Monthly Archives: <span>March 2019</span>

How and Where to Start When an Agency Leader Retires

Q: Our executive team wants to start the recruiting process for a chief operating officer. The current leader is within two years of retirement. We prefer to be ahead of the game and have the current COO groom his successor. …

Business Moves

National Hanover Insurance Group, RSA Group The Hanover Insurance Group, Inc. has a new agreement with the multinational insurer RSA Group to join its global network as a U.S. strategic network partner. This relationship expands The Hanover’s international specialty capabilities …

The High Price of Cyber Attacks: Chubb

The average price tag for a business to recover after a cyber attack is $400,000, which can be fatal for small-and-medium-sized enterprises (SMEs), according to a report published by Chubb. This hefty cost of repairing the business and its reputation …

Word of Mouth Matters When Customers Buy Their Insurance: Facebook

For young and old property and auto insurance customers alike, word of mouth shapes their coverage purchases, according to a new Facebook survey. Where that word of mouth comes from can differ, however. The survey found that 80 percent of …

Ins and Outs Of Contingent Business Interruption

The steady extension of supply chains over recent decades has exposed businesses to various risks resulting from temporary interruption. These types of interruptions to a supply chain can result in significant losses, even over the short term. While it’s natural …

People

National Ironshore Specialty Casualty has named Casey Hartley senior vice president and head of the Programs business unit in the U.S. She will oversee the development, marketing and distribution of programs lines, working with programs administrators across Ironshore’s underwriting platforms …

No More Nuts at the Ballpark for Kids’ Sake

Kerry Adamowicz hoped that a meeting with Hartford Yard Goats officials might lead to a few peanut-free days or maybe a peanut-free section at the team’s Double-A baseball stadium, so her son and other children with food allergies could enjoy …

Opening the Door for Private Flood

Technological advances are changing the game in almost every facet of our lives, and insurance is no different. When we think of technology and insurance, blockchain, self-driving cars and/or monitoring devices often take center stage, but perhaps with less fanfare, …

The Drone Claims Scenario

Do you own or know somebody who owns a drone? Think about this past year — have you had experiences where you encountered a drone? Perhaps you are attending an outside public event, going for a walk or dining on …

Romaine Lettuce Outbreak Source Still a Mystery

U.S. food regulators say they weren’t able to identify a contamination source for a food poisoning outbreak tied to romaine lettuce this fall. The Food and Drug Administration says it couldn’t determine how a water reservoir on a Santa Barbara …