The private crop insurance industry is blasting a proposed restructuring in the crop insurance program it says would cut $4 billion — or $800 million a year — over the next five years. The proposal by the U.S. Department of …
“Price is what you pay. Value is what you get.”—Warren Buffet Agents, brokers and underwriters should heed Mr. Buffet’s advice and consider how they’re doing business. I’ll bet if I asked agents whether they are selling price or value, most …
Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and political dynamics would impact and …
Agents Take Note of New Errors and Omissions Exposures The current economic turmoil is wreaking havoc across the board. Businesses are downsizing or going out of business. Families are suffering from lost jobs and financial woes. The insurance industry has …
Specialty insurer Torus has appointed Alex Maza to oversee its U.S. Management Liability platform. Maza, who is based in New Jersey, will focus on building Torus’ offerings — which include D&O, Employment Practices, Fiduciary and Fidelity Liability products — for …
Germany’s Munich Re and Allianz halted all remaining insurance business in Iran as their national representative body said it backed international moves toward tougher sanctions against Tehran. Against a backdrop of rising political tensions, the world’s biggest reinsurer, Munich Re, …
Efforts to extend the Kyoto climate pact framework risk collapse in a setback to years of diplomatic bargains, as chances fade that the United States will join other rich nations in capping emissions. December’s U.N. climate conference in Denmark failed …
Georgia Governor Sonny Perdue has commended a state trucking association for donating to the state unit charged with investigating cargo theft. The Georgia Motor Trucking Association has donated $16,000 to the Georgia Bureau of Investigation’s Major Theft Unit. The MTU …
California Insurance Commissioner Steve Poizner has released a list of 50 companies doing business in the Iranian oil and natural gas, nuclear and defense sectors, and announced that as of March 31, 2010, no investments that an insurer holds in …
Toyota Motor Corp., the world’s most dominant and profitable automaker, was not accustomed to outsiders telling it what to do, let alone some obscure bureaucrat from the United States, whose own car industry was on taxpayer-funded life support. But in …
