Economy News

Risk, Reward and Reflection

Lessons Gained from the Current Economic Storm The property/casualty business has never been easy. As history shows, the underwriting community has been successful in creating and delivering insurance products that give consumers and business owners peace of mind. Over time, …

They Do THAT, Too!

Diversification Spurs San Antonio-Based SWBC to Great Heights Top 100 Agency Profile Ranking No. 13 (ranking based on 2007 figures) Agency Name: SWBC Headquarters: San Antonio, Texas Year Founded: 1976 2008 Total P/C Premium: $645.3 million 2007 Total P/C Premium: …

Take Advantage of Bad Times by Hiring a Marketing Major

Enhance Your Survival by Finding Light Within the Darkness The economic landscape is mired in darkness. Bankruptcies and foreclosures have risen to frightening levels, while the stock market languishes in despair. The high rate of unemployment has a dreadful impact …

Managing an Agency in a Troubled Economy

InsurBanc’s Pettinicchi on Agency Financing Options Unlike many businesses, independent insurance agencies do not need to access credit on a daily basis. But when the time comes that an independent agency needs access to credit and cash, it is usually …

The Globalized Broker Network

Assurex Global Struck Gold with Partners Around the World Assurex Global Year Founded: 1954 Locations: 500 offices on six continents Employees: 20,000 Annual Premium Volume: $28 billion Annual Revenue: $3.4 billion Assurex Global wasn’t fully “global” until the late 1990s, …

Latino Middle Class Security Weakened in U.S. Before Recession

As the economic downturn continues, a new report finds that millions of African Americans and Latinos lost economic security between 2000 and 2006, and that more than four out of five are either borderline or at high risk of exiting …

Florida Welcoming New Latin Independent Agents, While Still Coping with Old Market Problems

LAAIA Chief Says Property Markets Will Be a Problem in South Florida Until There’s a National Plan Being an independent agent in south Florida means never having enough property markets. That was true years ago and remains true today, according …

Latino Market Growing Twice as Fast as General Consumer Market

As their buying power nears $1 trillion, the 46 million Hispanics now living in the United States wield a powerful influence on the American consumer economy. Between 1995 and 2007, expenditures by Hispanic consumer units grew more than twice as …

Crist Veto of Condo ‘Glitch’ Bill a Letdown for Unit Owners, Agents

Critics Say Florida Governor Let Fire Sprinkler Deadline Provision Overshadow Other Benefits Florida Gov. Charlie Crist’s veto of a condo insurance bill has disappointed condo unit owners and insurance agents who must comply with what they say is a costly …

Insuring Milestones

Insurance Journal recently ran a story on its Web site, www.insurancejournal.com, about the increasing popularity of wedding insurance. The economy, it seems, is driving the young and in love in greater numbers to seek economic protection in case their dream …