Operations News

Regional Brokerages Not Immune To Slump, Execs Say

Large regional insurance brokers won’t be immune from the cyclical downturn hitting many sectors of the insurance industry. Although geographic and product-line diversification will offer some protection from the insurance slump and a few brokers report success in negotiating higher …

Oil and Gas Group Earns $2.9M Texas Mutual Dividend

Texas Mutual Insurance Company announced a $2,903,340 dividend to the Texas Oil & Gas Association (TxOGA) workers’ compensation group discount program. The dividend was based largely on the group’s premium volume and claim loss history. “Our members have shared in …

Wausau Survey: Employers Stay Level Headed Despite Recession Worries

Although a U.S. economic recession would not be good news overall for employers, most don’t believe a recession would drive up workers’ compensation claims, according to a new survey of financial executives by a Wisconsin based insurance company. Only 23 …

New York To Webcast Agent-Compensation Hearing on Monday

The New York State Insurance Department and attorney general’s office will hold the first of three scheduled public hearings on insurance agents’ compensation arrangements on Monday in Buffalo. The meetings, officials said, are a chance to gather testimony on different …

Strengths and Weaknesses, Part 2: What Agents Think of Regional, National P/C Insurers

Regional carriers come out on top in agency compensation and claims services, while nationals outscore regionals on loss control and technology. That’s according to an Insurance Journal weeklong survey in June on regional and national insurance companies. More than 400 …

EPIC Adds Four to Orange County, Calif., Staff

Edgewood Partners Insurance Center (EPIC), a retail property, casualty and benefits insurance brokerage firm, has expanded its Southern California presence, adding four people to its staff. Toni Erickson, who has more than 30 years of insurance industry experience, was appointed …

Harleysville Insurance Names Benjamin Southeast Regional President

Harleysville Insurance has appointed Gilbert M. Benjamin as regional president of its Southeast operation. In this position, he is responsible for the underwriting, agency management and support functions throughout the region—which is headquartered in Atlanta, Ga., where Benjamin is based, …

Find a Silver Lining in the Soft Market

Strategies From ‘Best Practices’ Agencies Searching for ways to survive and thrive in the soft market cycle? Cultivate untapped customer markets; proactively service renewals; use technology for efficiency and to manage customer expectations; assertively seek referrals and strive to be …

Find a Silver Lining in the Soft Market

Strategies From ‘Best Practices’ Agencies Searching for ways to survive and thrive in the soft market cycle? Cultivate untapped customer markets; proactively service renewals; use technology for efficient agency management; and assertively seek referrals. Those are tips offered by principals …

In Brokers We Trust

Alliant Insurance Services Puts Its Money Where Its Trust Is β€” In Teams, Not Individuals Insurance Journal Top 100 Agency Profile Alliant Insurance Services RANKING: No. 2 Headquarters: Newport Beach, Calif. Year Founded: 1927 Total Premium Volume: $2.8 billion 2007 …