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William Atkinson
When it comes to providing information to senior financial executives, risk managers need to understand the importance of speaking the language of the treasurer and CFOand not the language of risk and insurance. They also need to understand the importance of using broker information and assistance appropriately.
Denise Tessier
On March 14, 2011, Aflac severed ties with comedian Gilbert Gottfried, the quacking voice behind its popular television mascot, the Aflac Duck.
Chad Hemenway
The accumulation of data and the usage of that data in catastrophe modeling is a delicate business.
William Atkinson
Brokers fully understand the important supporting role they play in helping risk managers prepare reports and presentations to senior financial management.
Chad Hemenway
Recent surveys by state affiliates of the National Association of Professional Insurance Agents (PIA) reveals what agents really think of small/regional insurers.
Curtis M. Pearsall
When evaluating the cause of agents E&O claims, one of the current hot spots deals with the manner in which claims are handled at the agency level.
Caroline McDonald
Those who were anticipating rates to harden due to substantial updates to Risk Management Solutions (RMS) U.S. hurricane model say the impact hasso farturned out to be less than expected.
Chad Hemenway
Some say you know a negotiation was successful when neither side is completely happy with the final outcome.
Chad Hemenway
When comparing small carriers with international giants, one common competitive edge ascribed to the big guys is their advantage in the technology realm: They have the economies of scale to make substantial investments in sophisticated technology, such as advanced predictive-modeling tools.
Arthur D. Postal
The Securities and Exchange Commission is considering giving insurers a broad exemption from the Volcker Rulethe section of the Dodd-Frank Wall Street Reform and Consumer Protection Act that restricts financial institutions from engaging in certain kinds of speculative investing.
Chad Hemenway
A catastrophe-laden 2011 and a tornado-filled start to 2012 could have a debilitating impact on smaller carriers, based on the simple premise that they often have a lot smaller of a financial cushionless business from which to draw and pay claims, analysts say.
Michael P. Voelker
For weeks on end in 2010, live footage of a ruptured pipeline spewing oil underwater in the Gulf of Mexico served as a 24/7 reminder of the potential for environmental devastation. Underwriters and brokers dealing with Environmental insurance initially feared the worst in terms of the disasters impact on the...
Chad Hemenway
After enduring a catastrophe-filled 2011, small and regional carriers emerge wiser and committed as ever to the personal-service edge they enjoy over their larger competitors.
Arthur D. Postal
Health-exchange regulations finalized by the Obama administration March 12 envision allowing agents, brokers and private companies to sell coverage on the exchange to individuals and employers through privately run Web sites.
staff Writer
Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., has acquired KSPH LLC, a $5-million-revenue, employee-benefits agency based in Glen Allen, Va.
Claire Souch
Uncertainty in the science of catastrophe risk, and how this translates into modeling, has always been a hot topic, not least following Risk Management Solutions updates to its U.S. Hurricane and Europe Windstorm models last year.
Chad Hemenway
The last day of the latest Florida legislative session (March 9) saw the passage of a measure to help bring reform to the states auto-insurance system.
National Underwriter: What are the competitive advantage of AIR Worldwides U.S. Hurricane Model vis--vis the competition?
Robert Regis Hyle
Progressive Insurance, which offers coverage both through its direct channel and via independent agencies, is now leveraging its technology investments in order to maximize its buyer experienceregardless of platform.
Mark E. Ruquet
Evidence of a market turn continues to mount, as a survey of commercial-lines executives shows rates rose 3 percent in 2011s fourth quarterand recent analysis contends that rates could climb by as much as 10 percent over this year.
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