No Warren Buffett “The heart and soul of what insurance companies should be is underwriting companies. I mean, I tell people there’s only one Warren Buffett, and I’m not him.” —Fred Eppinger, CEO of Worcester, Mass.-based The Hanover Insurance Group, …
Happy New Year. It’s time to rewind, re-evaluate how you did in 2009, and make resolutions for 2010. I’m not big on making resolutions I know I won’t keep — like sticking to an overly ambitious exercise regime. But the …
Global insurance broker and risk advisor Marsh appointed Philip Gawthorpe as Multinational Client Service Practice leader for the Midwest Zone. Gawthorpe, who has more than 30 years of insurance industry experience, will be based in Marsh’s Chicago office and report …
8.1% After reviewing statewide data for insurance claims paid by employers for injured workers in 2009, the Missouri Department of Insurance is recommending an overall 8.1 percent decrease in workers’ compensation loss costs for 2010. The department’s recommended decrease is …
Insurance Agency Marketing Requires Careful Planning and Constant Implementation A revolution is underway that is having dramatic effects on insurance agencies, and the entire world. In the simplest terms, no one wants to do anything they don’t want to do. …
Twenty-four people, including 17 New York residents, six from New Jersey and one Pennsylvania resident, have been charged with insurance fraud and other related offenses after falsely claiming to be Pennsylvania residents in order to obtain substantially lower rates on …
Owners of small businesses – like many insurance agencies – spend more of their time working on today’s issues than tomorrow’s potential. It’s an approach that may keep the doors open for now, but what about when they’re ready to …
The deregulation of the Massachusetts auto insurance market has driven up prices, boosted insurer profits, reduced consumer protections and generally created confusion in the marketplace, according to a new report by the state’s attorney general. The report comes roughly two …
Recent headlines underscore the importance of agents having written security plans to protect the privacy of their clients’ personal information. Not only could a breach of clients’ personal information devastate an agency’s reputation; it is likely to result in the …
Fairleigh Dickinson University does not have to pay a $260,000 award to the family of a student who died after drinking heavily and falling from a dorm window four years ago, an appeals court has ruled. Keith Orzech, a 21-year-old …
