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Industry IQ: Looking Back-2008 3rd Highest Loss Year

propertycasualty360 | February 02, 2009

Though there were only 750 loss-producing events in 2008 compared with 960 in 2007, it was still the third most expensive year for insurers on record, according to Munich Re. The costs are attributed to a large

Industry IQ: Independent Agents Embrace Technology

propertycasualty360 | February 02, 2009

According to a survey conducted by Professional Insurance Agents associations in Connecticut, New Hampshire, New Jersey and New York, members in those states used real time transactions and comparative rating more

Industry IQ: Credit Crisis Increases Litigation

propertycasualty360 | February 02, 2009

The number of reported subprime mortgages and related cases filed in federal court during the first 9 months of 2008 already exceeds the total for 2007 by 50 percent, according to Third Quarter 2008 Updated: Breaking New Ground, a report from

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Will Microsoft Layoffs Affect Insurance Tech?

propertycasualty360 | February 02, 2009

Microsoft announced last week that it will cut 5,000 jobs due to declining sales, but what, if anything, will those layoffs mean to technology in the insurance industry? NU's Ara Trembly weighs in

Industry IQ: Soft Market on its Way Out?

propertycasualty360 | February 02, 2009

The 5-year soft market is coming to an end, according to a report by Advisen Ltd. The company predicts that average rate levels for commercial insurance will level off by the second quarter of 2009 and begin to rise

WIAA appoints Baca as executive sales representative

propertycasualty360 | February 02, 2009

WIAA Insurance Services, the agency arm of Western Insurance Agents Assn., has appointed Michelle Baca as executive sales representative. Most recently, Baca was responsible for Zurich's Southwest region for its commercial lines business.

Getting Personal: Fill a Need for High-Net-Worth Customers

propertycasualty360 | February 02, 2009

I started Chartwell Insurance Services 8 years ago on the premise that the high-net-worth individual was underserved in the personal lines insurance market. I had worked for years in the family agency and

Brownyard introduces CAST online system

propertycasualty360 | February 02, 2009

Brownyard Group is introducing an online system, Customized Agency Sales Tools (CAST). CAST is a product of Brownyard's marketing firm, Vertibrands, and gives insurance agency producers customized web-based tools for selling its products. CAST

eBridge Solutions introduces eAgent

propertycasualty360 | February 02, 2009

eBridge Solutions Inc. has launched eAgent, a web-based agency management tool for insurance agents. Using eAgent, agents can: o Organize and manage their entire book of businesso Scan, store and view documents in customer records using

PIIAI changes name to Independent Insurance Agents of Illinois

propertycasualty360 | February 02, 2009

The Professional Independent Insurance Agents of Illinois (PIIAI) has taken the name Independent Insurance Agents of Illinois (IIA of IL), effective January 1, 2009. The IIA of IL is headquartered in Springfield, Ill. and is comprised of 1,500

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