Monthly Archives: <span>July 2010</span>

How to Manage the Growing Risks of Social Media

Advertising, Defamation, Privacy and Security Laws All at Issue Asked why he robbed banks, Willie Sutton famously replied: “Because that’s where the money is.” Something similar can be said to explain why companies are paying more attention to social media …

Near National P/C Carriers Identified for 2010

The Demotech Company Classification System Shows 62 Carriers Meet Critieria The original criteria and objective definition for the Near Nationals was established in the Feb. 12, 2007 issue of Insurance Journal. The Demotech Company Classification System categorizes insurers into one …

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. Closure/Post Closure for Landfills Market Detail: Sloan Mason Insurance Services provides closure and post closure …

Rough Road for Trucking in the New Economy

Rising Taxes, Inflation Will Force Insurance Market to a ‘Déjà vu All Over Again’ The insurance industry has a long history for cyclical price adjusting, featuring long periods of marginal to inadequate premiums followed by relatively brief, startling and disruptive …

What Agents Think Makes a Great Insurance Carrier Field Rep

Underwriting Authority, Marketing Assistance and Communication Considered Valuable Traits Independent insurance agents often rate a carrier with great field representatives higher than others – sometimes elevating them to their “Top 3” carriers. While the performance of insurance company field representatives …

USLI Expanding with Retail Agent Distribution; No Longer Exclusively Wholesale

After years of doing business exclusively though wholesale brokers, United States Liability Insurance Group (USLI) is expanding its distribution to work directly with retail insurance agencies. “We are expanding our distribution to include retailers on a selected basis,” Chairman, CEO …

The Competitive Advantage

To Partner or Not? How to Make Partnerships Work and What to Do When They Don’t Do you have a partner you wish you didn’t? Or are you a sole owner and wish you had a partner? I deal with …

Behavioral Economics and Insurance

Making and Keeping Profitable Customer Relationships How much of our decision-making is really up to us? It turns out many decisions might be made before we can even act. When new employees were given a choice to join a 401(k) …

The Ethics of Stealing Business From Competitors

You are on an airplane and you strike up a conversation with the person next to you. She is the decision-maker of a company that buys your competitor’s products. You have such a great exchange that she asks for your …

West Faces High Wildfire Potential

Arizona Wildfire Incurs $1.8 Million in Claims An Arizona wildfire that has burned 15,075 acres and incurred $6.9 million in claims to date might be the first example of the fire risks the Western United States are facing in 2010. …