Reintroduce Homeowners Insurance Application Form, ACORD 80

The insurance industry standards organization ACORD says it will reintroduce its monoline homeowner application form (ACORD 80) this October. The form was withdrawn from the ACORD Forms Library in October 2008 and replaced for personal residential applications by the ACORD …

Insurance Journal Searches for the Best Agencies to Work For

Is your independent insurance agency or brokerage firm a great place to work? Insurance Journal is on the search for the best independent insurance agencies and brokerages in the U.S. to work for and we hope you will consider nominating …

FERMA Supports RIMS Position on Brokers Contingent Commissions

The Federation of European Risk Management Associations (FERMA) has issued a bulletin expressing concerns over a new ruling in the US state of Illinois that allows brokers to resume taking contingent commissions. The bulletin said the association supports the “stance …