In sports, the best offense is a great defense, right? When it comes to preventing errors and omissions claims defensive measures are also the best offense in protecting an insurance agency. Defensive strategies, or risk management practices, that can give …
As Democratic presidential candidate Barack Obama comes down the homestretch leading Republican rival John McCain, corporate America is bracing for what lies beyond the finish line. After the election Tuesday, major changes look likely for many sectors of the U.S. …
The insurance industry has unveiled results of a report finding that the North Carolina Insurance Underwriting Association, a.k.a. the Beach Plan, is not financially prepared to weather a major storm. According to the report, the Beach Plan has no more …
Huge Problem “Auto theft along the Texas/Mexico border is a huge problem and we welcome any crime prevention program that could help put a stop to this illegal activity.” —Charles Caldwell, interim director for the Texas Automobile Burglary and Theft …
Despite the challenges faced by the state of Louisiana since Hurricanes Katrina and Rita wrought their havoc in 2005, there are bright spots in the state’s property casualty insurance industry, says Louisiana Commissioner of Insurance Jim Donelon. The workers’ compensation …
Is the Savings Worth Sacrificing Your Business? There have been significant changes in the insurance marketplace recently, as prices are down and carrier competition is fierce. Independent insurance agents may be shopping policies to seek the best rates for their …
D&O Insurance Marketplace Entering a Transitional Phase The growing wave of subprime-related litigation is among the many side effects of the subprime mortgage meltdown. The litigation wave has changed, too, as the subprime crisis evolved during the past two years …
Are You an Insurance Professional or an Insurance Hack? Editor’s Note: The following commentary was originally published on InsuranceJournal.com. The Letter to the Editor, on page N41, is in response to this commentary. American International Group’s meltdown may serve at …
Property Premiums Fall Sharply; P/C Insurers Post Q3 Losses; Some Sell Stock to Raise Cash for Surplus Woes More lawsuits and firmer rates for directors and officers liability coverage are almost certainly ahead as a result of the global financial …
The five-year period spanning from 2003-2007 served the homeowners insurance line favorably after the dismal 20-year period that preceded it, and return on surplus for the line averaged an estimated 11 percent for those five years. But while returns relative …
