Operations News

Employers Holdings Reports Net Income Dropped 15.4% in 2008

Reno, Nev.-based Employers Holdings Inc. reported net income for the fourth quarter of 2008 of $15.9 million compared with $31.8 million in the fourth quarter of 2007. Net income includes amortization of the deferred reinsurance gain related to the loss …

Texas Agent Named National ACSR

Kimberly J. Muesse of Lockton Companies Inc. in Houston, Texas, has been named the ACSR of the Year by the Independent Insurance Agents & Brokers of America (the Big “I”). Feb. 25 is the annual ACSR Tribute Day in honor …

Revett Minerals Sued for Negligence at Troy Mine

The widow of a man killed during a cave-in at Revett Minerals’ copper and silver mine in Montana has filed a lawsuit against the company, seeking $18 million in compensatory and punitive damages. Tammy Ivins served the lawsuit in February, …

Operational Efficiency Should Be Priority No. 3 for Agency Managers

Managing an independent insurance agency in the current hard economy and soft market requires agents to set priorities. In the Jan. 28, 2009, issue of Insurance Journal, Juan Andrade, executive vice-president for sales and distribution at The Hartford, identified customer …

New York Proposes Compensation Disclosure Rules for Agents

Despite earning praise from major insurance brokerages, a proposed new regimen of compensation disclosure rules for insurance producers has New York agents on edge. The draft regulations issued earlier this month include rules that establish “minimum disclosure requirements.” Those requirements …

Operational Efficiency Should Be Priority No. 3 for Agency Managers

Managing an independent insurance agency in the current hard economy and soft market requires agents to set priorities. In the Jan. 28, 2009, issue of Insurance Journal, Juan Andrade, executive vice-president for sales and distribution at The Hartford, identified customer …

People

Juan Andrade and Jonathan Bennett have been named as interim co-leads of the Property and Casualty Operations of The Hartford. Their appointment to those interim positions follows the departure of Neil Wolin, president and chief operating officer of the The …

Operational Efficiency Should Be Priority No. 3 for Agency Managers

Managing an independent insurance agency in the current hard economy and soft market requires agents to set priorities. In the Jan. 28, 2009, issue of Insurance Journal, Juan Andrade, executive vice-president for sales and distribution at The Hartford, identified customer …

‘Sometimes You Just Have to Ask’

You don’t have to be Hispanic to join the Hispanic Chamber of Commerce.” George Saenz Sr., founder of Cielo Vista Insurance Agency in El Paso, Texas, made that comment when I spoke to him while researching an article on how …

Business Moves

EPIC, VRT Insurance Services EPIC (Edgewood Partners Insurance Center) acquired all the assets of VRT Insurance Services Inc. VRT Insurance Services Inc. is owned by David Alvarado, its key producers and Belvedere Capital, a private equity firm based in San …