The stubbornly soft insurance market, coupled with the deepening economic recession, has agents and brokers scrambling to find ways to streamline operations, give clients more face time and focus on
A dearth of catastrophic storms over the past three years--with one or two exceptions--has left the insurance industry with unused underwriting capacity, excess capital and falling premium rates. The
As the sun sets on 2008--a tumultuous year for the U.S. economy--uncertainty permeates all industries, including insurance distribution. While no one can exactly predict the future, these are some of
The National Association of Professional Insurance Agents said it is seeking nominations for three national awards that will honor agents and service representatives who exhibit distinction in their f
Burns & Wilcox has promoted Laura Colbert to director of sales and marketing and Chandra Kwaske to underwriting manager at its Farmington Hills, Mich., office. Colbert, with 15 years of insurance industry experience, is responsible for developing
MarketScout, in its monthly Market Barometer, reported the average rate reduction for the 14 lines it tracks was 9 percent. Workers' compensation, directors and officers liability, and surety were at
Risk managers, both public and private, need to be aware of a ticking time bomb in their midst. For years now we have read headlines of plaintiffs receiving multimillion-dollar settlements against
Organizations that have successfully embedded enterprise risk management programs are seeing benefits, including higher credit ratings, according to a study by the Risk and Insurance Management
Aon's move follows the Nov. 20 announcement of the Benfield Corporate Risk brokerage, after the capture of a Saudi Arabian oil tanker by Somali pirates, that it had produced a dedicated and exclusive
Maiden Lane III (MLIII), a financing entity created by the Federal Reserve Bank of New York, it was explained was designed to purchase Multi-Sector credit debt obligation (CDO) exposure on which Ameri