March 23, 2015
The industry saw the passing of two of its best known and respected leaders in the past month: Liam McGee, former CEO and executive chairman at The Hartford, and Robert Benmosche, former CEO of MetLife and American International Group. Both …
March 9, 2015
About two-thirds of insurance carriers expect to hire more employees this year, a new survey finds. According to the semi-annual U.S. Insurance Labor Outlook Study conducted by The Jacobson Group and Ward Group, 66 percent of all insurance companies intend …
March 9, 2015
The nonstandard auto market is characterized by substandard operating performance. Since 2007, carriers writing nonstandard auto policies have reported deteriorating operating performance and many are struggling to maintain market share. But that hasn’t stopped interest in this large – and …
February 23, 2015
Nonprofit and social service organizations are as plentiful and diverse as the world itself. To better serve communities, nonprofits must bend, mold and adapt to rapidly changing conditions and so must the insurance industry that serves this specialty market, the …
February 23, 2015
Agent-broker profitability reached 21 percent for 2014, a new record for the Reagan Consulting Organic Growth and Profitability (OGP) survey that began tracking profitability for agencies in 2008. That median profitability for EBITDA (earnings before interest, taxes, depreciation and amortization) …
February 23, 2015
Agency employees are not happy when it comes to compensation, and money isn’t the problem. Despite some reported increases in salaries and total compensation, many employees continue to be unsatisfied when it comes to overall compensation, according to Insurance Journal‘s …
February 10, 2015
Agent-broker profitability reached 21 percent for 2014, a new record for the Reagan Consulting Organic Growth and Profitability (OGP) survey that began tracking profitability for agencies in 2008. That median profitability for EBITDA (earnings before interest, taxes, depreciation and amortization) …
February 9, 2015
Nonprofit and social service organizations are as plentiful and diverse as the world itself. To better serve communities, nonprofits must bend, mold and adapt to rapidly changing conditions and so must the insurance industry that serves this specialty market, the …
February 9, 2015
Nationwide Insurance ran into some social media backlash to its Super Bowl commercial that the company says was intended to spark a “fierce conversation” about preventing childhood deaths. The insurer issued a statement explaining and defending the ad. The ad …
January 26, 2015
The program insurance business market has enjoyed years of growth and appears on track to continue its expansion. However, while program business is attracting new interest, some participants are cautioning that not all competition is good. Program business premiums grew …