Operations News

Final Call: Who’s Worth What in the Independent Agency System?

It’s that time again! Insurance Journal is polling insurance agents and brokers nationwide in its annual quest to find out who’s worth what in the independent agency system. More than 1,000 agencies nationwide have already responded to IJ’s exclusive 2009 …

Towerstone Adds 3 in Dallas Office

Towerstone Inc., a wholesale insurance broker and managing general agency based in Dallas, announced the hiring of three new employees. Samar Aragon has joined Towerstone as an account manager. She brings five years’ experience as an assistant underwriter with a …

Diablo Valley Insurance Acquires Gingrich Insurance Brokers

Diablo Valley Insurance Agency Inc. of Walnut Creek, Calif., acquired the assets of Gingrich Insurance Brokers of Orinda, Calif. Gingrich Insurance Brokers with annualized revenues of approximately $900,000, focuses on commercial property and casualty insurance. Ritch and Ted Gingrich, and …

Travelers Reports Solid Q4, Year-End Underwriting; ‘Well Positioned’ for 2009

The Travelers Companies, Inc. reported net income of $801 million for the quarter ended Dec. 31, 2008, compared to $1.063 billion, for the quarter ended Dec. 31, 2007. Operating income in the current quarter was $939 million compared to $1.057 …

Main Street America Unveils New System for Quoting Personal Lines

Jacksonville, Florida-based insurer The Main Street America Group has introduced Main Street Station for Personal Lines — a new quoting and policy issuance system for its independent insurance agents in Maine, Virginia and Georgia. Agents will be able to use …

New Season Kick-Off

You sometimes have to go backward a little before you can take two steps forward. With the nation still reeling from the events of 2008 — the constricting economy, the housing and credit crises, the Wall Street bailout, natural catastrophes …

Customer Retention Should Be Priority No. 1 for Agency Managers

In this economy, there are many things that agents should be looking at in terms of how they manage their agencies, but what should be the top priority? Juan Andrade is executive vice-president for sales and distribution at The Hartford. …

Business Moves

Westfield Insurance, NGM Insurance Co. Westfield Insurance will transfer its personal lines business in Delaware to The Main Street America Group’s NGM Insurance Co., Main Street said. Westfield, which is headquartered in Westfield Center, Ohio, entered Delaware in 2000 through …

People

The Insurance Marketing and Communications Association named Richard Look president. He is a marketing communications veteran with agency and insurance company experience, and currently serves as vice president of marketing communications for Inventure Inc., a privately owned insurance services company …

People

The Insurance Marketing and Communications Association named Richard Look president. He is a marketing communications veteran with agency and insurance company experience, and currently serves as vice president of marketing communications for Inventure Inc., a privately owned insurance services company …