Articles by Joseph L. Petrelli

Petrelli is the president and co-founder of Demotech, Inc., a Columbus, Ohio-based financial analysis and actuarial services firm. Visit Demotech.com for additional information.

Premium growth: Should it be measured by company or by group?

Henry Miller, the author of “The Absolute Collective,” once said that “all growth is a leap in the dark, a spontaneous unpremeditated act without the benefit of experience.” Although he spoke of personal growth, I think part of his comment …

2007 Agency Salary Survey says …

More than a 1,000 insurance agencies nationwide responded to the 2007 Agency Salary Survey published in the March 12, 2007, issue of Insurance Journal. While Insurance Journal published the survey results in its annual exclusive report, countless opinions and perspectives …

Premium Growth: A measure for a response to changing needs?

Virtually all industries respect and demand top line growth. Publicly traded companies, competing for capital, are required to demonstrate an ability to facilitate top line growth. In stark contrast to other industries, the property/casualty insurance industry prefers slow but steady …

Florida’s home insurance market: domiciled insurers persist

The financial stability of many of Florida’s domiciled homeowners insurance market is a surprising aspect of the state’s very troubled homeowner insurance market and its insurers. Catastrophe modeling, reinsurance, and conservative management practices have kept this class of insurers very …

When insurers play the ratings game

Publicly traded property casualty insurance companies must serve many masters. To be competitive in the marketplace, they must offer products that meet the needs of consumers, at prices that are competitive with the expectations of agents as well as the …

When insurers play the ratings game

Publicly traded property casualty insurance companies must serve many masters. To be competitive in the marketplace, they must offer products that meet the needs of consumers, at prices that are competitive with the expectations of agents as well as the …

Carrier Solvency, Not Aggregate Industry Reserves, Should be Focus

Placing Industry Loss and Loss Adjustment Expense Reserving into Perspective In an April 2004 edition of Insurance Journal, Mark Wells, publisher, utilized the ‘On the Street’ column to frame the issues related to the current situation of the property/casualty insurance …

The Aloha State – More than Beaches and Rain Forests

The United States Census Bureau’s Census 2000 estimated the population of the state of Hawaii at 1,211,537. Approximately 85 percent of the adult residents had graduated from high school and about 26 percent had earned a bachelor’s degree or higher. …

Insuring the Cornhusker State

The U.S. Census Bureau’s 2000 census estimated Nebraska’s population at 1.7 million. About 87 percent of the adult residents had graduated from high school and about 24 percent had earned a bachelor’s degree or higher. The capital, Lincoln, has a …

Regional Spotlight

“Regional Spotlight” highlights the products, services, financial strength and agency relationships of regional insurance companies. We have provided this column in order to allow regional insurance companies to disseminate pertinent information impacting the companies, their employees and agents in a …