You don’t have to be involved in the property/casualty insurance industry long to become acquainted with the many studies that are released each year on rating systems, both from consumers and from the industry. The most recent study was released …
When it comes to dealing with a recession, independent agents in Michigan carry the dubious distinction of having more experience than their counterparts in other Midwestern states. Michigan has been knee deep in a recession for at least the last …
Tort reform keeping claims frequency down; surplus up, but severity still an issue Tort reform efforts seem to be working, frequency of claims for medical liability is going down, surplus is up and reinsurance capital is available — and, yes, …
Tort reform, soft market, drive down claims frequency in health care facility liability market Health care facility professional liability has faced new challenges due to recent tort reform efforts, the soft market and a changing perception of how hospitals, the …
We were reminded in our last issue’s stories on how agents are faring in the recession that the effects of the economic downturn vary by agency and region. Some agencies and customer are feeling the slowdown more than others. But …
In the face of growing economic turmoil the Bush administration is calling for an overhaul of system of regulating the nation’s financial services industries — including insurance. The reform proposal announced by Treasury Secretary Henry M. Paulson calls for insurance …
In recession-battered Michigan and elsewhere, agents pursue opportunities despite market conditions When it comes to dealing with a recession, independent agents in Michigan carry the dubious distinction of having more experience than their counterparts in other Midwest states. Michigan has …
Some call it ‘double taxation;’ others easy money Indiana recently became one of the first states in the country to pass legislation prohibiting the practice of municipalities charging fees for accident response runs, when Senate Enrolled Act 81 was sent …
In the competition for jobs and capital investment among the states, those states that suffer from high tort costs and litigiousness will continue to lose jobs and businesses to states with superior tort systems. In case you missed it — …
Since this issue of Insurance Journal puts the spotlight on agency salaries, it’s only fair that the compensation of corporate CEOs come in for some scrutiny as well. No, we’re not going on a paycheck hunt, even though the information …
