Operations News

Declarations

Fuel Economy or Safety? “More people may be looking at small pickups because of rising gas prices. Unfortunately, they won’t find many that afford state-of-the-art crash protection. Most earn dismal ratings for protecting people in side crashes, and all but …

The Spitzer Error

Liberty Mutual downplayed its recent victory when the New York Supreme Court declared that contingent commission agreements are not illegal. “Contingent commission agreements between brokers and insurers are not illegal, and, in the absence of a special relationship between the …

How to Become the Local Employer of Choice

Workers’ Comp Expert Advises Employers on Surviving Today’s Demographics About two-thirds of companies do no planning for workforce issues at all. Quickly rising and about to strike, the tidal wave of demographic pressure in the U.S. is a formidable threat …

People

Richard “Dick” Reynolds, former chairman and executive director of the Texas Workers’ Compensation Commission, was presented the Raymond Mauk Leadership Award at the Insurance Council of Texas’ 16th Annual Mid-Year Property and Casualty Symposium on July 17 in Austin. Reynolds …

Challenges and Strategies for the 21st Century Independent Agency

The letter from the Palatine Insurance Co. to the independent insurance agency, written in the dawn of a new century began: “The insurance business is experiencing perilous and unprecedented challenges …” The date: 1921. As the saying goes, everything old …

Will Baby Boomers Lead to Boost in Worker Woes?

Managing Risks With an Aging Workforce The aging and retirement of the Baby Boomer generation is creating a demographic transformation that will affect the staffs of insurance organizations, as well as their customers. Consider the following statistics: According to the …

How to Become the Local Employer of Choice

Workers’ Comp Expert Advises Employers on Surviving Today’s Demographics About two-thirds of companies do no planning for workforce issues at all. Quickly rising and about to strike, the tidal wave of demographic pressure is threatening the health of American business. …

Employee Retention: It’s Not Always About Money

Paid Time Off, Office Space Equality, Free Fridays and Wellness Programs Help Keep Agency Employees Happy At any gathering of insurance professionals in the country β€” at any time, anywhere β€” a common refrain of agents and company representatives alike …

What Agencies Can Expect Accessing Bank Capital in the Current Credit Crunch

How to Properly Position an Agency When Planning to Borrow From a Bank Every morning, stories of financial sector gloom and doom fill the airwaves. A slowing economy has affected the ability of individuals and businesses to pay their bills. …

There’s No Crying in Insurance

Hearing Aon, Marsh and Willis complain about a supposed lack of a level playing field is a bit like the Yankees or Red Sox carping about the Royals or Twins. There may be some truth to the complaints aired at …