Terrorism News

2006: Agents fight to keep their pay and insurers wise up to the future

The fight to save contingent commissions topped the minds of agents across the nation as a few select states drove public policy efforts to end their use by insurers. The industry grabbed hold of predictive modeling and analytical tools. In …

2006: Soft market offers up many new insurance products

E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically for property/casualty agents licensed less than three years. The newly licensed agents program provides a liability …

Top 10 Stories of the Year – East

From Maine to Virginia, agents and adjusters helped property owners dig out from damaging floods. High waters seemed to hit a new state every week. Meanwhile, these same agents had to worry about whether their income was at stake due …

Global warming represents watershed event for insurance industry

At various points in history — the Great Dust Bowl of the 1930s, urban riots of the 1960s, and terrorism today — watershed events or trends ushered in structural changes within the U.S. insurance industry. While entirely different in their …

Top 10 Stories of 2006

1. Unsettling Deals on Agent Compensation Agents battle to save contingent pay. 2.Flood Realities Water, water everywhere but not always coverage. 3. Political Climate Change Midterm elections promise new faces and fresh starts. 4. Don’t Go Near the Water Insurers …

New Markets

Accident Site and Public Response Nuts & Bolts: AIG Specialty Excess, an umbrella and excess casualty underwriting unit of the AIG Companies, announced the addition of Accident Site Advisor and PublicResponse to its excess liability insurance. The built-in enhancements, catering …

Global warming represents watershed event for insurance industry

At various points in history — the Great Dust Bowl of the 1930s, urban riots of the 1960s, and terrorism today — watershed events or trends ushered in structural changes within the U.S. insurance industry. While entirely different in their …

Private equity market increasingly bullish on insurance and E&S

Historically, the insurance sector has not been high on the list of preferred investments for private equity markets, but since 2001 interest in insurance and reinsurance has been on the rise, not only with private equity firms, but also with …

Rating commission also denies rate hikes for La. Citizens

10 No rule change for Allstate in La. 11 ID theft warning in Okla. AG cites scam targeting customers of Ketchum bank 11 Agents selling federal flood policies must have training Ark. reminds producers of their responsibilities under NFIP MARKET …

Global warming represents watershed event for insurance industry

At various points in history — the Great Dust Bowl of the 1930s, urban riots of the 1960s, and terrorism today — watershed events or trends ushered in structural changes within the U.S. insurance industry. While entirely different in their …