Whether you are trying to access major carriers’ markets for hard-to-place risks, find a way to brand your agency, or tap into the expertise of other veteran agents, a cooperative may be the way to go. Clusters, networks, huddles—cooperatives go …
They’re baaack. High-flying medical malpractice liability claims losses, that is. The availability crisis of the 1970s and the affordability crisis of the 1980s may be nothing compared to the crisis insurers and doctors face this time around. Almost 8 percent …
Marine insurance is, as Insurance Journal put it last year, “a unique animal.” The belly of the beast consists of cargo and yacht coverage, which account for 50 percent of U.S. written premium. But another marine market, aside from coverage …
Whether you are trying to access major carriers’ markets for hard-to-place risks, find a way to brand your agency, or tap into the expertise of other veteran agents, a cooperative may be the way to go. Clusters, networks, huddles—cooperatives go …
According to Jim Donelon, Chief Deputy Commissioner of the Louisiana Department of Insurance (LDI), the answer to the homeowners’ insurance crisis in Louisiana is to move to a file and use rating system, and to change the nature of the …
Gov. Kathleen Sebelius “will be amenable to signing” a bill to restrict credit-based insurance scoring, according to Insurance Commissioner Sandy Praeger. Sebelius, a Democrat who served as insurance commissioner for eight years before her election to the governor’s mansion in …
Federal investigators are pursuing charges that Chicago-based Near North Insurance Brokerage has regularly failed to pay and in some cases falsely listed minority- and women-owned subcontractors on municipal insurance deals, according to confidential high-ranking sources within the beleaguered, clout-heavy firm. …
A bill to regulate credit-based insurance scoring substantially similar to a model bill formulated by the National Conference of Insurance Legislators (NCOIL) has been passed out of Illinois’ House Insurance Committee and is very likely to be sent to the …
Marine insurance is, as Insurance Journal put it last year, “a unique animal.” The belly of the beast consists of cargo and yacht coverage, which account for 50 percent of U.S. written premium. But another marine market, aside from coverage …
Gov. Rod Blagojevich, a Democrat, has appointed a former life insurance company lawyer the state’s new director of the Illinois Department of Insurance. J. Anthony Clark, 50, worked for 10 years as counsel for Montgomery Ward Life Insurance before opening …
