It’s a common challenge for business professionals: how to communicate effectively and foster a culture of collaboration with colleagues — especially if their colleagues happen to be in offices hundreds of miles away. One common method is sending out mass …
Need for Risk Mitigation Grows Along With Wider Adoption Insurance agencies are in the business of managing risk for clients. But as mobile becomes mainstream, they’re facing new risks of their own. Agencies see mobile use as an essential competitive …
U.S. property/casualty insurers’ net income after taxes jumped to $16.4 billion in first-half 2012 from $4.8 billion in first-half 2011, with insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus climbing to 5.9 percent …
It seems that every year commercial property is one of the top three lines of business generating errors and omissions (E&O) claims against agents. Because most agents insure a fair number of commercial buildings, this is an area in which …
Workers’ Comp Market Detail: California’s State Compensation Insurance Fund (www.scif.com) accepts phone inquiries and submissions, as well as brokered business. There is no minimum premium. State Fund has an alliance with State Fund Medical Provider Network. Available limits: As needed …
Every independent agent wants to know what the next big thing will be to help grow their agency into the future. Well, for some, the future is now and agencies that follow technology’s lead today will be the ones on …
The new U.S. risk council has moved closer to deciding whether Prudential Financial is “systemically important,” a Prudential spokesman said on Friday, a tag that would translate into greater regulatory scrutiny for the second-largest U.S. life insurer. The 2010 Dodd-Frank …
Connecticut employers in the volunteer market pay, on average, the second-highest workers’ compensation premium rates in the country, according to a recent study. Connecticut’s premium rate index, according to the study, is $2.99 per $100 of payroll, or 159 percent …
A state-run health insurance exchange is unlikely to be ready for a scheduled January 2014 rollout, Pennsylvania’s top insurance regulator said Wednesday. Insurance Commissioner Michael Consedine said development of the online exchange — a key element of the federal Affordable …
Alterra Capital Holdings Limited recently appointed Nicholas Conca to the newly created position of chief claims officer, insurance. Conca, based in New York City, will start his new position in November. Conca has more than 20 years of insurance industry …
