Articles by Andrea Wells

Celebrity Value

Have you considered hiring a local celebrity to help promote your insurance organization? Would it be worth the cost and effort? Would it help consumers to remember your name? Some researchers think so but only if the celebrity is a …

Surplus Lines Tax Sharing Solution Still Up for Debate

Things have changed a bit for the surplus lines industry since the Non-admitted and Reinsurance Reform Act, (NRRA) part of the Dodd-Frank Wall Street reform legislation, passed in 2010. The NRRA’s implementation has provided more uniformity in the regulation and …

Disaster Mitigation: How Incentives Can Help

The frequency and cost of natural disasters in the United States has increased exponentially in the past two decades. The cost to property, life and the economy is pushing the issue to the top-of-minds for many in Washington, D.C., local …

Firing Fears

Injured workers who suffer from anxiety over fears of being fired exhibit poorer return-to-work outcomes than those that trust their employers not to fire them. Trust in the workplace is one of the more important predictors of workers’ comp outcomes, …

Look Beyond Salary

Many Americans who leave their jobs to improve their financial situation fail to consider their total compensation package when making the decision, according to a consumer survey. The survey by the National Association of Insurance Commissioners (NAIC) found that many …

Construction Renovation: Property Flips and Insurance

The number of U.S. single family home sales attributed to flipping is on the decline but that isn’t deterring investors. Despite the percentage of flipped homes shrinking to 3.7 percent of the total homes sold, the profits from flipping a …

A Quiet Revolution

Technology will not replace all agents and brokers but it will force agents, brokers and carriers to adjust how they handle consumers’ preferences. That’s according to the latest sigma study by Swiss Re, “Digital distribution in insurance: a quiet revolution.” …

First Line of Defense: Insuring Volunteer Fire Departments

When it comes to saving property and lives the nation’s volunteer firefighters are often the first line of defense. Volunteers make up a majority of the nation’s firefighters — some 69 percent of firefighters in the United States. Of the …

Stable, Attractive MGA Market, Now and in the Future: Conning Report

Managing general agents represent an important access point for insurers interested in specialty markets. It’s also a growing segment. That’s according to a new report by Conning, an investment management company for the insurance industry. The study – “Managing General …

‘Balance’ for Workers’ Comp

The workers’ compensation market is returning to a state of “balance.” That’s according to this year’s state of the industry address at NCCI’s annual symposium where analysts reported that the workers’ compensation combined ratio rang in at 101 in 2013, …