Agents & Brokers News

AZ Court Decision Could Increase Agent E&O Premiums

The Arizona Supreme Court is weighing in on the state’s uninsured/underinsured motorist coverage selection form – a decision that could dramatically increase insurance agency’s errors and omissions premiums, according to the Independent Insurance Agents and Brokers of Arizona. According to …

A Wealth of Risks

Serving High Income Clientele For insurance agents, there is a lesson to be learned from Hulk Hogan – particularly about the pitfalls of selling coverage to wealthy clients. The well-known, ex-professional wrestler turned reality TV star is suing his insurance …

People

Aon Consulting has named Shelly Blackstone as vice president of business development in its Richmond, Virginia office. In her new role, Blackstone will develop new products and services clients in Central and Southern Virginia. Prior to joining Aon Consulting, she …

A Risk Manager’s View on High Net Worth Insurance Programs

How to Develop the Complete Program for High Income, High Profile Clients Designing an insurance program for the high income, high profile client will start with the process of an analysis of all of the known risk pertaining to the …

6 Ways Agents Fail Their Workers’ Comp Customers

Like most agents, you work hard at writing new accounts, what salespeople through the years have referred to as “getting the fish in the boat.” But it doesn’t take a master angler to know that once you get the fish, …

A Year in Social Networking

5 Lessons for Insurance Brand Decision-Makers Since its inception just a few years ago, social networking has provided both hype and hope for businesspeople. Social networking practitioners in the insurance industry have demonstrated over the past year how to deliver …

Business Moves

Synergy Benefits, Brown & Brown Florida-based Brown & Brown has acquired Virginia-based benefits firm Synergy Benefits Inc. for an undisclosed sum. Synergy, which has annual revenue of approximately $1.2 million, will merge with the Manassas office of Brown & Brown …

The Competitive Advantage: Agency Valuations

A Victim of the Credit Bubble? In the early 1700s, John Law, a brilliant mathematician, advised the French government their economy could be improved by printing lots of paper money not backed by gold or silver. The key was getting …

Distressed and Vacant Properties Fill a Void for Insurers

The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed in the past couple years as the economy has forced the closure of many …

P/C Insurance Brokers Profitable Despite Tough Economy, Soft Pricing

It takes more than a bad economy and declining prices to weaken property/casualty insurance brokers. Moody’s Investors Service says in its new Industry Scorecard report that the insurance brokerage sector remains financially solid despite the weak U.S. economy and soft …