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.

Ark. Regulators Suspend Agent License of Standridge for Dishonest Practices

Arkansas’ Insurance Commissioner Jay Bradford has immediately suspended the resident producer license of Steve Standridge, founder of the Steve Standridge Insurance Inc. based in Mount Ida, Ark., for allegations that he falsified collateral used to purchase another insurance organization and …

Social Service Organizations in Tough Economic Times

It’s no secret that nonprofits are feeling the effects of a battered economy. Donations are down. State and federal funding are also down. Insurance providers say they are keeping a close watch on changing exposures in the wake of necessary …

Social Service Organizations in Tough Times

Brokers Keep Watchful Eye as Tough Economy Forces Workforce, Program Changes It’s no secret that nonprofits are feeling the effects of a battered economy. Donations are down. State and federal funding is also down. In the wake of necessary cost-cutting …

Construction Specialists See Slow Recovery in 2010

Bright Spots for Commercial Contractors; Tough Times for Residential Market Construction insurance specialists say market improvement in 2010 for the construction industry will be slow for most sectors — even so opportunities do exist. Publicly funded construction projects have seen …

Has to Get Better

It’s no secret. 2009 was a tough year. Just as tough as 2008; maybe even more so. The economy continued to tank. More businesses shut their doors. Revenues dropped for just about every business. Independent insurance agencies were no exception. …

Rocky 2009 Leaves P/C Agents Hoping for a Better 2010

Once again, agents and brokers are wishing for a harder insurance market in the New Year. But while most agents hope for firmer insurance pricing in 2010, just slightly more than a quarter (26.9 percent) predict a harder market will …

Has To Get Better

It’s no secret that 2009 was a tough year. Just as tough as 2008; maybe even more so. The economy continued to tank. More businesses shut their doors. Revenues dropped for just about every business. Independent insurance agencies were no …

Rocky 2009 Leaves P/C Industry Hoping for a Better 2010

Agents Wish for Firmer Prices, Better Economy and Market Stability in New Year Once again, agents and brokers are wishing for a harder insurance market in the New Year. But while most agents hope for firmer insurance pricing in 2010, …

Workers’ Compensation System Failing Lower Wage Workers

Study Finds Few Workers File for Benefits Even When Seriously Injured Only 8 percent of lower wage workers injured on the job receive workers’ compensation benefits, according to a new report. Also, lower wage workers — those earning just over …

A.M. Best: New Regulations, Market Conditions and Financial Crisis Wreak Havoc on Workers’ Comp Line

Challenging market conditions, the financial crisis and the recession drove profitability downward for the U.S. workers’ compensation market in 2008. Changing regulatory conditions and reforms have also impacted the workers comp market, probably more than any other line of business, …