Consolidating separate legal entities’ loss experience to develop a common experience modification factor has the potential to cause confusion for the client and sometimes the agent. Clients may view such mixing of loss experience due simply to common majority ownership/interest …
Take that coworker who wastes time. He mismanages resources. He’s been known to engage in activities that others in the office consider conflicts of interest. Yet, he seems to “do no wrong” in the eyes of the company. Why? Because …
“Hiring and driver turnover are critical to review as they relate closely to the management of the business and loss control stability. Encourage your insured to develop hiring guidelines and to follow them. Hiring and keeping good drivers are …
Local Strategies to Stand Out in a Challenging Lead-Acquisition Marketplace The insurance industry is spending big on local marketing, but the results individual agencies experience depend on the tactics they execute. For independent agents and brokers looking to stand out …
The workers’ compensation market is healthy and robust. It’s both competitive and profitable. That’s good news for business owners, the insurance industry and injured workers. Beneath the positive news, however, is a layer of anxiety over how long the market …
The good news is that for the foreseeable future, with certain exceptions, you will not have to tell your clients their premiums are increasing 10 percent or more. Property/casualty carriers collectively, not necessarily individually, have more money than they know …
A big question looming is whether the federal government or state governments will play the primary role in setting standards for self-driving cars. Historically, the federal National Highway and Transportation Safety Administration promulgated automobile equipment safety standards while the states …
The costs of business interruption due to a breach is the top cyber risk concern for businesses across all industries, according to a new survey of captives. Aon Global Risk Consulting, in its 2016 Captive Cyber Survey report, found that …
Deficient Roads “Forty years of underfunding isn’t going to be reversed in 10 years. … We need to stay on course.” —Oklahoma Department of Transportation’s Terri Angier comments on a recent report showing that 28 percent of Oklahoma roads are …
The Centers for Disease Control and Prevention (CDC) estimates that one-in-six Americans gets sick every year from contaminated food or beverages. Those in the restaurant industry cannot ignore the risks. The recent chain of events that roiled Chipotle Mexican Grill …
