Marine (Inland and Ocean) News

Stimulus Should Produce Some Benefits for P/C Insurance

Insurers, Brokers Anticipate Insuring Construction Projects Funded With $140 Billion Infrastructure Monies The property/casualty insurance industry should see some modest benefit from the $787 billion federal stimulus package — the American Recovery and Reinvestment Act of 2009 – which is …

People

Seacrest Partners Inc., a Savannah, Georgia-based insurance brokerage and employee benefits consulting firm, has named J. Cliff McCurry as vice chairman. McCurry will oversee business development activities for the agency. McCurry has been involved in the Savannah insurance and business …

Declarations

Tools to Intervene “The Texas insurance companies remain well-capitalized. … There has been no bankruptcy filing by the parent company. In the event of any changes in the status of the parent company, our state laws provide us with tools …

States Gear Up for Stimulus Package

Impact on Insurance Industry May be Minimal, Experts Say The $787 billion stimulus package passed by Congress looms as the largest mountain on the country’s newly changed economic landscape. But despite hope that the stimulus bill will jump-start spending, some …

Changing Demographics Offer a World of Opportunity for Enterprising Agents

Minorities Destined to Become Majority by Mid-Century Before the 21st century reaches the half-way mark, more than 50 percent of the population of the United States will be represented by a vast cultural mix of people considered to be “minorities,” …

Nevada Debates Cab Seat Belt Law

A Nevada Senate panel heard testimony recently on a bill to let police ticket cab passengers for not wearing seat belts, and also ticket cabbies who don’t ensure that children riding in their taxis are buckled up. SB145 would make …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Vacant Commercial Property Market Detail: Western Networked Insurance Services has an exclusive program for vacant …

A Look at the Transportation Insurance Industry

Industry Still Stalled in a Soft Market But Some Rate Increases on the Horizon Observers of the property and casualty insurance industry, who consider themselves gurus when it comes to predicting cyclical changes, find themselves in a state of perplexity …

Washington Considers Pay-As-You-Drive

Washington is the latest state that is considering implementing a pay-as-you-drive system, in which drivers would pay insurance premiums based in part on the miles driven per year. Senate Bill 5708, sponsored by Sen. Tracey Eide, D-Federal Way, provides that …

Budget-Friendly Ideas to Retain Your Top Performers

Career Development, Mentors and Flexible Schedules Help Keep A-Level Talent The current economy is causing many changes within the employment marketplace. Increased employee concerns and lowered morale are just a few reasons organizations should place greater focus on their retention …