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If you own an underwriting agency with a very specialized, quality book of business—and have no plans to sell it—then Stephen Way, CEO of Houston International Insurance Group, may want to talk about making a deal.

Hire at Crump, Clements name change, Arrowhead acquisition, best practice agencies and UACIC designation

News from PCI, RLI Corp., Insurance Services of Asheville, Willis North America, NIPR, Glens Falls, HIIG, Marsh & McLennan, Applied Systems, BRP, InVEST, Foremost Insurance Group, IIABNY and PIA.

To draw a parallel between biology and technology, insurance policy administration systems (PAS) started out as simple organisms, existing solely as systems of record for the business and insurer writes. Functionality has gradually evolved and become increasingly complex, and so has the definition of PAS

Dealing with the oncoming wave of agency retirements is like getting run over by a steamroller: You know it will happen if you don't move, but its occuring so slowly you think there is time to escape.

In a cutthroat commercial lines marketplace, insurers have sharpened their focus on modernization of their policy administration systems (PAS). Failure to address this issue is a gamble insurers can’t afford to make.

AA&B spoke with three wholesalers/program administrators specializing in boat, yacht and marina insurance about what they're seeing in the current market and how retail agents and brokers can "shore up" this specialty business until the seas are calm.

Improved valuation system protects both independent agents and insuredsOne of the major challenges for independent agents is determining whether a customer has enough insurance ...