How to Fit the Right Pieces Together for an Association or Unit Owners’ Coverage Picture Piecing condominium association and unit-owner insurance programs together necessitate determination and complete information. A lot of pieces must be snapped together to assure a complete …
Brokerage M&As Expected to Continue for the Near Term; Time’s Almost Up for Congress to Pass Reform Bill Surplus lines insurers continued to outperform the property/casualty industry in underwriting and operating performance in 2007 despite the softening market and more …
Lots of companies claim to have a great working environment, but when a company backs up its claim with awards, who can deny it? Insurance Journal Top 100 Agency Profile The IMA Financial Group Inc. RANKING: No. 12 Headquarters: Denver, …
Stock Prices: The brokerage sector as a whole is up 2 percent for the year. Arthur J. Gallagher’s (NYSE:AJG) stock has faired well compared to peer Brown & Brown (NYSE:BRO). Gallagher’s stock is up 6.5 percent year-to-date while Brown & …
With the Soft Market Here Again, the E&S Market Must Get Back to Its Roots as the Product Innovator Over my 30-year career, the insurance industry has weathered three hard market and soft market shifts. Yet amazingly, many professionals in …
The number of workers killed on the job annually dropped to an historic low in 2007, the Bureau of Labor Statistics announced last month. The number of worker deaths dropped to 5,488 last year — the fewest since the Bureau …
The U.S. insurance industry’s exposure to securities issued by Fannie Mae and Freddie Mac, two government-sponsored enterprises (GSEs), is substantial for a handful of companies. Nevertheless, A.M. Best Co. does not foresee substantial write-downs, as much of the industry’s exposure …
Workers’ compensation direct premiums written (DPW) for calendar year 2007 exceeded $46 billion. This represented a slight decline from year-end 2006’s $47.2 billion. However, using 2003 as a reference point, DPW was $37.6 billion. The 2007 DPW represents an increase …
Chubb: Understand Local Culture and Rely on Local Staff When Abroad Chubb Insurance, founded in 1882 in New York, today sells in 28 countries and has about 120 offices throughout North America, Europe, South America and the Pacific Rim, serving …
The Modernization of Lloyd’s and the London Market Any institution — and there aren’t many — that survives and thrives for 320 years must find ways to adapt to changing conditions. Lloyd’s of London’s transformation offers some insights as to …
