The insurance industry’s excess and surplus lines (E&S) sector has experienced a pronounced reversal of position in the last 20 years. Once considered a mere adjunct, a safety valve for risks that were too hard to cover in the standard …
Revenue growth, the quality of a book of business, the caliber of producers, strategic drivers and the overall level of client service — these are the typical considerations that affect an agency’s profitability and valuation. But one of the most …
Look around you. Take a long look at the folks in your agency or company. And then break out your calculator. What is the average age of your employees or colleagues? What percent of your firm’s workforce were already adults …
A lobbying group for the largest U.S. trucking companies is seeking a 68-mile-per-hour speed limit for newly manufactured big-rigs to reduce crashes and save lives. The goal is to cut “the number and severity of speed-related crashes,” said the American …
Connecticut Insurance Commissioner Susan Cogswell has warned independent agents in her state that they should expect to see legislation to restrict or wipe out their contingent commissions. She said that legislation should be expected in Connecticut because the state’s attorney …
Richfield, Ohio-based National Interstate Corp. recently announced that its principal insurance subsidiary National Interstate Insurance Co. has added a commercial vehicle product to its offering. The new product line, initially launched in Ohio, is designed to insure vehicles used by …
The Target Markets Program Administrators Association (TMPAA) awarded three member agencies the association’s Best Practice Designation at its recent Annual Summit in Tempe, Arizona. Receiving the Designation Awards at this years Summit were, Distinguished Programs, The Mattei Companies and Professional …
Workers’ Comp Kit is the first online cost-containment program that gives employers tools they can use to cut workers’ compensation costs as much as 20 percent to 50 percent, according to Amaxx Risk Solutions, Inc. WorkersCompKit.com helps organizations track their …
Niche insurance underwriter Britt/Paulk has opened a new office in Selbyville, Del. This new office will focus on underwriting the agency’s Timber Harvesting Program. The company also announced that three underwriters are joining the firm: George M. Pusey, branch manager; …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating of “a-” of South Korea’s Dongbu Insurance Company Limited with a stable outlook. “The ratings reflect Dongbu’s stable capitalization, consistent operating performance and …
