March 9, 2009
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 …
February 22, 2009
Siren Song “The fire department is going to be mad at me.” —A sang phrase recorded by Amanda Gessner, 19, in a Drexel Hill, Pa. convenience store surveillance camera – which led to her arrest for arson charges. Police say …
February 22, 2009
At New York Forum, Industry Insiders Credit Risk Management for Minimizing Recession’s Impact To many, the insurance world seems to operate on its own theory of physics. And to the hundreds of high-powered industry execs who gathered on the third …
February 22, 2009
Agency Salary Survey: Agencies Trim Payrolls and Raises Independent insurance agencies remain reliable employers even in these rocky economic times, but even they have to cut back occasionally. Whether due to efficiencies from technology, the lingering soft market, the continuing …
February 19, 2009
To many, the insurance world seems to operate on its own theory of physics. And to the hundreds of high-powered industry execs who gathered on the third floor of the Waldorf-Astoria in New York earlier this year, there is a …
February 9, 2009
In a newly issued research report – “P/C Industry’s Profits Plunge; Insurers Poised for Turnaround ” – A.M. Best Co. states: “Declining underwriting results and weak investment markets have brought property/casualty insurers to a critical point where future profitability depends …
January 11, 2009
For the moment the economic recession is driving the global stagecoach, while climate change is riding shotgun, but it’s not as bad as it could be. Reports from Europe point to the fact that the P/C industry’s exposure to the …
January 5, 2009
Ask agents and executives in the insurance industry about the new year and they’ll say they expect that the market will harden, at least slightly. In fact, 73 percent of agents predict prices will firm, according to a new Insurance …
December 21, 2008
Agents Wish for Firmer Pricing, Higher Commissions, Solid Client Retention, Unity on Legislation Ask agents and executives in the insurance industry about the coming year and they’ll say they expect that the market will harden, at least slightly. In fact, …
December 3, 2008
Despite the challenges faced by the state of Louisiana since Hurricanes Katrina and Rita wrought their havoc in 2005, there are bright spots in the state’s property casualty insurance industry, says Louisiana Commissioner of Insurance Jim Donelon. The workers’ compensation …