Operations News

New Consortium Plans Strategies to Combat Medical Fraud

The newly formed Consortium to Combat Medical Fraud, a joint project of the Coalition Against Insurance Fraud, the National Health Care Anti-Fraud Association and the National Insurance Crime Bureau, along with participation from the Federal Bureau of Investigation and Department …

Ratings: Old Republic Group, Clarendon, Associated Gen’l. Contractors, ECM, Bankers, Titan, Cumberland

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Chicago-based Old Republic Insurance (formerly known as Old Republic Group) and its members and Bituminous Insurance Companies of Rock …

Strengths and Weaknesses, Part 1: What Agents Think of Regional, National P/C Insurers

Regional carriers rate better in underwriting experience, relationships and stability as well as in customer service and agency relations than their national competitors in the view of independent agents. Regional insurers also beat out national insurers when it comes to …

Kaufman Elected President of the Independent Insurance Agents of Texas

Garry Kaufman, president of Galveston Insurance Associates, Galveston, Texas, was elected president of the Independent Insurance Agents of Texas (IIAT) for 2008-2009 during the 111th Annual Conference & Trade Show. His term begins Sept. 1. Bryan Shofner, president of Shofner …

XL Insurance Adds New Green Building Product

XL Insurance (“XLI”), the global insurance operations of XL Capital Ltd (NYSE:XL) , launched a new green building product to encourage customers who experience a property loss to rebuild using resource efficient, environmentally friendly materials. XLI’s Sustainable Property Endorsement is …

Ascher Joins RPC Insurance Agency

Veteran insurance professional Marty Ascher has joined RPC Insurance Agency as marketing manager. Ascher will oversee all aspects of developing the independent agency network and product distribution for the Bethpage, New York-based agency, a wholly owned subsidiary of Kingsway America …

Business Moves

Lockton, Schwander Insurance Services The Denver office of Lockton Companies LLC, a privately held insurance broker, acquired Schwander Insurance Services of Centennial, Colo. Schwander CEO and President Michael Schwander will become executive vice president at Lockton Denver. He and his …

States Allow Firms Purchased by Aon to Phase-Out Contingent Commissions

Insurance broker Aon Corp. reported that the five government agencies to its 2005 regulatory settlement agreement agreed to an amendment that will permit companies it acquires to continue to accept contingent commissions for a limited time. Under the amendment, a …

Exclusive Survey, Part 1: Strengths and Weaknesses – What Agents Think of Regional and National P/C Insurers

Where Regional P/C Insurers Beat Out Nationals … and Where Nationals Outperform Regionals Regional carriers rate better in underwriting experience, relationships and stability as well as in customer service and agency relations than their national competitors in the view of …

States Allow Aon Brokers to Phase-Out Contingents

Insurance broker Aon Corp. reported that the five government agencies to its 2005 settlement have agreed to an amendment that will permit companies it acquires to continue to accept contingent commissions on existing business for three years following their acquisition …