Workers’ compensation direct premiums written for calendar year 2006 exceeded $47 billion. At year-end 2002, it was nearly $34 billion. This represents an increase of 40 percent. However, over the same period, the Top 25 carriers increased their direct premiums …
Searching for a quality workers’ compensation market? Look no further than Insurance Journal’s 2007 Workers’ Comp Directory, a comprehensive listing of intermediaries and carriers offering workers’ compensation coverage throughout the country. The information listed in this directory serves as a …
Property insurers in Florida are facing a crisis as they try to deal with the impact of drastic changes imposed on them with the recent enactment of HB 1A. How to respond to and manage those mandates will be the …
The workers’ compensation calendar year combined ratio stands at 96.5 percent — the best underwriting result in at least 30 years and the first underwriting profit for the line since 1995, according to the industry’s NCCI Holdings Inc. in its …
More independent agents are seeking outside help to access markets and arrange other business services, according to a newly-released survey presented by the Independent Insurance Agents & Brokers of America (IIABA). IIABA’s report, titled the “2006 Agency Universe” study, claims …
Fast-growing, state-run property insurers pose risk for taxpayers Exponential growth of state-run property insurers of last resort ultimately may shift much of the long-term risk of hurricane-related losses to policyholders and taxpayers, even those who live nowhere near the coast, …
Court sides with insurers on credit reporting case The Supreme Court has sided with two insurance companies in a case involving alleged violations of the Fair Credit Reporting Act. The law requires insurance companies and other businesses to notify customers …
There is more to working with producers than just paying and praying. It also takes continuous in-office supervision. Some agencies are fortunate enough to have the time and talent to coach their sales staffs. Regretfully, most shops can’t afford dedicated …
Risk managers take strong stand against contingent commissions RIMS issues new policy statement denouncing such incentive pay for all agents and brokers, whether Wall Street or Main Street The largest association of commercial insurance buyers has stepped-up its opposition to …
Today’s demands on independent agents are plentiful: competition, risk management, compensation disclosure, quality markets and carrier’s demands for premium quotas, to name a few. Such demands could be one reason some agencies today have increased their use of market access …
