State insurance fraud fighting bureaus are seeing a significant spike in fraud cases while trying to manage with lower budgets and staffing in the down economy of 2009. Cases increased in all 15 types of fraud schemes, state agencies said …
Agencies Contemplating Selling Soon Should Understand Their Opportunity Costs First Capital gain tax rates will increase when the current legislation sunsets at the end of 2010. The best case scenario is the current 15 percent rate reverting to 20 percent, …
The recent recession and record unemployment rates have increased pressure on the workers’ compensation insurance system to help return injured employees back to work while effectively managing costs. That was one of the messages shared by presenters at the Workers …
Carriers Say Benefits in Producer Sales Education Well Worth the Investment For years, many insurance companies prided themselves on running successful producer training programs for the independent agents who represented them. Over time, some of these programs have fallen victim …
Total property/casualty insurance agency compensation is expected to decrease slightly in 2010, largely due to contingent commission changes. Four out of 10 insurance companies plan to modify their agent compensation plans in 2010 by hiking premium volume requirements, increasing stop …
But Skeptics Question Timing for Revival of U.S. Insurance Exchange A recently announced plan by New York’s governor to boost his state’s financial services industry by recreating the New York Insurance Exchange has drawn the attention of insurance industry executives …
Little Property Coverage “Haiti is the poorest country in the Western Hemisphere and poor countries tend to purchase very little property insurance coverage. The fact that there is very little information about Haiti’s private insurance market suggests that the market …
In October 2008, my colleague and friend, Christopher J. Boggs, associate editor of MyNewMarkets.com and frequent contributor to Insurance Journal, wrote: “The beginning of mandated insurance continuing education (CE) was the end of the true insurance professional. To be considered …
20% Percentage of Oregonians who have earthquake insurance, according to a state Department of Consumer and Business Services survey. Jan. 26 marks the 310th anniversary of the last, great Cascadia Subduction Zone earthquake. This magnitude 9.0 earthquake was centered about …
The Market Is Huge, but Some Independents Say It’s Difficult In business, change brings opportunity. And when it comes to the rapid wave of states that have recently legalized gay marriage, some see a marketing opportunity in selling insurance products …
