Articles by Andrea Wells

Co-Worker Embezzlers

Nearly 25 percent of employee thefts involve large-scale losses of more than $1 million and 29 percent are carried out over five or more years. That’s according to a study on embezzlement by specialist insurer Hiscox. High-loss cases often result …

Brokers Keep Trucking Market Motoring Despite Insurer Exits

Trucking serves as a barometer of the U.S. economy, representing 70.6 percent of all domestic freight transportation tonnage and $676 billion, or 79.8 percent,of transportation revenues in the country. Despite the sector’s size, for many trucking firms, it’s a rough …

Harvey Hits Home

As a native Texan, my heart hurts for the thousands of people and business owners affected by Hurricane Harvey. Family, friends and business associates in the Lonestar State will be dealing with the aftermath for years to come. And so …

Brokers Bucking Disruption: How Wholesalers Hang On Through Change

As long as there is an insurance industry, wholesaler brokers believe they will have a role to play. “We will continue to be an important sector – a small sector – but still a very important sector of how insurance …

How Risks Change When Recreation Turns to Adventure

Vacationers and tourists are no longer content to sit and relax; they want adventure. The global adventure tourism market is forecast to grow by as much as 46 percent by 2020, according to the Global Adventure Tourism Market 2016-2020 report …

As Congress Eyes Flood Insurance Renewal, Private Markets Get Ready

Unleashing the invisible hand that has been missing from the flood insurance market for nearly 50 years is no easy task. But private flood insurance experts say the change would be a good thing not only for private flood insurers …

Congratulations Top Agencies

This year marks the 13th annual publication of Insurance Journal’s Top 100 Agencies special report. This year’s Top 100 welcomes eight newcomers and returning agencies: Poms & Associates; Ascension Insurance Inc.; Shepherd Insurance; Baldwin Risk Partners; JGS Insurance; HomeServices Insurance; …

‘Specialize and Diversify,’ Industry Veteran Markel Tells Super Regional Insurers

Insurance is a very simple business. “You take in some money, you spend some money and you lose some money, and God willing, you have some left at the end of the day,” according to Anthony (Tony) Markel, vice chairman …

Risks Multiply When Recreation Turns to Adventure

Vacationers and tourists are no longer content to sit and relax; they want adventure. The global adventure tourism market is forecast to grow by as much as 46 percent by 2020, according to the Global Adventure Tourism Market 2016-2020 report …

Marijuana Dispensaries and Crime

A new study published in the July issue of the Journal of Urban Economics finds that contrary to popular belief, medical marijuana dispensaries (MMDs) reduce crime in their immediate areas. In the study, “Going to pot? The impact of dispensary …