The U.S. property/casualty industry recorded a net underwriting loss of $23.5 billion for year-end 2017, according to preliminary results from A.M. Best. That was $18 billion bigger than the underwriting loss in 2016. The 2017 underwriting loss was mainly due …
Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. Here are five industry sectors and insurance markets that could offer opportunities for agents and brokers in the property/casualty insurance industry in 2018. Employer Liability and …
The insurance industry stands amid an increasingly fast-paced, ever-changing business world. Insurance companies are now face-to-face with constantly evolving marketplace conditions — including climate concerns, technology risks, compliance demands and globalization. Organizations that fail to keep up with today’s rapid …
Alliant, Hecht & Hecht Alliant Insurance Services Inc. has acquired Portland, Ore.-based Hecht & Hecht’s property/casualty insurance services. The deal will bring Hecht & Hecth’s P/C insurance services under the Alliant banner. Alliant previously acquired Hecht’s employee benefits arm in …
Almost 30 years ago, I sat in a large carrier meeting, in an upscale hotel meeting room. The company had brought 20 or so people together from their offices around the country in multiple divisions to discuss “The Next Big …
Nearly one in eight U.S. motorists is driving around uninsured and putting insured drivers at greater risk in the event of an auto accident, according to a study. The study, directed by the Insurance Research Council (IRC) and co-sponsored by …
Autonomous Caution “Unlike Arizona, California has taken a safety driven approach when developing autonomous vehicle regulations.” — Jim Frazier, a California Assemblyman, urged caution in his state following the death of a 49-year-old woman in Arizona after she was struck …
Armored Car Services Market Detail: Brownyard Programs (www.brownyardprograms.com) is focused exclusively on the insurance needs of the private security industry. Brownyard offers E&O, CGL, umbrella, assault & battery, excess liability, blanket additional insureds. They are the oldest name in the …
Insurance agents and brokers have long been targets of error and omission lawsuits. It’s also true that most of them have sought advice of counsel as to how to win a lawsuit. They will often be told that the duty …
When Brett Favre was inducted into the NFL Hall of Fame, he looked up at the sky and said: “Dad, I hope I made you proud.” Favre’s dad was a high school football coach. He was a hard man to …
