Agency Management

FTC’s 2007 examination of credit scoring and the NCOIL regulations widely impacted the use of credit scoring models. Agents—for the most part—have come around to insurers’ use of credit scoring.

Bill Pritchard, president of Beacon Hill Associates Inc., a wholesale insurance broker and program administrator specializing in the placement of environmental insurance and other specialty products, provides his perspective on a number of crucial areas in the environmental-insurance market.

To compete in a marketplace flooded with competition, environmental insurance carriers to better stand out from the pack are developing new products—built on a growing familiarity with and sophisticated grasp of the unique coverage requirements of specific industry classes.

When a fire closed the family-owned Larez restaurant in Carlsbad, N.M., the owners were devastated.

BB&T continues to see growth in its insurance-brokerage business, reporting a 4 percent growth in income for the 2011 second quarter compared to the same period a year before.

BB&T continues to see growth in its insurance-brokerage business, reporting a 4 percent growth in income for the 2011 second quarter compared to the same period a year before.

Aon says net income increased 69 percent due to new business and the integration of Hewitt into its consulting business.

Subrogation is an unfamiliar word to policyholders, but that doesnt mean we shouldnt use it. In fact, it is a word we should use often, along with an explanation of how and why it works and the benefits to policyholders.