March 9, 2015
Bad Geometry “Our current station geometry does not serve eastern Washington well.” —John Vidale, director of the Pacific Northwest Seismic Network at the University of Washington, said following a magnitude-4.3 earthquake that rumbled under Washington’s Cascade Range that a new …
March 9, 2015
The median index rate for workers’ compensation insurance fell to an all-time low in 2014 to $1.85 per $100 of payroll. Index rates in 2014 varied from a low of $0.88 in North Dakota to a high of $3.48 in …
March 9, 2015
By 2020, the entire insurance industry will have 400,000 positions to fill. About 120 academic programs exist worldwide offering courses, concentrations and majors in risk management and insurance. About 80 are located in the US. All of these programs need …
March 9, 2015
The nonstandard auto market is characterized by substandard operating performance. Since 2007, carriers writing nonstandard auto policies have reported deteriorating operating performance and many are struggling to maintain market share. But that hasn’t stopped interest in this large – and …
March 9, 2015
On occasion I find myself in a position having to explain insurance language to non-insurance people, particularly attorneys and CPAs. Their responses range from vacant stares to confusion. For example, think about explaining the term “broker” to a non-insurance person …
March 9, 2015
Integro, E&O Pros Integro Ltd. has acquired E&O Professional Risk Management and Insurance Services Inc. of Mission Viejo, Calif. Terms of the deal were not disclosed. E&O Pros founder and CEO Sheri Pontolillo will lead the E&O Pros group within …
March 9, 2015
About two-thirds of insurance carriers expect to hire more employees this year, a new survey finds. According to the semi-annual U.S. Insurance Labor Outlook Study conducted by The Jacobson Group and Ward Group, 66 percent of all insurance companies intend …
March 9, 2015
Revenue per employee has historically been the measuring stick for staffing and employee efficiency within independent insurance agencies. The industry average revenue per employee continues to show improvement. But, before you get done patting yourself on the back for improving …
March 9, 2015
That Google is getting into auto insurance should have the voice in the head of every agent who sells personal auto coverage saying: “Be afraid, be very afraid.” OK, that’s not exactly how W.R. Berkley Corp. CEO William R. Berkley …
March 9, 2015
The main north-south artery in North Dakota’s oil patch is the most dangerous stretch of road in the state, newly released statistics show. U.S. Highway 85 had the most fatal accidents, injury accidents and property damage accidents, according to a …