Monthly Archives: <span>July 2009</span>

Beware of Symbol 7 Only Auto

Agents Need to Cover Their Exposures by Offering Hired Non-Owned Auto Coverage Risk managers, insurance agents and brokers have always known that a Symbol 7 on auto liability policies is not very desirable. This symbol essentially means that only the …

Safe and Sound

Making the Connection for Contractors Contractors with a sharp eye for their bottom line are smart to place a premium on safety. Insurance agents and brokers tend to know a construction business that avoids injuries is not only applying safe …

The Worst Ways to Manage Producers

Top Mistakes People Make When Managing Sales Producers One of the most difficult things agency owners deal with is motivating, training and keeping good producers to help the agency grow. In our experience working with hundreds of agencies and sales …

Cyber Security: Global Risk and Rising Complexity

Multinationals are fighting a battle on two fronts when it comes to cyber security as they seek to fend off new, emerging security threats and also comply with evolving global regulations. These emerging security threats include the risk of attacks …

Turmoil Breeds Opportunity

A Golden Moment for the Insurance Industry In a time of financial turmoil, we in the insurance industry have an unprecedented opportunity. As capital providers and risk advisers in a time of scarce capital and huge risk, we should seize …

Jackson’s Death and Event Cancellation; Max Cap Rejected; Still Searching Air France Crash Cause; Den Dekker is New FERM

Michael Jackson’s untimely death, barely two weeks before he was to begin a long awaited series of 50 concerts stretching over eight months, has been the world’s top story. It’s also a story in London, where rumors, announcements, speculation and …

P/C Industry Posts $1.3B Loss in Q1; Combined Ratio Up to 102.2

The property/casualty insurance industry suffered a $1.3 billion net loss after taxes for first-quarter 2009, which constitutes a $9.8 billion adverse swing from the industry’s $8.5 billion in net income after taxes in first-quarter 2008. And reflecting the swing to …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Fire & Water Restoration Contractors Market Detail: USAssure Insurance Services Inc. offers a fire and …

2009 Near National P/C Insurers

2009 Near National P/C Insurers Company Name 2009 Demotech Company Classification 2008 Demotech Company Classification 2007 Demotech Company Classification Affiliated FM Insurance Co. Near National Near National Near National AIG Casualty Co. Near National Near National Super Regional American Alternative …

How Independent Agents View Super Regional Carriers

Survey Says Claims Service Continues to Top List of Agency Demands Quality claims service continues to be the top factor in how independent agents evaluate their carriers, although insurers’ financial strength ratings are now a much bigger concern for agents …