Corporate risk managers report a serious and growing disconnect between themselves and their insurance brokers and carriers. At a time when U.S. companies are enhancing internal risk management capabilities and elevating risk management to a strategic priority, many brokers and …
The Michigan Supreme Court has ruled that the administration of Gov. Jennifer Granholm exceeded its authority when it banned the use of credit scoring by insurance companies in the state. The decision means insurers in Michigan can continue to use …
Reinsurance and $100 Million in New Capital Have Boosted P/C Carriers for Now But More Needed Florida’s property/casualty insurers appear to have adequate reinsurance and capital in place to withstand at least two major storms this season but their overall …
The Independent Insurance Agents of Texas has honored Corpus Christi, Texas, independent insurance agent Wallace C. (Wally) Goodman with the Drex Foreman Award; Landon Ogilvie, partner at Gans & Smith Agency in Longview, with the André P. Juneau Young Agent …
A Tremendous Asset “John Wortman has been a tremendous asset to Louisiana during our recovery from the catastrophic hurricanes of 2005. He came to Citizens in a time of great turmoil within the organization and worked tirelessly to set Citizens …
Insurance Brokers and Agents of the West’s (IBA West) education division, Insurance Skills Center (ISC), entered into an agreement with Cheryl L. Koch, president and CEO of Agency Management Resource Group, to manage ISC education and training programs. In her …
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. Oil & Gas Risks Market Detail: Towerstone Inc.’s energy practice has recently teamed with Hallmark …
West Virginians can bring bad faith lawsuits against insurance companies under the state’s human rights act, the state Supreme Court of Appeals has ruled. The ruling rejects the widely-held belief that the sole remedy for third-parties against insurers over bad …
After years of doing business exclusively though wholesale brokers, United States Liability Insurance Group (USLI) is expanding its distribution to work directly with retail insurance agencies. “We are expanding our distribution to include retailers on a selected basis,” Chairman, CEO …
Rising Taxes, Inflation Will Force Insurance Market to a ‘Déjà vu All Over Again’ The insurance industry has a long history for cyclical price adjusting, featuring long periods of marginal to inadequate premiums followed by relatively brief, startling and disruptive …
