Both the commercial and personal lines property/casualty markets grew significantly in 2002 creating opportunities for each of the three major distribution systems: independent agents and brokers, captive agents, and the direct response companies. The larger the market share in a …
Independent agents rule. This was again confirmed by the latest report from the Independent Insurance Agents & Brokers of America (IIABA) on market share. Independent agents dominate in commercial lines, writing more than 79 percent of the market nationwide. In …
Several eastern states are trying to clamp down on spreading staged accidents. Bills are being debated in New York, Massachusetts and the District of Columbia. The main point of attack: Make it a crime to be a so-called “runner” in …
Nuts & Bolts: A new package from the Chubb Group of Insurance Companies can help community banks minimize coverage gaps through an integrated mix of six coverages. Chubb’s ForeFront Portfolio for Community Banks consists of liability coverage for directors and …
Two recently released studies on automobile insurance rates show a wide variation in costs across the nation. They also seem to show a big discrepancy in their findings. It turns out, however, that al-though they’re not exactly comparing “apples to …
Vermont has reached a new milestone: the number of lawyers is at a record level. So is the number of lawyers per capita. Vermont now ranks in or near the top 10 states for its supply of lawyers. Vermont has …
Chittenden Corporation (NYSE: CHZ) Chairman Paul A. Perrault announced earnings for the quarter ended March 31, 2004 of $17.5 million or $0.47 per diluted share, compared to $16.6 million or $0.49 a year ago. Chittenden also announced a 10 percent …
Nuts & Bolts: A new package of insurance policies from the Chubb Group of Insurance Cos. is aimed at helping community banks minimize coverage gaps through an integrated mix of six coverages tailored to each customer’s needs. Chubb’s ForeFront Portfolio …
Two recently released studies on trends in automobile insurance rates show a wide variation in the costs for coverage across the nation. At first glance, they also seem to show a big discrepancy in their findings. It turns out, however, …
Nuts & Bolts: Lemac General Agency Division added a new BOP facility to complement its existing package facilities. The program features property, general liability, umbrella, EPLI and professional liability. There are 800 eligible classes for offices, retail, service, wholesale and …
