Articles by Andrea Wells

Andrea Wells is vice president of content for Wells Media Group Inc., overseeing coverage for its multiple print and digital platforms. She is a veteran insurance journalist with more than 20 years’ experience covering the property/casualty industry. She has won several awards from the American Society of Business Publication Editors (ASBPE), including awards for original research for her work on Insurance Journal’s annual salary survey of retail insurance agencies and its annual survey of young insurance agents. She can be reached at: awells@wellsmedia.com.

AAMGA Expands Membership to Include All Wholesale Professionals

The American Association of Managing General Agents (AAMGA) has decided to expand its membership to include all wholesale insurance professionals, while keeping its original name. Membership will now be open not only to MGAs, but also to managing general underwriters, …

Concerns Over Cyber Security Risks Outweigh Traditional Risks

Cyber security risks have become more worrisome to large organizations than traditional natural catastrophe risks, according to a new study. The study, titled “Managing Cyber Security as a Business Risk: Cyber Insurance in the Digital Age” and conducted by Experian …

Insurance Without TRIA

If Congress fails to renew or makes significant changes to the federal terrorism risk insurance program, some insurers will be forced to significantly alter their underwriting portfolios to reduce terrorism exposures. Also specialty or monoline workers’ compensation or commercial property …

Concerns Over Cyber Security Risks Outweigh Traditional Risks for Large Firms: Study

Cyber security risks have become more worrisome to large organizations than traditional natural catastrophe risks, according to a new study released today. The study, titled “Managing Cyber Security as a Business Risk: Cyber Insurance in the Digital Age” and conducted …

New and Improved

For nine years now Insurance Journal has strived to identify the nation’s leading privately held independent property/casualty insurance agencies in our annual Top 100 P/C Agencies special report. This year, we dug a little further in that search. In previous …

Insurance Journal’s New and Improved Top 100 Independent Property/Casualty Agencies Report

Welcome to Insurance Journal‘s new and improved Top 100 Independent Property/Casualty Agencies report. This year’s Top 100 features a number of agencies that are new to the list thanks to a change that ranks the agencies on total property/casualty revenue …

Agencies of the Future

A report from McKinsey & Co., titled “Agents of the Future: The Evolution of Property and Casualty Insurance Distribution,” warns that the division of labor between carrier and agent is blurring. “Carriers are interacting more directly with customers, at lower …

Man-Made Disasters

Disasters strike in many forms. Insured disasters often arrive in the wake of natural catastrophes – floods, earthquakes, drought, tornadoes and hurricanes. But disasters are also man-made as in the terrible tragedy that occurred at the Rana Plaza factory in …

Why Restaurant Franchises Make Good Program Business

One industry segment ideal for the program market and somewhat immune to the effects of a battered economy is the fast-food, multi-unit restaurant franchise industry, the experts say. The larger a company grows, the slower its rate of growth. But …

Solar Construction: Too Hot to Handle?

The solar construction industry has been extremely hot in recent years. Perhaps, too hot. The sector’s rapid growth has led to an oversupply of solar panels, which has turned up the heat on manufacturers to lower prices. Now some experts …