Economy News

Making Hartford shine again as insurance capital

While other states from Minnesota to New Hampshire compete to attract the insurance sector by lowering premium taxes and extending incentives, Connecticut thinks it has the best offer: an unmatched talent pool of insurance managers, underwriters and actuaries. Connecticut government, …

Re-Conn.-ecting state’s residents with pride as insurance capital

In August, a dozen Connecticut insurance companies and associations launched a non-profit coalition to reconnect the state’s own residents with its sizable insurance industry. Insure Connecticut’s Future hopes that its efforts — from newspaper advertising to a new website, www.bestpolicy4CT.com …

Declarations

Economic outlook “The challenge for both the Federal Reserve Board and the U.S. economy is that this period of sub-par growth is likely to have little impact on inflation and short-term interest rates.” Gail D. Fosler, executive vice president and …

Why agents oppose contingent commission settlements

Imagine for a moment a state legislator introducing a bill that made it illegal for businesses to pay year-end bonuses to their sales forces. Then imagine that this piece of legislation also made it mandatory that all businesses provide written …

An Avian Flu Pandemic: Much ado about nothing?

It’s reasonable to assume that an avian flu pandemic could take flight in the near future, and companies need to prepare a response, according to Rick Casse, former director of business continuity planning for Gap Inc. Keeping that in mind, …

Making Hartford shine again as insurance capital

While other states from Minnesota to New Hampshire compete to attract the insurance sector by lowering premium taxes and extending incentives, Connecticut thinks it has the best offer: an unmatched talent pool of insurance managers, underwriters and actuaries. Connecticut government, …

Flying solo now, former Zurich executive ‘gooses ‘ N.C. agents

A retired insurance industry executive turned turbo-charged motivational speaker told a group of independent insurance agents that they are the greediest people he has ever met. Ray Thomas, a former Zurich North America Small Business CEO, meant his remark as …

R.I. candidates spar

Rhode Island Gov. Don Carcieri, Republican, and his challenger Lt. Gov. Charles Fogarty, Democrat, traded bars over taxes, jobs and Beacon Mutual Insurance Co., the state’s dominant workers’ compensation insurer, during a recent debate. Beacon Mutual has been accused of …

Why agents oppose contingent commission settlements

Imagine for a moment a state legislator introducing a bill that made it illegal for businesses to pay year-end bonuses to their sales forces. Then imagine that this piece of legislation also made it mandatory that all businesses provide written …

Market your business skills to clients and prospects

Insurance agents are a very talented bunch. Over the years, many have fine-tuned the entrepreneurial skills needed to grow their businesses while competing and surviving in an often cutthroat sales environment. Firms in many other fields also deal with these …