BestWeek: Insurers Redesign Producer Incentives.OLDWICK, N.J. -- As more major insurers and brokers settle contingent compensation investigations with state attorneys general, some insurers are experimenting with new ways to reward producers, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an article in the Jan. 8 edition of BestWeek. Another article discusses additional federal regulations that will change how banks do business in the coming year. And, with the start of new terms for several governors, one of the first items on their agenda was to name new insurance commissioners. Also in BestWeek, Best's Global Insurance Composite Index Composite Index A grouping of equities, indexes or other factors combined in a standardized way, providing a useful statistical measure of overall market or sector performance over time. Also known simply as a "composite". finished the week of Jan. 4, 2007, up 13.15% from a year ago. The composite index reflects the performance of 185 insurance stocks. The week's top performers were DBV DBV Decibels DBV Dubrovnik, Croatia (Airport Code) DBV Deutscher Bibliotheksverband eV DBV Deutscher Baseball und Softball Verband (German Baseball and Softball Association) DBV Dollar Bill Validator Winterthur Holding AG, Corporacion Mapfre S.A., Penn Treaty American Corp., Beazley Group PLC, and Atlantic American Corp. The bottom five performers were Dongbu Insurance Co. Ltd., Korean Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Co. Ltd., LIG lig Brit slang Noun (esp. in the media) a function with free entertainment and refreshments Verb [ligging, ligged] to attend such a function ligger Insurance Co. Ltd., Samsung Fire & Marine Insurance Co. Ltd., and Tower Ltd. BestWeek is published by A.M. Best for insurance professionals. To subscribe, please call A.M. Best's customer service department at (908) 439-2200, ext. 5742, or e-mail your request to customer_service@ambest.com. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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