A Pennsylvania state appeals court ruled on Jan. 8 that a western Pennsylvania woman who was paid to help care for her disabled adult son in her home deserves workers’ compensation after he tried to kill her by slashing her …
St. John’s University’s School of Risk Management (SRM) held its 19th annual “Insurance Leader of the Year” award dinner on Jan. 15 before a crowd of more than 1,400 in New York City. Robert H. Benmosche, president and CEO of …
Fishing Expedition Prevention “This will preclude an insurer from going on a fishing expedition, just as they can’t go on a fishing expedition to find out how many chainsaws you own or sharp knives [you have] in your kitchen.” —Florida …
A survey conducted at the Insurance Information Institute’s Property/Casualty Insurance Joint Industry Forum in New York this month asked industry leaders for their outlook on 12 topics – ranging from the Terrorism Risk Insurance Act and the Biggert-Waters Act of …
Last year was quite a year for Berkshire Hathaway Specialty Insurance (BHSI) – or half of a year, anyway. Since opening its doors for business in June 2013 with much fanfare, the new venture has gone from four to nearly …
The conventional definition of an independent agent is an entrepreneur who owns his or her book of business and offers multiple carriers to service their clients. That is the simplified version, and it falls short of fleshing out how agencies …
Direct premium written (DPW) for property/casualty insurance companies continues to increase. At year-end 2012, more than $523 billion of DPW was reported, an all time high for the industry. For 2012, total DPW for all P/C insurers aggregately increased 4.4 …
In order to be a step ahead of the competition it is best to be proactive. One can do this by understanding and exploiting current and future trends. It is easy to predict trends by understanding recurring cycles and applying …
For decades the experts have been betting against independent insurance agents, yet they keep winning. Why? The consultants, finance guys, and others who populate the skyscrapers on Wall Street discount the power of the local trusted insurance agent who does …
Inexperienced P/C producers frequently feel that they are working alone, lost in a sea of expectations. Their response, especially if they are young, is often to redouble their online activity. But today’s impersonal methods of contact are both a blessing …
