Articles by Andrea Wells

It’s a Buyers’ Market

Insurance buyers can expect to face friendly market conditions on most lines of insurance for the remainder of 2015 thanks to reduced catastrophe losses and a high supply of capital. But evolving threats from a range of risks — cyber …

Young Agents Survey: The Next Generation Steps Up

You can download the PDF of the Young Agents Survey Results for free, compliments of Foremost Insurance Group. The independent insurance agency system is getting older. So much so that the average age of a U.S. insurance agent today is …

Future Competition

Young agents, while generally happy with their career choice, temper their optimism with doses of reality about what lies ahead in terms of competition. Who can blame them? This issue of Insurance Journal features exclusive results from the 2015 Young …

Nonstandard Auto Insurance Market Is Not For Everybody

The nonstandard auto market is not for every carrier or agency. Since 2007, carriers writing nonstandard auto policies have reported deteriorating operating performance and many have struggled to maintain market share. But while some have been hurt by or lost …

More Miles, Less Cars

Driverless vehicles may reduce the number of vehicles a family needs, but may lead to an increase in total miles driven. Researchers at the University of Michigan Transportation Research Institute (UMTRI) examined U.S. National Household Travel Survey data that contained …

How the ACA, Cyber and Benefits Impact Substance Abuse Treatment Facilities

The Affordable Care Act (ACA) led to an expansion in healthcare coverage for drug and alcohol addiction treatment in 2014 but that hasn’t led to much growth in the insurance market for this sector — yet. That’s according to a …

Why Are Agency Employees Unhappy?

Agency employees are not happy when it comes to compensation, and money isn’t the problem. Despite increases in salaries and total compensation, many employees continue to be unsatisfied when it comes to overall compensation, according to Insurance Journal‘s annual Agency …

Paying Tribute

The industry saw the passing of two of its best known and respected leaders in the past month: Liam McGee, former CEO and executive chairman at The Hartford, and Robert Benmosche, former CEO of MetLife and American International Group. Both …

New Hires in 2015

About two-thirds of insurance carriers expect to hire more employees this year, a new survey finds. According to the semi-annual U.S. Insurance Labor Outlook Study conducted by The Jacobson Group and Ward Group, 66 percent of all insurance companies intend …

What’s Driving Nonstandard Auto – Technology, Consolidation, Population Changes, Fuel Specialty, Opportunity

The nonstandard auto market is characterized by substandard operating performance. Since 2007, carriers writing nonstandard auto policies have reported deteriorating operating performance and many are struggling to maintain market share. But that hasn’t stopped interest in this large – and …