Economy News

1 in 8 Hawaii Drivers Uninsured, More to Come

One out of eight Hawaii drivers is uninsured, and a new study says that is likely to increase as the economy crumbles. The study by the Insurance Research Council looks at data from 2007 of claims filed against uninsured drivers …

Ratings: Hannover Re, Scottish Re, NTI, Korean Re, Southern Rock, Ecclesiastical/Ansvar

A.M. Best Co. has commented that the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of German reinsurer Hannover Rueckversicherung AG (Hannover Re) remain unchanged following the company’s announcement of an agreement to acquire …

Study: Recession Pressuring Middle Market to Value Price Over Service

As the U.S. economic slowdown deepens, middle-market companies are reassessing their relationships with insurance brokers and adopting a more bottom-line approach to securing insurance coverage. Historically, middle-market companies have selected their insurance brokers largely based on the quality of customer …

Old Insurance Inspection Photos Make Meaningful Gifts

Are you ready for a quick excursion down memory lane? It’s a short trip, so there’s no need to fire up the old DeSoto. Instead, just walk over to your nearest filing cabinet and dig deep into your oldest commercial …

Customer Retention Should Be Priority No. 1 for Agency Managers

In this economy, there are many things that agents should be looking at in terms of how they manage their agencies, but what should be the top priority? Juan Andrade is executive vice-president for sales and distribution at The Hartford. …

The Invisible Hard Market

The events of the past six months — and those of the past several years — are some of the most dramatic in the history of financial services and risk management. From Sept. 11, to the 2005 hurricanes, to the …

North Dakota Could Back Tougher Teen Driving Laws

North Dakota lawmakers strongly support toughening state laws that govern teenage drivers, and many favor raising the state’s 14-year-old minimum driving age, an Associated Press survey shows. Insurance Commissioner Adam Hamm, state Rep. Ed Gruchalla, D-Fargo, and a group that …

People

The Insurance Marketing and Communications Association named Richard Look president. He is a marketing communications veteran with agency and insurance company experience, and currently serves as vice president of marketing communications for Inventure Inc., a privately owned insurance services company …

People

The Insurance Marketing and Communications Association named Richard Look president. He is a marketing communications veteran with agency and insurance company experience, and currently serves as vice president of marketing communications for Inventure Inc., a privately owned insurance services company …

Customer Retention Should Be Priority No. 1 for Agency Managers

In this economy, there are many things that agents should be looking at in terms of how they manage their agencies, but what should be the top priority? Juan Andrade is executive vice-president for sales and distribution at The Hartford. …