Farmers are reaping higher yields and ranchers’ feed costs have fallen sharply since flooding swept across the southern U.S. Plains in May, with the record rains providing tangible benefits to agriculture despite causing damage that will likely cost billions of …
Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2014, more than $570 billion of DPW was reported, a record-high for the industry. For 2014, total DPW for all P/C insurers aggregately increased 4.5 …
Typically, there’s not much warning when a disaster strikes. No one knows the “when,” “where” and “how severe” of the next big weather event. Yet catastrophes include more than just what Mother Nature dishes out, such as tragedies like the …
Patriot National, Brandywine Fort Lauderdale, Fla.-based Patriot National Inc. has acquired Brandywine Insurance Advisors, a specialty insurance brokerage focusing on the construction industry. Patriot National said the total purchase price, assuming all earn-out criteria are met, would be $4.2 million. …
The Supreme Court opinion upholding current tax subsidies under the Affordable Care Act (ACA) will not have any impact on rated U.S. not-for-profit and for-profit health insurance firms because it continues the current operating environment, according to a rating agency. …
Going digital for any agency may seem overwhelming, however experts point to strategies that help set priorities, ease the transition and simplify the process. “One of the biggest hurdles for agents is simply knowing where to start,” said Ron Berg, …
Montana Microcosm “What we are seeing in Montana is a reflection of what is happening around the world. Temperatures are increasing.” —Montana State University researcher Fabian Menalled said widespread infestation of wheat crops by pests in 2014 could be linked …
Studying how the National Flood Insurance Program (NFIP) became more than $23 billion in debt reveals some interesting dynamics about U.S. flood risk. Of the top 15 loss events, 14 are related to tropical cyclones. The top three loss events …
Predicting the impact of a catastrophic event on an organization’s future income or profit is an exhaustive risk management exercise when done correctly. Typically chief financial officers, risk managers and intermediaries have sought to determine potential lost income with worksheets …
Following the historic Supreme Court decision that same-sex couples have a national right to marry, employers offering domestic partner benefits to unmarried couples may pull back on that offering now that employees in all states can marry. The 77 percent …
