Economy News

Data Security Presents a Risk — and Sales Opportunity — for Agents

It’s An Enormous Market That Includes Main Street Businesses Doing Credit Card Transactions Data security represents a new risk for independent insurance agencies that may not be compliant with data security laws or have plans in place to protect their …

Play Ball

Baseball season has arrived and with it the optimism that This is the year our favorite team will go all the way. The Amazing Rays will surpass their impressive performance of last season. The Big Bad Braves will return to …

Risk Factors for Technology Industry Changing with the Economy

Today’s technology leaders face challenging times in unprecedented circumstances. Many of the risk factors that topped the list of greatest concerns for tech companies — foreign competition, intellectual property infringement, development of new products and services and talent attraction and …

Cat 5 Litigation in the Forecast?

As 2008 Hurricane Claims Enter Court and New Season Approaches, Katrina Issues Linger The 2008 hurricane season was the sixth most active tropical storm season recorded since data collection began in 1851. Six storms made U.S. landfall in 2008. They …

Windstorm Insurance Debate Begins in Texas, Finally

Texas legislators on April 7 finally jumped into debate over how to improve the troubled windstorm insurance system that serves as a last resort for hurricane protection along much of the Gulf Coast. The House Insurance Committee, watched closely by …

California Reconsiders En Banc Decisions

The California Workers’ Compensation Appeals Board has decided to reconsider its earlier en banc decisions in Ogilvie v. City and County of San Francisco, Almaraz v. Environmental Recovery Services and Guzman v. Milpitas Unified School District, which industry experts say …

Crime Warp: Recession Driving a Rise in Vehicle Give-Ups

As America’s economy slogs through this once-in-a-generation recession, stressed-out consumers are literally being driven to desperation. Growing numbers of drivers around the U.S. are illegally dumping their vehicles for insurance money. Blackened hulks are turning up in remote deserts outside …

Independence Through Teamwork

While the tendency is for independent agents to stress their independence and go solo, a team approach can be very valuable to producers who are new to the industry. “When producers first come in, instead of handing them the Yellow …

50 Things Independent Agents Like LEAST

The exclusive 2009 Insurance Journal Young Agents Survey asked independent agents under 40 years old what they like least about being an independent agent. Here’s what some of the 692 agents who took the survey had to say: Lack of …

Marine Cargo Insurance for Small to Mid-Size Businesses Doesn’t Have to Sink the Ship

Importers and exporters that ship only a modest volume of goods do not have to settle for the often pricey or inadequate marine cargo insurance that is available from freight forwarders — the usual source of this kind of coverage …