Independent agents are getting hit with a double whammy these days--still suffering from commission losses as a result of the persistently soft market, while simultaneously dealing with the fallout of a severe recession.
Catastrophe modeling firm AIR Worldwide Corporation announced here earlier this week it has added a service to modeling of industrial and energy facilities, including offshore platforms and networks to its system.
While the majority of auto insurance customers stick with their carrier, many customers shop for insurance, and keeping current customers is critical to the long-term health of insurers, a J.D. Power and Associates survey finds.
At ACE, Joseph Werhle, NICB president and CEO, will discuss their integrated plan to focus on five core disciplines while helping insurers discern the many unsavory flavors of fraud.
Although I've been in the business for the past 18 years--starting out as a captive agent with Nationwide Insurance, then five years later off on my own--I'd never
Despite international efforts that have suppressed some attacks on Gulf of Aden shipping, the piracy problem is escalating--driving a tenfold increase in vessel insurance rates--one maritime expert observed.
With businesses scrambling to survive as the recession dampens revenues, freezes credit and stalls growth, employee theft may serve as an increasing drag on profitability that risk managers cannot afford to ignore.
Whether or not faulty enterprise risk management systems were responsible for failures in the financial sector is being hotly debated, but most in the risk management profession agree that with some tweaking, ERM is here to stay.
The January agreement for government units in charge of New Orleans levees to pay something to property owners damaged by the flooding from Hurricanes Katrina and Rita is now mired in a coverage dispute.
A bribery scheme orchestrated by a senior investigator with the N.J. Department of Labor & Workforce Development (NJDOL), Division of Wage and Hour Compliance netted almost