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Ongoing economic uncertainty, weak investments and a spate of record-breaking catastrophes made 2011 challenging for most insurers. But executives are hopeful that firming prices, a history of success in selected markets and a little luck could make 2012 the insurance industrys turnaround year.

In the second part of a series of articles examining program submissions, Meadowbrook's Phillip Gajewski takes a look at what to expect when bringing the submission to market.

The Federal Emergency Management Agency says in a letter that taking over management of more than 800,000 flood insurance policies currently administered by State Farm will save the agency more than $50 million annually, compared to the cost of the current Write-Your-Own program.

Mark your calendars! NU provides highlights of the upcoming Target Market Program Administrators Midyear Meeting in Boston.

Jeremy Hitzig, CEO of Distinguished Programs and 2011 president of the Target Market Program Administrators Association, describes his firm’s strategies for achieving growth and efficiency, as well as ongoing initiatives at TMPAA.

In spite of competitive conditions in the specialty program business segment, an insurance industry analyst doesn’t see any flashing red alerts signaling major troubles ahead for program carriers so far in 2011.

Using his firm’s scoring method to gauge insurers’ financial strength, ALIRT Principal David Paul notes that specialty-insurer composite scores are less volatile than composites for the entire commercial-insurance industry over the long term.

Jeremy Hitzig, CEO of Distinguished Programs and 2011 president of the Target Market Program Administrators Association, describes his firm’s strategies for achieving growth and efficiency, as well as ongoing initiatives at TMPAA.