From an insurance perspective, it is likely that any coastal damage that is exacerbated by the discharge of oil will further complicate the coverage issues that arise.
Insurance losses from the explosion and sinking of the Deepwater Horizon oil well are expected to be the largest ever for global offshore energy insurance and reinsurance markets. As claims mount, the public is saying, "Show us the money."
By actively listening with empathy, challenging old models, and expressing a willingness to learn and implement a new skill set, insurers can move in the direction of a long-term, loyal customer base.
With the retirement of Justice John Paul Stevens and the Senate battle over Elena Kagan taking a top place in the news, I'm taking a look back at the Supreme Court and the implications for those of us in the claim industry.
With the 4th of July holiday weekend approaching, an agent's association survey finds millions of Americans plan to hold parties near the water, and the risk exposures can mean opportunities for agents who alert their clients to it.
Creating an effective budgeting and forecasting model will enable you to run your agency more efficiently, deal with roadblocks and capitalize on emerging opportunities.
To help protect property owners' investments, Fireman's Fund is introducing Green Financial Incentive Coverage to provide protection for incentives impacting taxes, utilities, loans and more related to green installations or upgrades.