Operations News

Industry Veterans Launch Insurance Wholesaler in Washington

Dusty Rowland and Eric Arthur, two industry veterans of the specialty insurance marketplace, have launched a new program administrator and specialty wholesale brokerage specializing in umbrella and excess solutions for retail brokers across the United States, called Mainstay Insurance Group …

FDA Cites Progress on Food Safety

The U.S. Food and Drug Administration says it is making “significant progress” with its one-year program to protect both domestic and imported food from accidental and intentional contamination. “Science and 21st century technologies help drive the FDA’s efforts to transform …

13 Companies OK’d to Self-Insure for Workers’ Comp in Texas

The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved thirteen companies to self-insure for workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance Regulation program. These thirteen companies collectively employ approximately 26,500 employees in Texas. Under …

Fireman’s Fund Wins Environmental Award

Novato, Calif.-based Fireman’s Fund Insurance Co. has been honored by the California Environmental Protection Agency with the Governor’s Environmental and Economic Leadership Award (GEELA) in the category of sustainable practices/facilities. The GEELA program recognizes individuals, organizations, and businesses that have …

Ratings: Ancon/Petroleum Casualty, Horace Mann, Great Northwest

A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and issuer credit ratings (ICR) to “aa+” from “aa” of Ancon Insurance and Petroleum Casualty Group and its member companies, Ancon Insurance Company, Inc. …

Employee Retention: A Best Bet for Better Performance in Any Economy

Employee retention programs drive better bottom line performance in growing and uncertain economies. In fact, engaging and rewarding employees with financial or non-financial awards are retention actions that can no longer be overlooked or dismissed as trivial. Today there is …

Employee Retention: A Best Bet in Any Economy

Employee retention programs drive better bottom line performance in growing and uncertain economies. In fact, engaging and rewarding employees with financial or non-financial awards are retention actions that can no longer be overlooked or dismissed as trivial. Today there is …

Even Best Practices Agencies Struggle To Grow in Soft Market

Revenue Growth Proves Challenge; Hiring New Producers Remains Priority The Independent Insurance Agents and Brokers of America (the Big “I”) recently released its annual Best Practices Study. The independent study includes the “Rule of 20” statistic which provides a quick …

Program Market’s ‘Best in Class’

Four Program Administrators Join the Ranks of Best Practices Organizations Just two years ago the Target Markets Program Administrators Association launched the TMPAA Best Practice designation as a way to encourage members to look for greater efficiencies in the way …

Safeco, Montgomery Insurance Unveil Southeast Regional Operations

The effects on the Southeast of Liberty Mutual’s acquisition of Safeco Insurance became clearer as the insurer announced its regional line-up of companies and personnel. Montgomery Insurance and Safeco are part of Liberty Mutual Agency Markets, Liberty Mutual Group’s unit …