Stock Prices: Overall, brokers’ stocks have performed well year-to-date, up 8 percent. A strong contributor to the stock price increase is the merger and acquisition premium related to the high prices private equity firms recently paid for Hub International Ltd. …
Longtime Kansas independent agent Jack Cassell had never dreamed of going into business for himself, but all that changed nine years ago. That’s when insurance agency franchisor Brooke Franchise Corp. entered the picture for Cassell. Through different Brooke operations, Cassell …
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 …
Workers’ compensation CEO says the time’s right for a new selling strategy Everybody needs workers’ compensation coverage and to some that translates to a commoditization of the product line. But to be successful at selling workers’ comp, producers have to …
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 who are charged more because of their credit …
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, reports the private insurance industry’s Insurance Information Institute …
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 the acceptance of contingent compensation by any agent …
Demotech-Insurance Journal co-sponsored event to be held Aug. 22-23 in Orlando 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. …
Skyrocketing medical costs are threatening to supersede gains in the workers’ compensation line’s latest calendar year statistics, according to an insider at NCCI Holdings Inc. “Rising medical costs are an overriding theme — they continue to increase at a rate …
Take out California’s numbers and the national picture appears even brighter — almost 10 points better The workers’ compensation calendar year combined ratio stands at 96.5 percent — the best underwriting result in at least 30 years and the first …
