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Several States to Enact Insurance-Related Laws in 2009

Some of the new statutes are designed to reduce claims for accidents or medical needs, push the current limits of employee benefits and refresh the staid regulatory rating environment.

Young, Female or a Minority? Insurance Agents Want You

By Pat Speer
Citing the average age of an insurance professional at 54, the Big “I” and its Agency Universe Study reveals independent insurance agency system lacking representation among younger subgroups.

Electronic Exchange Initiative Launched for Retail Agents in E&S

MGAs and wholesale brokers see opportunities to apply more of the technologies that the standard market is implementing, such as the ACORD XML electronic standards, Real Time workflows and the use of ACORD forms.

Real Time? Real Truth.

By Carrie Burns
Real Time users report using the technology with at least half of their companies for viewing policies, claims status, billing inquiries, endorsements and single-company quotes.

Study Reveals Growth and Stability in the Agent Network

More agencies are being formed than in past years, particularly in areas of the country suffering from difficulties in the availability of coverage, according to an IIABA survey.

Despite Economic Crisis, Producers Report Increased Business

A survey of nearly 700 producers found that about one-third think the U.S. economy will stabilize within one year. More than 90% of producers surveyed think their business in 2009 will be as good as, or better, than they were in 2008.

New York Insurers, Agents: Latest Technology, Talent Keys to Success

Attendees at a recent CEO conference discussed the importance of acquiring modern technologies and recruits in order to compete.

Vendors Partner to Support Annuity eSignature Pilot

EbixExchange and SIGNiX, both Web-based technology providers, have partnered to enable brokerage firms to fully automate processing of annuities.

Hartford, Forced to Trim Jobs, Eyes Global Growth

Ken McCarthy
Although Hartford says it will cut 500 jobs this month, it plans to introduce two variable annuities in Germany in the first quarter and is considering expanding further in Europe and Asia.

Do Life Insurers Need Resuscitation?

By Alex Vorro
A new report from TowerGroup examines the profitability of the life insurance industry in the wake of the current financial crisis.

Progressive, IVANS Partner on Single Sign-on

Progressive says the plan is to simplify and improve agents’ workflows and make it easier for them to conduct business with the carrier.

Insurance Sales—Is It an Online World?

By Carrie Burns
Whether the customer is an agent/broker or a consumer, Datamonitor suggests insurers develop an online sales strategy to lower customer acquisition costs, as well as gain control of the customer relationship.

Data Collection Underway for 2009 Vanguards in Insurance Practices

Insurer voting is in progress as Insurance Networking News and Celent partner on INN’s 3rd annual ranking of tech solution providers.

Industry Adapts to Data-centric Age

By Bill Kenealy
At INN's Insurance Business Analytics conference last week, insurers weighed how to best wield some powerful new tools at their disposal.

Financial Shockwaves Driving Business Change

By Carrie Burns
TowerGroup points to economic, market and regulatory volatility as the No. 1 business driver for financial institutions.

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