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Mark E. Ruquet
It is no secret that the insurance industry is in the middle of a generational crisis as experienced managers and producers begin to look at retirementand are discovering that there is a dearth of younger leaders ready to take their place.
Caroline McDonald
Although cyber-risk management is recognized as an enterprise-wide responsibility by many organizations, the IT department still is seen as the front-line defense against information losses and other cyber-liability risks, according to an industry survey of risk-management professionals.
Christina Bramlet, Phil Gusman
A new report by Conning Research & Consulting offers a gloomy view on growth prospects for the property and casualty industry, and an industry analysis from Keefe, Bruyette & Woods (KBW) suggests insurers reconsider cost reductions, including reducing salary, to improve profitability in the face of economic and market challenges.
Susan R. A. Honeyman
Almost every discussion of 2012 reinsurance rates for U.S. property risks touches on major changes in catastrophe modelsboth the recently released Risk Management Solutions (RMS) version 11.0 U.S. Hurricane Model; and, to a lesser extent, AIR Worldwides revisions released last year but only now making their way through the system....
Mark E. Ruquet
Everyone in the property-and-casualty sphereand the insurance universe more generallyknows that of all the problems we face, one of the gravest centers around the question of succession.
Caroline McDonald
A number of challenges continued in the workers compensation segment throughout 2010, causing additional decline in premium volume and deterioration of underwriting results, according to A.M. Best.
Almost every discussion of 2012 reinsurance rates for U.S. property risks touches on major changes in catastrophe modelsboth the recently released Risk Management Solutions (RMS) version 11.0 U.S. Hurricane Model; and, to a lesser extent, AIR Worldwides revisions released last year but only now making their way through the system....
Mark E. Ruquet
Insurance pricing remains volatile, affecting the growth of insurance agencies and brokerage firms, says the chief executive of Brown & Brown.
Arthur D. Postal
Two Gulf-Coast senators are seeking to remove a Senate flood-insurance legislation provision requiring flood coverage in areas already protected by levees, dams or other flood-control structures.
Mark E. Ruquet
The Council of Insurance Agents & Brokers (the Council) set up the FAME (Foundation for Agency Management Excellence) scholarship five years ago to help college students get an education in the insurance industry, explains Julia Kramer, senior vice president of leadership and management resources for the Council and director of...
Jeff Bogen
Professional-liability insurance is of increasing importanceand popularityin todays economic climate as more and more people become self-employed. Agents who have clients providing professional services to others need to know that this coverage is a necessity, especially given our societys quick-to-sue mentality.
Paul A. Ferrillo
Securities litigator Paul Ferrillo says standalone corporate investigation coverage may be the best solution for risk managers worried about Dodd-Frank whistleblower implications, but he also provides D&O coverage tips for those that cant afford the standalone solution.
Susan R. A. Honeyman
Almost every discussion of 2012 reinsurance rates for U.S. property risks touches on major changes in catastrophe modelsboth the recently released Risk Management Solutions (RMS) version 11.0 U.S. Hurricane Model; and, to a lesser extent, AIR Worldwides revisions released last year but only now making their way through the system....
Bonnie Cavanaugh, E&S Editor
Growing exposures in the area of cyber liability are creating new pockets of specialized insurance needs within the lawyers professional liability (LPL) market.
Richard W. Wigmore
In a soft market, one might think that alternative-risk solutions such as captives and rent-a-captives completely lose their value in light of the attractive pricing of traditional insurance productsbut this would be an incorrect assumption.
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