Daily Archives: <span>May 15, 2017</span>

People – West

Burns & Wilcox Brokerage named Susanne M. Waite vice president and senior broker in its San Francisco, Calif., office. Waite has more than 30 years of experience in insurance, with 14 years in wholesale. Waite previously was a vice president …

Producer Compliance in California: The Top Three Regulatory Danger Zones

Like Big Brother, California’s Department of Insurance is watching you. Okay, perhaps not literally — and certainly not all of you, but the department definitely has its antennae up when it comes to the business of brokers and agents, particularly …

Tech Talk: How to Use Digital Body Language

“When the eyes say one thing, and the tongue another, a practiced man relies on the language of the first.” — Ralph Waldo Emerson Agents pride themselves on their sales skills — to meet a prospect face-to-face, take their measure, …

My New Markets

Live Music Venue Insurance Market Detail: Entertainment Risks’s (www.entertainmentrisk.com) coverage highlights include: AM Best “A-XI” rated carriers; able to quote 100 percent liquor sales; includes general liability, assault and battery, liquor liability and property. Available limits include: general aggregate limit …

Wholesale Associations NAPSLO, AAMGA Merging to Form WSIA

Things are moving forward for a new insurance industry trade association for the wholesale, specialty and surplus lines insurance industry. The new Wholesale and Specialty Insurance Association (WSIA) is being formed by the proposed merger of the National Association of …

Political Talk Hurting Job Performance

Don’t talk politics – it might hurt your on-the-job performance. That’s what a new survey by the American Psychological Association revealed, which found that American workers are more likely to say they are feeling stressed and less productive because of …

Organic Growth Under Pressure: Agencies Show Weakest Growth Since 2011, Reagan Consulting Reports

Agencies and brokerage firms reported that their organic growth fell to 3.9 percent in the first quarter of 2017, the weakest growth rate since 2011. According to Reagan Consulting’s Organic Growth and Profitability (OGP) Survey, the drop had a lot …

Surplus Lines Could Meet Your Insured’s Flood Coverage Needs

The National Flood Insurance Program (NFIP) has been the topic of much debate in recent years, especially with the program set to expire on September 30. The NFIP is administered by the Federal Emergency Management Agency and is available to …

A Risk Pool of One: How Technology Could Make Insurance Obsolete

Will technology make insurance obsolete?” That was the stark question posed by William Hartnett, a former Microsoft and ACORD executive, in his opening address to the 2017 Global Insurance Symposium, April 26-27 in Des Moines. The annual event is sponsored …

Top 10 Technical Fouls to Avoid When Filing Environmental Claims

Benzinger is chief broking officer and managing director at Aon Risk Solutions Environmental Practice. Claims are where the rubber meets the road for an insurance policy. For some lines of coverage, like workers’ compensation, the protocol for filing claims is …