Leonard Brevik News

2008: Top Stories of the Year

2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to hamper revenues in …

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 …

Strategies for Agents in a Recession

Despite soft market conditions and a downturn in the economy, it’s still a good time to be an agent, says Leonard Brevik, president and CEO of National Association of Professional Insurance Agents. “There are a lot of opportunities (for agents) …

During a Recession, Agents Tend to Fare Better Than Their Customers

Agents writing residential contractors feel recession first; manufacturing, retail segments follow 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 …

Agents Wish for More Stability, But Predict Soft Market Will Continue in 2008

Industry hopes for disaster solutions, federal terrorism insurance extension, regulation reform and more In 2007, buyers of insurance reaped in the rewards of a soft insurance market. But for agents and brokers the soft market meant lower premiums, lower commissions …

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 …

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 …

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 …

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 …

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 …