June 1, 2015
Every reader likely already knows interest rates are rock bottom. Some are even nominally negative and the prime rate has not changed in six years. That is a record! Exposure growth overall is normal, neither strong nor poor overall. Although …
June 1, 2015
Whether addressing a complex securities claim, a parallel government investigation or a lawsuit related to a cyberattack or merger, directors and officers continue to face complex challenges in today’s environment. Still, many executive boardrooms do not plan ahead when it …
June 1, 2015
1.Financial institutions are increasingly being scrutinized by regulators, both federal and state, about their safeguards to protect sensitive customer information. These regulatory inquiries are not only focused on the banks’ internal data protection protocols and procedures but also extend to …
June 1, 2015
There are a few star performers in sales. The other 99 percent fall on a continuum from very good to poor. While this isn’t news to anyone, the common approach is to hold up the 1 percent as models for …
June 1, 2015
The workers’ compensation industry had a pretty good 2014 in which its combined ratio improved for the third consecutive year, premium grew for the fourth consecutive year, and claim frequency declined about two percent. But the results in 2014 were …
June 1, 2015
Listen Safely “The whole thing just got so lost, you know. So the audience, honestly, most of the time when I’m talking, they’re just talking to each other and they don’t listen.” —A bus driver told National Transportation Safety Board …
June 1, 2015
My New Markets is brought to you by Insurance Journal’s sister website: www.mynewmarkets.com Need a Market? Find it. FAST. Investigators Market Detail: The Mechanic Group Inc. coverage includes: E&O, commercial excess, CGL, workers’ comp, D&O, umbrella, liability, contractors license bonds, …
June 1, 2015
Max, Bella and their canine comrades cause more than one-third of all home insurance claims, adding $530 million a year to insurance costs. And while the number of claims is down, the cost of the average claim from dog bites …
June 1, 2015
Confie Seguros Confie Seguros, based in Huntington Beach, Calif., has acquired three new insurance brokerages in Buffalo, N.Y. Terms of the transactions were not disclosed. Confie acquired three agencies all providing auto insurance – Able Insurance Agency; Linda’s Able Insurance; …
June 1, 2015
The use of drones could become common practice for almost 40 percent of businesses in fewer than five years, according to corporate risk managers. Those same risk managers say they will buy drone insurance even if it’s not mandated. Munich …