Economy News

Identity Theft On the Rise But Costs per Incident Fall Sharply, Report Finds

The number of Americans ensnared by identity theft is on the rise, but victims are striking back more quickly and limiting how much is stolen. In 2008, the number of identity theft cases jumped 22 percent to 9.9 million, according …

Dream Agents

We Insurance Journal writers are fortunate in that we get to speak with a lot of good folks from company CEOs and agency principals to state regulators and experienced underwriters. They come in all accents, ages and attitudes. Most of …

Swimming Downstream: How a Regional Insurer Buy Others Through Demutualization

Donegal Group’s Strategy Has Helped It Grow From Writing in 1 State to 19 in 20 Years Even in a good economy, mutual insurers face challenges trying to raise the capital they need to grow since they don’t have any …

Systematic Sales Strategy Should Be Priority No. 2 for Agency Managers

In this hard economy coupled with the soft market, most agencies expect sales and revenues to go down. Even the best performers feel the downward trend in premiums. According to Juan Andrade, executive vice-president for sales and distribution at The …

Start-Up Stories: How New Agencies Are Competing

Crop of New Agencies Is Defying the Hard Economy and Soft Market The independent insurance agency system is enjoying a resurgence. For years, the number of agencies nationwide declined, but that trend has halted. There were 37,500 agencies in 2008 …

Systematic Sales Strategy Should Be Priority No. 2 for Agency Managers

In this hard economy coupled with the soft market, most agencies expect sales and revenues to go down. Even the best performers feel the downward trend in premiums. According to Juan Andrade, executive vice-president for sales and distribution at The …

5 Risk Management Challenges for Public Entities in Today’s Economy

Local governments increased their commitment to risk management over the past decade, as they met the challenges posed by several major natural disaster and terrorism events. Better local government loss prevention, crisis management and risk communication resulted. We now face …

Human Services Agencies Can Benefit from Agent Advice, Especially in Challenging Economic Times

Custom Coverages and Loss Control Can Help Non-Profits Survive While today’s economic environment presents some challenges for many companies large and small, independent agents who understand and embrace those challenges can help solve problems for their clients and even create …

Agency Startups Defy A Hard Economy and Soft Market

The independent insurance agency system is enjoying a bit of resurgence. For years, the number of agencies in the country had been declining but that trend, while not reversed, has been halted. The number in 2008 was 37,500 — the …

5 Risk Management Challenges for Public Entities in Today’s Economy

Local governments increased their commitment to risk management over the past decade, as they met the challenges posed by several major natural disaster and terrorism events. Better local government loss prevention, crisis management and risk communication resulted. We now face …