'Agency Of The Year' Award Entries Sought
Staff Writer
Independent agencies are invited to enter the 2010 Commercial Insurance Agency of the Year Award program, run by National Underwriter and American Agent & Broker, with entries due by July 1.
Staff Writer
Independent agencies are invited to enter the 2010 Commercial Insurance Agency of the Year Award program, run by National Underwriter and American Agent & Broker, with entries due by July 1.
Caroline McDonald
Looking to lead by example, Risk and Insurance Management Society President Terry Fleming urged his members to "walk the talk" and emulate his practice of prohibiting brokers from accepting any contingent commissions on his account.
Arthur D. Postal
Trade groups called on the Senate last week to reject an amendment to financial services reform legislation they charge would "substantially weaken" the ability of a proposed Office of National Insurance to address "critical" trade issues.
Caroline McDonald
Risk managers looking to fully cover their commercial property losses and get back into business quickly after a catastrophe need to look way beyond the obvious, dissecting and accounting for a variety of potential coverage gaps.
Don H. Donaldson
While most businesses do a fairly good job of identifying the global threats to business operations, they often don't realize the smallest details can undermine seemingly robust business continuity or disaster recovery plans.
Arthur D. Postal
U.S. Senate Republicans believe failure to increase federal oversight of large insurance companies is a major deficiency of financial services reform legislation, questioning whether state guaranty funds are adequate to deal with large carrier failures.
Phil Gusman, Mark E. Ruquet
Insured losses from the Deepwater Horizon Drilling Platform explosion will likely total about around $1.4 billion, but are not expected to significantly impact this niche marketplace or buying behaviors.
Caroline McDonald
Lloyd's achieved a record profit of ?3.87 billion--that's $5.9 billion, in current exchange rates--to go along with a sparkling combined ratio of 86.1 last year despite a severe economic contraction and stubbornly soft commercial insurance pricing.
Arthur D. Postal
A revenue-hungry Congress may finally move to impose higher taxes on offshore-based insurers this year, property and casualty insurance industry sources on both sides of the issue predict.
Arthur D. Postal
Anxiety is growing within the agent and broker community about rules in New York going into effect in January 2011, requiring them to disclose to their clients information about compensation received from insurers.
Staff Writer
They say that he who pays the piper calls the tune. So why don't more risk managers just pay their brokers a set fee, rather than complain about contingent commissions corrupting the insurance placement process?
Mark E. Ruquet
Private companies, despite being exempt from any government mandate, must be prepared to disclose details of their ERM programs because of their dealings with public firms that must comply with SEC requirements.
Charles Bauroth
Depending on where an organization is located, the phrase "natural catastrophe" may encompass hurricanes, floods, earthquakes, hail, tornadoes, blizzards, landslides and possibly tsunamis.