How Insurance Companies Can Live to Be 100 and Beyond Companies that seek longevity in the insurance industry should not focus solely on increasing profits. That’s the assessment of Robert P. Hartwig, president and economist for the Insurance Information Institute. …
1. Injury Responsibility A landlord is held responsible for an injury on the rented premises if it can be shown that the landlord or his agent was somehow negligent in maintaining the property, and that the negligence in doing so …
Company Progressing on Mass Market Strategy Fireman’s Fund’s financials, like other insurance carriers’, got bruised a little in the first half of 2010, following some heavy catastrophe losses. But company President and CEO Mike LaRocco said he’s “very bullish” about …
Death by Suicide “Historically failure to adequately reserve and price is the No. 1 killer of insurance companies.” —Robert Hartwig, president and economist for the Insurance Information Institute, noting that underpricing/under-reserving is the leading cause of death, contributing to about …
Commercial roofing, already complicated, is getting more so as new types and materials are being introduced, according to a leading engineer who specializes in assessing roof losses for insurers. Kenneth R. Gilvary, a senior engineer with Dallas-based Haag Engineering, said …
Colorado Raising Workers’ Comp Insurance Loss Costs 3.4% Most Colorado employers will be looking at an average 3.4 percent increase in workers’ compensation insurance loss costs, increasing the overall premiums they pay for workers’ compensation insurance in 2011, the state …
Juan Andrade stepped down as Commercial Markets president at The Hartford to join Ace as president of the insurers’ Global Personal Lines and Small Commercial Insurance division. He will assume the new position with Ace in December. Andrade joined The …
Montana has the highest workers’ compensation premium rates in the nation, at $3.33 per $100 of payroll, followed next by Alaska, which has a rate of $3.10 per $100 of payroll, according to a new study. In the “2010 Workers’ …
Broad Coverage Is Available at a Relatively Low Cost Most public companies don’t need to be persuaded that their company needs directors and officers insurance. However, the view among some private company managers is different. These officials, particularly those at …
There are several steps agents can take to reduce their general E&O exposure: Sally: “By far, the most common claim is simply an allegation of failure to place coverage. The most reliable way to prevent these is written documentation that …
