A little data can go a long way to improve risk selection in catastrophe prone areas For companies writing homeowners insurance in catastrophe prone states, the future of catastrophe risk assessment is now. Today, insurers have the ability to analyze …
Fair market value can be defined as the price that a willing buyer and a willing seller agree on for the price of a business. Naturally, there is a lot of room for negotiation based on the circumstances. However, fair …
Selling Long-term Relationships over Short-term Savings For contractor Paige Smith of Neuse Tile Service Inc. in Youngsville, N.C., the increase in cold calls she is receiving from insurance agents is a sure sign of the industry’s softening market. A couple …
The U.S. property/casualty insurance industry’s net income after taxes rose 7.1 percent to $49.4 billion through nine-months 2007 from $46.1 billion through nine-months 2006. Fueled by the industry’s net income, policyholders’ surplus — insurers’ net worth measured according to Statutory …
Passage of federal terrorism insurance extension buys another seven years for industry to find a long-term solution Many in the insurance industry breathed a cool sigh of relief when just five days before the Terrorism Risk Insurance Act was set …
A small state like Alaska sometimes has trouble convincing the property/casualty insurance industry of creating opportunities in its state. So Alaska Director of Insurance Linda Hall relies on her experiences as a former high school English teacher to school others …
The Idaho Department of Insurance (DOI) has joined forces with the Coalition Against Insurance Fraud, a Washington group that includes insurers, law enforcement officials and consumer groups, in expressing concern over Toyota car company’s recent ad campaign. The campaign shows …
The Travelers Cos. Inc. will pay $6 million to settle investigations in nine states and the District of Columbia regarding how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys general in Florida, Hawaii, Maryland, …
Employers and employees alike should mind their ps and qs this year. As the presidential race heats up, so could discussions around the office water cooler and cubicles. Most of the responsibility for keeping workplace discussions civil falls on the …
Crime rates dropped for the first time in two years, according to a newly released report of the most recent data collected by the Federal Bureau of Investigation. Nationwide, violent crime fell 1.8 percent and property crime fell 2.6 percent …
