Never Take a New Insured’s Business for Granted Client retention is a bellwether of a professional firm’s success. It indicates whether buyers value what the seller offers or if they simply buy once or twice for reasons of expediency. In …
Insurance agents can be sued by their clients for breach of contract or negligence when they fail to procure appropriate insurance coverage. Generally, an insurance agent or broker who undertakes to procure insurance for a client owes an obligation to …
Of course, an industry or company might be fast-growing but what’s really important is if it is profitable. According to Sageworks, as expected, industries relating to construction suffered the most in 2010. The most profitable were accountants, lawyers, and healthcare …
The Nuclear Regulatory Commission will conduct a “comprehensive review” of the safety of all U.S. nuclear plants following what U.S. officials are calling the dangerous and complicated situation at Japan’s damaged Fukushima Dai-ichi reactors. President Barack Obama took the rare …
What are the hot industries to target in the post-recession 2011? Many people automatically cite technology, healthcare and energy as leaders. Those might be the no-brainers when it comes to forecasting hot industries. But categories that broad do not help …
I recently went on my own ride to Michigan for the Michigan YIP’s Winter Get-Away! I was invited to teach a class on Generational Differences and the turnout and response from the class was tremendous – it was a great …
Standard & Poor’s Ratings Services has stated that the ratings on “Berkshire Hathaway Inc. (BRK; AA+/Stable/A-1+) and its insurance subsidiaries are unaffected by BRK’s announcement that it has agreed to acquire specialty chemical manufacturer Lubrizol Corp. in a cash transaction,” …
A.M. Best Co. has affirmed the financial strength ratings of ‘B++’ (Good) and issuer credit ratings of “bbb” of National General Insurance Corporation (NAGICO) N.V. (NAGICO) (St. Maarten) and Nagico Insurance Company Limited (NICL) (Anguilla). The outlook for all ratings …
Standard & Poor’s Tokyo office has issued a comment noting that by some estimates the total damages from the March 11 Japanese earthquake and the fires and tsunami that followed “could hit at least $100 billion, with $35 billion in …
The International unit of global insurance broker Willis Group Holdings announced that it is aligning its Asia Pacific business with its Middle East and Africa operations under the leadership of Roger Wilkinson as Chairman and CEO, effective immediately. Wilkinson, who …
