While independent agents have their favorite carriers for certain risks, on occasion they end up choosing a carrier other than their preferred carrier. Most often the reason they do is pricing. Independent agents named customer price as the leading factor …
Reagan Consulting and the Independent Insurance Agents & Brokers of America (Big “I”) announced the Best Practices Agencies for 2008-2009. A total of 189 agencies from around the country maintained their Best Practices status this year, and one from each …
Undue Influences “(W)e drink the Kool-Aid.” —Moody’s Chief Executive Raymond McDaniel, commenting, in documents, on the dilemmas agencies like Moody’s face in assigning ratings to issuers of securities. Sometimes, he acknowledged, the constant letters and communications from analysts, managing directors, …
Aon Corp., the world’s largest insurance brokerage by assets, posted better-than-expected quarterly profit Friday, helped by growth in fees and commissions. Excluding items, profit from continuing operations rose 33 percent to 69 cents per share, and revenue was up 6 …
The London-based electronic trading service RI3K announced the launch of its RI3K Data Exchange service (RDX). “This is an entry-level solution for passing ACORD xml data and documents from RI3K directly to users’ own management information or processing systems,” the …
Atlanta Business Magazine ranked Ebix Inc., among the Top Ten Growing Companies in Atlanta during a recent ceremony at the Atlanta Historical Center. Ebix, an international supplier of software and e-commerce solutions to the insurance industry, has a record of …
Abram Interstate Insurance Services Inc. in Rocklin, Calif., has a new nonstandard auto program in California, called Abram Auto Advantage. Coverage is provided by an A.M. Best rated “A-” carrier. The program features extended coverage on motor club program, immediate …
Indiana-based Gibson Insurance Group is part of a group of independent insurance agencies around the U.S. to retain Best Practices status in 2008 from Independent Insurance Agents & Brokers of America (IIABA). Gibson Insurance Group first received the honor in …
Two Kansas businessmen, one in banking and the other in insurance, have made an offer to purchase the assets of the troubled Brooke Insurance Corp. In an interview with Insurance Journal, Albert Riederer, who is the Special Master appointed by …
Texas-based Combined Agents of America LLC (CAA) announced four of its member agencies, Bigham-Kliewer-Chapman-Watts, Bryan Insurance, Pierson & Fendley and Weatherby-Eisenrich, have retained their status as “Best Practices” agencies for 2008-09. As a part of this elite group of independent …
