The unique aspects of the environmental insurance market, combined with constant change, make it a challenging coverage for most insurance professionals.
Agents are facing the softest market since 1933 and many are scrambling to find growth anywhere they can. Some agents are truly scared, and when a person is scared, emotions often trump logic. Quick fixes, even if illogical, become irresistible.
There has long been a prevailing theory in the disability income (DI) industry that during recessionary economic times, it is easier for consumers to see the real impact of a loss of income.
A recent salary and workplace e-mail survey with Florida Underwriter readers produced a remarkably good return rate (more than double the industry average) and answers that were enlightening and, at times, surprising.
Since the windstorm mitigation discounts were implemented for Florida homeowners, the residential property insurance market's financial performance has worsened, according to a state study group.
Merger and acquisition activity among insurance brokerages in 2009 dropped 40 percent over the previous year due to a generally tough economic environment and other factors, an investment banker reported.