The ghost of the 2008 financial collapse still haunts the liability insurance market for real estate professionals and some are worried the business may be headed for a replay of that crisis. While it is still recovering from the crash …
It was a relatively quiet year for natural disasters – except for those living in the Western United States, according to property data provider CoreLogic, in its annual Natural Hazard Risk Summary and Analysis, released in late January. The report …
The nonprofit sector is not what it used to be. This critical sector represents more than 1.5 million organizations and accounts for almost 10 percent of all salaries and wages paid in the United States. And it’s growing. When Pamela …
For decades, the competitors of independent insurance agents have been frustrated. It seems that every so often our industry is treated to a parade of consulting firms predicting the impending demise of the independent agency distribution system, for their own …
Zero Tolerance “This is a zero tolerance state when it comes to fraud.” —Ben Barnes, secretary of the Connecticut Office of Policy and Management, on the state’s efforts at fighting fraud, waste and abuse. The Connecticut government last month launched …
Aspen, AgriLogic Specialty insurer Aspen Insurance has acquired AgriLogic Insurance Services and certain affiliates for cash in a transaction that further diversifies Aspen’s specialty insurance business. AgriLogic, headquartered in Overland, Kan., is a specialist U.S. crop insurer and agricultural consultant …
Signs that 2015 would be an active year for property/casualty mergers and acquisitions (M&A) were apparent in late 2014. As 2014 closed, there was a rush of M&A activity. The deals that closed out 2014 included: Fosun International buying Meadowbrook …
Much has been discussed and considerable investments have been made specific to branding within the independent insurance agency market over the past five to 10 years. Intense pressure to “brand” exists because of the $6 billion in advertising spent by …
Automation could leave up to 25 percent of the insurance industry’s current full-time positions consolidated or replaced over the next decade, McKinsey & Co. said in a new report, “Automating the Insurance Industry.” The consultancy urged insurers to “rethink their …
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