Commercial insurance prices have risen for 12 straight quarters, including the latest jump of 5 percent in aggregate during the fourth-quarter of 2013. But price gains are slowing down, says Towers Watson. The global professional services company published the Q4 …
Consumer Protection “Keeping the public well-informed is essential to our mission of consumer protection.” —Connecticut Insurance Commissioner Thomas Leonardi on his department’s recently launched consumer awareness campaign. The campaign seeks to raise awareness of the many resources the department offers …
When meeting with a client and discussing needs and services, you probably talk with your mouth as well as your hands, as most sales professionals are very animated. What is important to know is that your clients will watch what …
Insurance Journal examined industries experiencing changes and expansions in 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 2014. Private Flood Insurance Private …
Insurance Journal‘s review of property/casualty agency and brokerage mergers and acquisitions occurring in 2013 found that Arthur J. Gallagher was the most active agency acquirer – as was the case in 2012. Hub International, which was quiet in 2012, swung …
Technology overload is a common lament among independent agents, who face a growing list of challenges in how to use it effectively. According to leaders on the front lines, however, the number one technology issue is not privacy, security, the …
Personal auto insurance companies increased their rates by an average of 2.5 percent countrywide in 2013, while home insurers increased their rates by an average of 5.1 percent, according to figures compiled from Perr&Knight’s RateWatch. In addition, renters insurance rates …
At press time, President Barack Obama was set to sign into law a bipartisan bill relieving homeowners living in flood-prone neighborhoods from big increases in their insurance bills. The legislation – H.R. 3370, the “Homeowner Flood Insurance Affordability Act of …
Total Agency Performance Growth and profit are two of the most important components of agency performance, but even high growth or high margin businesses can become low-performers without looking at the big picture. For example, if a firm is growing …
A recently released BMO Harris Bank study found that the majority of business owners/executives in Wisconsin plan on investing in their business in 2014. Upgrading or purchasing new equipment, along with adding to their work force were cited as the …
