The condominium association owns and insures the outside structure of the condominium building. The condominium master policy agreement (bylaws) stipulates what part of the structure is owned and insured by the association and what part makes up the individual’s unit …
Property/casualty insurers’ catastrophe losses in North America for the first-half of this year were down 36 percent to $8.1 billion from 2014’s total of $12.6 billion, making it the lightest catastrophe first half since 2010. The $8.1 billion in first-half …
A Moving Target “It seems to be a moving target. I think the important part of this is (the settlement has been reached), and where will the money eventually end up and who will have the eventual say on where …
The new company formed as a result of ACE Limited’s $28 billion acquisition of The Chubb Corp. will continue the Chubb practices that have made it a favorite among independent insurance agents, ACE CEO Evan Greenberg has promised. The new …
The majority of property/casualty insurers do not expect autonomous or self-driving vehicles to have a real impact on their auto insurance business for another decade and have not adjusted their business models to prepare for the disruption. Many insurer executives …
A Conning report on changing personal line dynamics notes some interesting opportunities for insurers and distributors. Projections show for a rapid increase in the number of people in the 65-plus group over the next 10 years. This aging U.S. population …
The idea that Millennials have superior tech skills and knowledge is something that has been an oft-repeated fact, both in the insurance industry and in our national consciousness. It makes sense; Millennials are the first generation of ‘digital natives’ – …
Zywave, Intygral Insurance software provider Zywave has completed the asset purchase of Intygral, a provider of automated marketing for property/casualty personal lines brokers. The Intygral system provides automated, industry-specific prospecting campaigns. As part of the agreement, Intygral customers will be …
The Maryland Insurance Administration (MIA) recently issued a bulletin clarifying that an insurer or its appointed producer would be permitted to offer, in exchange for a referral of an insurance applicant, a referral fee or share the commission with a …
New Hampshire Gov. Maggie Hassan recently signed into law H.B. 171 (“An Act Relative to Rebating”) that would remove the annual $1,000 cap on contests, sweepstakes, raffles or drawings conducted by insurance producers in connection with the marketing or promotion …
