As we pass the halfway point of 2014, the National Council on Compensation Insurance (NCCI) is relatively optimistic about the outlook for the workers’ compensation market in America. Industry costs remain largely contained. There is a reasonable expectation of some …
U.S. insurance markets, like the rest of the nation, were caught off guard by the Sept.11, 2001 terrorist attacks. Loss of life and property led to an estimated $32.5 billion dollars in insured losses – $43 billion in 2013 dollars …
You can be sure critics are already getting ready to pounce on a preliminary draft of the financial services section of the Trade in Services Agreement (TiSA), invoking the usual rhetoric about the evils of global trade liberalization. TiSA is …
Ratings, and rating agencies, occupy a contradictory place in many markets – not least in commercial lines insurance and reinsurance. They are very heavily relied on by both buyers and brokers, yet subject to a great deal of cynicism. However, …
In a world where a simple online search can yield a universe of information about insurance products and services in the blink of an eye, it is perilously easy to overlook the key role an age-old human transaction – the …
For years, directors and officers, and entity coverage for privately held firms was one of the best deals going, with broad coverage, cheap pricing and low retentions. Over the past several years, market capacity suppressed management liability pricing and retentions …
The new sharable economy is growing across the country, and one question looms large: What are the insurance implications? Homeowners and renters understand the types of insurance they need and where they can buy coverage. Drivers know they need auto …
On behalf of the National Governors Association, Alabama Gov. Robert Bentley and West Virginia Gov. Earl Ray Tomblin on March 28 wrote Treasury secretary Jacob Lew about Treasury’s Federal Insurance Office (FIO) report last December on how to modernize the …
Like many of my peers, I grew up in family-owned independent insurance agency and sort of inherited the insurance bug. Unlike most of my peers, our family’s agency is minority-owned and I’m younger than 40. The majority of independent insurance …
When meeting with a client and discussing needs and services, you probably talk with your mouth as well as your hands, as most sales professionals are very animated. What is important to know is that your clients will watch what …
