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One year ago, the LexisNexis Insurance Exchangeresulting from an alliance among LexisNexis Risk Solutions, the Council of Insurance Agents & Brokers (CIAB) and Marketcore Inc.was launched in an early adopter release to 16 brokerages and five member carriers. The systems goal: to simplify the submission of midmarket commercial-lines risks by...

Advice not price is the mantra of the companywhich also stands out with its no-commission compensation structure

KMRD Partners, one of the winners of the 2011 Commercial Agency Awards for Excellence, uses a proprietary agency-management system, KMRD XChange, to help the Warrington, Pa.-based firm stand above the competition. At a recent roundtable in New York, where all three winners of the Awards for Excellence shared insights about...

For its attention to risk consulting and its ability to translate that into a profitable and growing enterprise, Parker, Smith & Feek is our 2011 winner of the Commercial Agency Awards for Excellence.

While some agencies have only recently come to embrace the idea of being a risk consultant for their clients, the concept is nothing new for the agency Parker, Smith & Feek.

One of the most daunting (and often reviled) tasks facing agencies today involves the processing of certificates of insurance. This is an activity that typically generates no revenue for the agency but creates significant operational costs and dramatically heightens the agencys E&O exposure.

One of the most dauntingand often reviledtasks facing agencies today involves the processing of certificates of insurance. This is an activity that typically generates no revenue for the agency but creates significant operational costs and dramatically heightens the agencys E&O exposure.

The “next frontier,” in P&C technology, according to Jeff Yates, CEO of ACT (Agents Council for Technology), is real-time processing for commercial lines—a development that will have “huge payback” for independent agents and brokers.