Mike Gerik, executive vice president of Texas Farm Bureau Insurance Cos., has been elected president of the Association of Fire and Casualty Companies in Texas (AFACT). Gerik, whose term as AFACT president runs for two years, also chairs the board …
It has been more than eight years since Hurricane Katrina made landfall on Aug. 29, 2005, and only slightly more than one year since Hurricane Sandy made landfall on or about Oct. 29, 2012. Following Hurricane Katrina, courts in Louisiana …
More than a foot of rain inundated parts of Central Texas beginning late on Oct. 30. In the aftermath of widespread flooding, insurance agents in Austin say interest in flood insurance coverage has risen dramatically, according to the Insurance Council …
Little Good “Looking into earthquake insurance after your home or business has sustained damage resulting from an earthquake will do little good to help you recover.” —Oklahoma Insurance Commissioner John D. Doak encouraged Oklahomans to purchase earthquake insurance after a …
R-T Specialty, Westrope Chicago-based national wholesale insurance broker R-T Specialty said it has agreed to merge with another wholesale broker Westrope, based in Kansas City, Mo. Terms of the transaction were not disclosed. Westrope has a national presence with concentrations …
Sales leads arrive at today’s property/casualty agencies from a variety of digital and traditional sources. The former includes social media, websites, blogs, emails, etc. The latter features direct mail, telemarketing, print advertising and more. Leads also arrive from client and …
A multitude of forces are causing many carriers to think of ways to disintermediate agencies. Healthcare reform is one. Some benefits carriers have cut commissions to 0 percent and agents are still writing with them. This fact must have caught …
Milk …check; eggs … check; bread … check; car insurance …what? Most grocery lists don’t typically read this way, but Nashville, Tenn.-based Direct Auto Insurance Co. is now offering another way to purchase personal auto insurance that could change the …
Those that specialize in the contractors and builders segment say a lot has changed in this class since 2007. The recession forced the insurance industry to be flexible and creative when it came to insuring this class, just as it …
A survey of North American insurance professionals reveals widespread use of predictive analytics in the property/casualty insurance industry, with as many as 82 percent responding that they use predictive modeling in one or more lines. Earnix, a provider of pricing …
