Googles decision to shut down its aggregator website for auto coverage shouldnt prompt insurance agents to celebrate the victory of live intermediaries over Internet sales.
AmQuip knows the secret to a successful workers compensation program: zero injuries. A tall order, to be sureespecially when your company rents out and operates nearly 700 cranes in 47 states to refineries, power plants, and industrial and building construction sites.
As a growing number of insurance carriers attempt to sell small-business coverage direct to consumers, agents will need to be more than mere policy peddlers and price shoppers to remain relevant for their customers.
A return to normalized levels of both catastrophes and loss-cost inflation could cause problems for the industry in 2014 when combined with rate deceleration/decreases, KBW says.