Insights for the Insurance Professional
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The Patient Protection and Affordable Care Act has brought a degree of uncertainty to property and casualty independent agencies’ sale of employees benefits, but some experts say it may also be a time of opportunity for them as clients learn to navigate the new health care benefits landscape.
One of the major changes under the Patient Protection and Affordable Care Act (PPACA) will be the mandated creation of state insurance exchanges by 2014. The exchanges will be able to craft plans for individuals and small businesses that were previously paying higher premiums or unable to afford coverage.
For P&C Agencies looking to expand into selling Life & Health, one alternative to hiring a full-time Life producer is working with a consulting firm.
NATIONAL UNDERWRITER had two reporters on site in Atlanta Oct. 8-10 at the National Association of Professional Surplus Lines Offices’ (NAPSLO) annual convention: Editor-in-Chief Bryant Rousseau and Chad Hemenway, senior editor, markets. Here are their reports from the show floor, along with comments from several NAPSLO board members on what...
Severe tornado and hail events across the U.S. have significantly impacted the results of U.S. insurers (severe storms caused $25 billion in losses in 2011), leading them to re-evaluate coverage and pricing considerations and to look for products that specifically address these risks, says Christina Cronin, senior vice president of...
The good news for insurance companies is that, in general, rate increases may have outpaced loss trends in this year’s third quarter. But the benefits to carriers may be offset by growing reserve pressures and the continued “slow-motion collapse” of investment income, according to new analysis by Keefe, Bruyette &...
Joe Plumeri—the man who removed the door from his office to drive home his philosophy of transparency as he returned Willis Group to public ownership—is stepping down as chairman and CEO of the world’s third-largest brokerage.
The last decade has been a rough one for regional insurers, judging by a Fitch Ratings performance review that shows regionals lagging behind other types of insurers in two key metrics.
Specialty-insurer Alterra Capital Holdings tells investors it expects third-quarter catastrophe losses of between $10 million and $15 million.
In a survey conducted by research and consulting firm Deep Customer Connections about carriers’ performance, 99 percent of independent agents and brokers polled reported that ease of doing business is critical in their choice of carriers—and to that end, Acuity tops their list.
Rates for Excess/Umbrella Casualty coverage continued to rise in 2012’s third quarter as more large companies faced increases, according to a new report from Marsh.
Dayton Beach, Fla.-based insurance broker Brown & Brown saw its net income rise 12 percent ($5.33 million) in 2012’s third quarter to $49.5 million. Revenues were up 17 percent ($43.4 million) to $303.8 million.
The traditional defense-oriented, insurance-based role of the risk manager is giving way to an opportunities-driven approach linked to corporate strategy—a trend that is pushing risk professionals to seek continuing education (CE) courses teaching the business skills they need to stay competitive in today’s market.
Since 2004 Michael Miller has been president of Scottsdale Insurance, a leading E&S underwriter. Miller has 35 years of insurance-industry experience, with 26 of those years spent with Nationwide, Scottsdale’s parent company. Here he talks about the current market cycle, lines Scottsdale is targeting for growth, and why E&S carriers...
While attending a recent car show, I came across a reproduction window sticker displayed in a mint-condition 1966 Mercury Marauder.
Recently I had the pleasure of speaking at the third annual WorkComp Advisory Group’s “Knowledge and Networking” event. (The organization works with independent agencies to develop sales strategies, centered on but not exclusively targeted to Workers’ Comp.)
As an Aviation Insurance broker with more than 25 years in this specialized industry, I’ve served as an Aviation resource manager at both boutique and international firms. And although the economy has caused a lot of hardship in the industry, it’s still a great specialty. In fact, your current clients...
The role of evidence in subrogation arbitration differs from court proceedings. Here is a look at the seven categories of evidence.
Now that the recent hurricanes and wildfires have subsided, here are seven things you can do to make sure your business is ready for the next disaster.