Not surprisingly, compensation continues to be the single largest agency expense. The average independent agency in the U.S. spent between 62.2 percent and 66.3 percent on compensation in 2000, according to The Middleton Group’s biannual Compensation Survey. +20% CT DC …
Less than half of the states are likely to have their own privacy rules in place by the July 1 deadline imposed by the Gramm-Leach-Bliley Act (GLBA), a survey conducted by the National Association of Mutual Insurance Companies (NAMIC) shows. …
The Independent Insurance Agents of America (IIAA) expressed its approval of the efforts made by a number of states to enact licensing reforms. IIAA State Government Affairs Committee Chairman Ronald A. Smith emphasized that such efforts are necessary in order …
Nebraska-based Acceptance Insurance Companies Inc., an insurance holding company providing specialized crop insurance products throughout the U.S., named Myron L. Edleman and Richard L. Weill as directors of the company. Edleman, 58, owns and operates Edleman Ranches and Split Rock …
Community First Bankshares Inc. has acquired C. R. Motis Insurance Agency, a Wyoming insurance agency, through its affiliate, Community First Insurance Agencies Inc. The agency has offices in Casper, Cody, Green River and Laramie and total revenue of more than …
In what looks uncomfortably like a return to the offshore scams of the late ’80s, several reports of questionable taxicab policies using the names of two well-known carriers have recently surfaced in California. The problem is such that Nationwide Mutual …
Community First Bankshares, has acquired insurance agencies in Wyoming and Minnesota through its affiliate, Community First Insurance Agencies, Inc. The acquisition of Barnard Insurance Agency, with offices in Casper and Douglas, marks the company’s entrance into Wyoming. In addition, Community …
A South Dakota grand jury indicted a man late last month for filing a false insurance claim. The grand jury charged Steven Fideler, 45, with one count of filing a false insurance claim and one count of manufacturing a false …
South Dakota legislators have voted to keep the state’s countersignature law for insurance policies, which requires all policies to be signed by a resident agent. The move is viewed as a setback for insurers and consumers by the National Association …
