Agents & Brokers News

2010 A Revolutionary Year for Truckers Insurance

The year 2010 might be considered revolutionary, as it is ushering in more changes for those who provide insurance for truckers than the industry has seen in a decade. Motor carriers, defined as anyone who uses a vehicle that has …

People

EPIC (Edgewood Partners Insurance Center) added Tina Brink as a senior account executive in its Folsom, Calif., office, and Lori Perry as a senior account executive in its San Francisco office. Brink brings more than 18 years of experience in …

USLI Expanding with Retail Agent Distribution; No Longer Exclusively Wholesale

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 …

What Agents Think Makes a Great Insurance Carrier Field Rep

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 …

Connecticut Warns Agents over Surplus Lines Placements

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 …

Rough Road for Trucking in the New Economy

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 …

Price Scare

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, …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Closure/Post Closure for Landfills Market Detail: Sloan Mason Insurance Services provides closure and post closure …

Business Moves

Alteris, Insurent Alteris Inc., a provider for the managing general agency community, has partnered with Insurent Agency Corp. to offer an insurance program focused exclusively on guaranteeing residential leases. Established in 2008, the Insurent Lease Guaranty Program offers financial guarantees …

How to Manage the Growing Risks of Social Media

Advertising, Defamation, Privacy and Security Laws All at Issue Asked why he robbed banks, Willie Sutton famously replied: “Because that’s where the money is.” Something similar can be said to explain why companies are paying more attention to social media …