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

Willis Towers Watson, Sompo GRS Launch Middle Market Real Estate Platform

Willis Towers Watson has entered into a strategic partnership with Sompo Global Risk Solutions (GRS) to create an integrated insurance platform to serve the needs of the middle market commercial real estate segment. The Willis Towers Watson Retail, Office and …

PMA Companies Insurance Group Names Mitchell Claims AVP in Southeast

PMA Companies Insurance Group has named Sabrina Mitchell as Claims assistant vice president, Southeast Region. Mitchell will be responsible for leading PMA’s Southeast Region insurance claims operations and will report directly to Ray DiCello, senior vice president and chief claims …

Medical Malpractice Insurer Ordered into Rehabilitation in Kansas

A medical professional liability insurance provider serving nearly 500 medical professionals in Missouri and Kansas has been placed into rehabilitation after the Kansas Insurance Department (KID) found the company’s financial condition had deteriorated significantly. Kansas Insurance Commissioner Vicki Schmidt filed …

The Importance of a Healthy E&S Market

There is a special segment of the insurance industry that can be maligned at times because of how it operates, but it is critically important to a healthy insurance marketplace. That industry segment is the excess and surplus (E&S) market. …

Enduring Pain on the Path to Success

Do you ever get sick of hearing about professional athletes like Tom Brady, Tiger Woods and Steph Curry who have tremendous success because of their work ethic and ability to endure pain? Or maybe you’re tired of stories about the …

Multitasking

I’ve often pondered whether or not one person can excel at multitasking over another. Are women better at multitasking than men? Are younger people better multitaskers than their older counterparts? Today’s world is filled with multitasking opportunities — hundreds of …

Oil Industry’s $50B in New Projects Conflict with Paris Climate Goals: Think Tank

Major oil companies have approved $50 billion of projects since last year that will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a recent report. The analysis found that investment …

Surplus Lines: Innovation Incubator

The surplus lines marketplace is often viewed as the insurer of last resort, the marketplace for bad risks with poor loss records. But particularly in a time of great economic growth like now — we’re also the place where innovative …

Lacking Structure: My Agency’s Biggest Recruiting Problem

Q: What are you seeing out there for experienced insurance talent? I dread recruiting because it’s never easy to find quality people. What are agencies doing to fill critical service roles and recruit producers? A: Insurance agencies feed too much …

Financial Management 101

Typically, financial management is learned on the job rather than through formal training. Agency owners frequently start off as producers, so selling is their strength, not dealing with credits and debits. It is not unusual for some business owners to …