What Others Said: Reader Comments
Hang that laminated list on the wall in your office at your job, and your next job, and your next job… I once worked in an agency where there was a broker who pre-stamped on every single Acord application “No …
Wading into Flood Waters
Agents Should Place Added Focus on Coverage Differences in Expanding Private Flood Market It has been a long-held insurance axiom that flood is not considered an insurable peril due to its potentially catastrophic nature. Here is what the report, “Affordability …
Consumer Advocacy in an Age of Consumer, Insurer Options
Today’s Insurance Consumer Advocates Are Tackling Some New and Old Issues Years ago, insurance consumer advocates in the states were most often focused on getting consumers access to insurance at fair prices. They still advocate on those issues, of course, …
Amazon, Berkshire, JPMorgan Name Health Care Organization, Haven
The Boston-based health care organization founded by giant employers Amazon, Berkshire Hathaway and JPMorgan Chase have announced its name — Haven — and launched a new website at havenhealthcare.com. Haven will serve 1.2 million employees and families affiliated with Amazon, …
Business Moves
National Aon, Willis Towers Watson Aon Plc said it’s no longer pursuing a combination with rival insurance brokerage Willis Towers Watson Plc, a day after confirming that it was considering a merger. The company reported it was in the early …
U.S. Commercial Insurance Prices Inched Up in Q4
U.S. commercial insurance carriers again earned price increases in the 2018 fourth quarter, but the growth was slight. Premiums during the quarter grew just under 2 percent on average compared to the same period in 2017, according to Willis Towers …
Emerging Economies to Take Larger Stake in Global Growth in 10 Years
Emerging markets will remain the growth engine of the global economy and insurance industry during the next decade, reflecting a continuing shift of economic power from west to east, according to Swiss Re Institute’s latest sigma report. Summarizing macroeconomic trends, …
The 5-Step Evidence Based Hiring System
How to Improve Producer Hiring Results As an agency owner, the success of your business is directly tied to your hiring process. Each bad hire can easily cost $100,000 to $200,000. However, good producers can add $1 million of annual …
National Association of Insurance Commissioners (NAIC)
The National Association of Insurance Commissioners (NAIC) earlier this year named 34 representatives for 2019 under its Consumer Liaison Program that promotes consumer interaction with state insurance regulators at meetings and throughout the year. The 20 funded and 14 unfunded …
P/C Direct Premium Written Up 5.9 Percent
Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2017, over $636 billion of DPW was reported, a record high for the industry. For 2017, total DPW for all P/C insurers aggregately increased 4.7 …
