The U.S. property/casualty (P/C) industry reported its largest underwriting loss since 2006 and saw its operating performance deteriorate sharply in 2011, as catastrophe-related losses throughout the year wreaked havoc. Insurers were affected by an unprecedented number of natural catastrophes in …
When it comes to producer compensation, there really is no norm. Rather, the norm is that producer compensation varies tremendously depending on demographics, geography, laws, experience, competition, the economy and age – and whatever agency owners think works best. Some …
Bringing Market Seekers and Market Providers Together Find markets in our database Promote your markets on our site Join our community forums Membership is free! www.MyNewMarkets.com Security Guard Firms Market Detail: The Mechanic Group Inc. offers E&O, commercial excess, CGL, …
The marina insurance market seems to be heading for some changes, thanks to the stormy losses of 2011. While the hard/soft market cycle has been a fact of life for the insurance industry almost since its inception, it is beginning …
What to Know About Hobby Farm Insurance The Green family owns a small farm. It’s not their primary source of income, but it is a lifestyle choice, and their hobby farm is just that – a hobby. The Green family …
Be creative with compensation and perquisites. Remember, most people are not motivated by additional money. Respect, recognition, challenge and non-monetary benefits mean more to most people than a few dollars for a new sale. Some other basic rules to consider …
Agencies Report Salaries and Compensation on the Rise, Slightly It looks like the freeze may be over. For the first time since 2008, independent agency salaries rose in 2011, albeit only slightly. According to Insurance Journal‘s annual Agency Salary Survey, …
The state of the labor market is changing. Unemployment rates are dropping and companies are opening up hiring budgets. Organizations that believe employees are lucky to simply have a job in this economy are headed for trouble. The job market …
Colorado Gov. John Hickenlooper and Pinnacol Assurance, the state-chartered workers’ compensation fund, made the right decision earlier this month in deferring further consideration of plans to restructure Pinnacol. There remains considerable misunderstanding about the future of Pinnacol, the state’s government-sponsored …
I have been analyzing agencies for a long time, and I believe it is extremely safe to say that no two agencies are the same. At least I have never found two agencies to be the same. This is the …
