Monthly Archives: <span>March 2013</span>

People – West

Indiana Farmers Mutual Insurance Co. named Kimberly O. Smith as CEO-elect. Smith will assume the role of president and CEO on Jan. 1, 2014, upon the retirement of current president and CEO, Daniel E. Stone. Smith, a 32-year insurance industry …

Sophisticated Tools Let Thieves Target Specific Cargo

Though pharmaceuticals and electronics are the most expensive items cargo thieves target, food and beverage cargo is also popular because this product is often not secured as well as bigger ticket items, according to Keith Lewis, vice president of operations …

Number of Companies Buying Cyber Insurance Up by a Third in 2012: Marsh

More companies are turning to cyber insurance to protect their organizations from the financial consequences of a data breach or cyber attack, according to a report issued by Marsh. The number of Marsh US clients purchasing cyber insurance increased 33 …

Farmers Brace for Crop Insurance Cuts

U.S. farm groups are looking for a formula to lower crop subsidy spending dramatically ahead of new congressional demands for cuts in a farm bill now costing $10 billion more than planned. The cuts could be larger than the $30 …

Declarations – West

Good Jobs, Stable Economy “The fact of the matter is that North Dakota is attracting new residents across the entire state for good jobs and a stable economy.” —North Dakota Census Committee Chairman Rod Backman responds to recent U.S. Census …

My New Markets

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 Logging and Lumbering Market Detail: O’Donovan & Associates’ timber harvester program is designed to …

Greenberg’s View

From 1967 until March 2005, Maurice “Hank” Greenberg, now chairman and CEO of Starr Cos., helped build American International Group (AIG) into the world’s largest insurer with a market value of $180 billion, forging relationships, opening markets and inventing products …

Top 10 Hot New Markets

Insurance Journal examined industries experiencing changes and expansions during the past year. Here are the top 10 market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty insurance industry in 2013. 1. Construction Several market …

Insurer Strategies for Managing Extreme Weather Risk

Common strategies for risk management include catastrophe modeling, reinsurance, higher deductibles or broader exclusions in risk-prone areas, particularly coastal zones, and a tight control of aggregate exposure, including rebalancing property with other lines of business, according to the Ceres report …

7 Basic Marketing Approaches for Independent Agents

It’s impossible to market anything successfully without communicating well. There are multiple ways, online and off, to manage this vital activity. Below are overviews of seven marketing methodologies. Social media.Networking is about communication and sharing. And as your mother taught …