A Crop of Newly-Formed Agencies Is Defying the Hard Economy and Soft Market The independent insurance agency system is enjoying a resurgence. For years, the number of agencies in the country had been declining but that trend, while not reversed, …
But Selling More Policies in These Communities at Subsidized Premiums Could Sink Federal Program There are a number of communities across the country where more flood insurance policies should be sold given their populations and flood risk. They include dozens …
In this hard economy coupled with the soft market, most agencies expect sales and revenues to go down. Even the best performers feel the downward trend in premiums. According to Juan Andrade, executive vice-president for sales and distribution at The …
Indiana lawmakers are considering a bill that would provide qualified immunity to teachers who act reasonably and in good faith to maintain classroom order. Supporters say the legislation would allow a judge to reject frivolous lawsuits against teachers at the …
Former Iowa Insurance Commissioner Therese M. Vaughan, Ph.D., has been named chief executive officer of the National Association of Insurance Commissioners (NAIC), effective Feb. 18, 2009. Vaughan replaces Catherine J. Weatherford, who left the NAIC in July 2008. Andrew Beal, …
Volunteers preparing to respond to disasters in Nebraska have the same immunity from liability as those in paid positions. That’s the legal opinion of Attorney General Jon Bruning’s office in response to questions from Lt. Gov. Rick Sheehy. The opinion …
The Wisconsin Supreme Court has ruled in favor of an insurance company that argued that the underinsured motorists endorsement to a farmer’s business auto policy applies to an injured family member only if he was in a covered vehicle. Jonathan …
1 in 502,544 The odds of dying in an aircraft accident, according to the Insurance Information Institute in materials sent to journalists reporting on the US Airways Airbus emergency landing in the Hudson River and the successful rescue of passengers. …
Liberty Mutual, Wausau Liberty Mutual Group, which sells insurance both direct and through independent agents, is discontinuing direct distribution to mid-sized businesses and now plans to distribute its commercial property/casualty insurance products in the middle market exclusively through independent agents …
Middle Strategy “This truly is a strategic move not a financial move. The data [on independent agents’ market share] is pretty compelling… For years, agents and brokers have sought to place their middle market clients with Liberty Mutual but couldn’t …
