A group of New York insurance agents has launched a new trade group for Latin insurance producers as well as brokers who serve the Hispanic community in the Northeast. LABA is not the first group geared toward insurance agents with …
For independent insurance agents, upcoming healthcare reform could be an opportunity to gain a bigger share of the health insurance and benefits market, provided they can properly advise their customers about their options, according to experts. Insurance Journal is partnering …
Insureds facing the possibility of losses from the BP oil disaster in the Gulf of Mexico are being advised to submit their written notice to their insurance carriers as soon as possible and no later than July 8, 5 p.m. …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Lloyd’s of London and Lloyd’s Reinsurance Company (China) Limited. Best also affirmed the ICR of “a” of the Society of …
ACE International has appointed Perrine Kalina to the new role of Engineering Coordinator and Assistant Underwriter to its Environmental Risk team. She will “provide underwriting support to ACE’s environmental teams in the UK and Ireland and Continental Europe,” said the …
After years of doing business exclusively though wholesale brokers, United States Liability Insurance Group (USLI) is expanding its distribution to work directly with retail insurance agencies. “We are expanding our distribution to include retailers on a selected basis,” Chairman, CEO …
Underwriting Authority, Marketing Assistance and Communication Considered Valuable Traits Independent insurance agents often rate a carrier with great field representatives higher than others – sometimes elevating them to their “Top 3” carriers. While the performance of insurance company field representatives …
The Connecticut Insurance Department is warning producers against placing coastal homeowners in the surplus lines market if an admitted insurer has offered to renew their policies. Doing so violates Connecticut law, and in a recently released bulletin, the state says …
Rising Taxes, Inflation Will Force Insurance Market to a ‘Déjà vu All Over Again’ The insurance industry has a long history for cyclical price adjusting, featuring long periods of marginal to inadequate premiums followed by relatively brief, startling and disruptive …
Seven years and running, the soft market shows few signs of loosening its grip on commercial insurance pricing, according to a recent industry study. Average premiums in every line tracked by the RIMS Benchmark Survey fell in the first quarter, …
