A hurricane that hit Miami in 1926 would cause up to $157 billion in damage if it were to strike today, according to a recent study. U.S. storm costs are rising because of higher populations and wealth on the coasts, …
Stock Prices: Brokerage stocks mimicked the overall uneasiness of the stock market during January. Hilb Rogal & Hobbs (NYSE:HRH) traded down 11.2 percent while Arthur J. Gallagher traded up 5 percent. Overall the sector was down 8 percent year-to-date. M&A …
Boats are not just luxury items for the rich, but they are also items that families with less than extravagant incomes can enjoy together away from the distractions of everyday life. Whether the boat owner is wealthy, or a middle …
A brokerage firm and its brokers all benefit when everyone plays for the same team Commissions have a long history as the incentive of choice for insurance brokerage firms. They create a clear link between revenue and compensation. They also …
No. 4 on IJ’s Top 100, Keystone Insurers Group’s cooperative approach now thrives in five states Top 100 Agency Profile RANKING: No. 4 Keystone Insurers Group Headquarters: Northumberland, Pa. Year Founded: 1983 Additional Locations: 204 locations 2006 Premium Volume: Total: …
Quarterly profits at Marsh & McLennan dropped 62 percent, as fourth quarter and annual revenues rose 8 percent. The giant insurance brokerage reported that fourth quarter net income dropped to $85 million, or 16 cents per share, from $226 million, …
Like it or not, personal automobile insurance, along with personal computers, has evolved into a commodity product. According to Wikipedia, a commodity is defined as “a largely homogeneous product, traded solely on the basis of price.” As such, many insurance …
What lies inside a customer’s file makes the difference in insurable risks There are always hidden issues that can blow up in any industry. The marina industry is no different. Many marinas are tenants of port districts, counties, cities, state …
1. When should an insured consider a commercial auto policy over a personal auto policy that is rated for business use? Generally speaking, when the vehicle is: Used for business and owned by a corporation or partnership; Driven by employees; …
Keeping up with rapid developments is a challenge for professional liability experts If anything is certain in the world of technology, it’s that it is always changing — rapidly. Electronic and Internet communication devices that were unheard of 10 years …
