Transportation insurance and, more specifically, motor truck cargo insurance are not fields where an agent should dabble without some expertise. The specific nuances in this class of insurance lead to extensive errors and omissions exposures for agents if they are …
The FBI reports that 9 out of 10 organizations in the country are victims of some sort of computer security incident, and one-fifth are hit more than 20 times a year. Almost two-thirds suffer financial loss as a result of …
The Federal Bureau of Investigation conservatively estimates that cargo theft costs about $18 billion a year, while the General Accounting Office pegs the number between $20 billion and $60 billion a year. This figure includes the cost of filing, investigating, …
It seems that every risk today has a big exposure, regardless of size or industry type. Some popular litigation targets include product liability, personal injury claims, false advertising and, most frequently, commercial auto. Consumer products, contractors and businesses with large …
The Congressional Budget Office is projecting a government cost of $1.5 billion through the next 10 years under the legislation extending the Terrorism Risk Insurance Act of 2005 (S. 467). However, despite weighing averages reflecting the probabilities of various outcomes, …
Is the valuation revolution coming to farm insurance? For several years now, residential and commercial property insurance specialists have been employing new automated systems to refine their calculations of the value of insured structures. The old process of calculating replacement …
The extension of the federal Terrorism Risk Insurance Act represents solvency protection in extreme events but is not an industry subsidy, according to risk modeling experts at Risk Management Solutions and AIR Worldwide Corp. While it is impossible to predict …
Ultimately “all the King’s horses and all the King’s men” couldn’t put Kinnect together again. The King’s men in this case being the management of Lloyd’s, who have finally thrown in the towel on the London market’s highly touted information …
Last year was not a big year for raises in independent insurance agencies as salaries in many agencies across the county stayed right where they were in 2004. Producer commission rates stayed the same also. More than 1,000 insurance agency …
Today there is constant attention by those asking agency owners to think about selling or merging with them, so the owner can pursue his or her hopes, dreams and yes … retirement. We know because our clients keep telling us …
