Economy News

Southeast Agents Fear Recession as Construction Woes Continue

Southeast insurance agents do not all agree the economy is in a recession or on the causes of the slumping economy, but they do agree the dominoes are in place that could trigger a serious economic chain reaction. Roger Gibson, …

Agents in the East Find Recession Hurts Others More

Insurance agents across New England and the Mid-Atlantic are worried about how their customers and they will fare as the region’s economy continues to slow. “An agent’s business is a direct reflection of his clients’ business, so if clients are …

Agents and the Recession: Agents Tend to Fare Better Than Their Customers

Main Street independent insurance agents could take a bigger hit than their larger counterparts as an economic recession lands on top of the soft market. The soft market coinciding with a bad economy is a real challenge for independent property/casualty …

In Midwest, Recession Makes Soft Market Even Tougher

When it comes to dealing with a recession, independent agents in Michigan carry the dubious distinction of having more experience than their counterparts in other Midwestern states. Michigan has been knee deep in a recession for at least the last …

Recession, Soft Market Forcing Western Agents to Refocus

Whether the nation is in a true recession may still be up for debate, but it’s difficult to ignore the signs of economic slowdown throughout the West — and its effect on the insurance industry. New home construction is grinding …

Soft Market’s Effect on Premium Volume Doesn’t Have to Hinder Revenue

Soft market’s effect on premium volume doesn’t have to hinder revenue Premium volume may be down for independent agencies across the country but that doesn’t mean agency revenue is down for some of the nation’s top performing agencies. Diversifying an …

World’s Weather as a Deranged Pinball Machine?

The 10th edition of the European Insurance Forum (EIF), held at Dublin’s Four Seasons Hotel and sponsored by the Dublin Insurance & Management Association (DIMA) April 7-8, focused on some major issues of worldwide concern, as well as the state …

White Papers and Blueprints: Agents Chart Their Own Regulatory Future

Independent agents hold onto market share, prepare for post-November election politics Insurance Journal‘s Editor-in-Chief Andrea Wells interviewed Robert Rusbuldt, CEO and president of the Independent Insurance Agents and Brokers of America (the Big “I”), at the Big “I” Legislative Conference …

Health Care Market May Be Safer to Operate In

Tort reform, soft market, drive down claims frequency in health care facility liability market Health care facility professional liability has faced new challenges due to recent tort reform efforts, the soft market and a changing perception of how hospitals, the …

Connecticut Supreme Court Allows State’s Damages Suit Against Marsh

Connecticut Attorney General Richard Blumenthal can attempt to recover damages from insurance broker Marsh & McLennan Inc. for harming the economy of the entire state, the state’s Supreme Court ruled. The ruling stems from a still-pending 2005 suit against Marsh …