Articles by Andrea Wells

‘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 …

How Technology Training Addresses Agency E&O, Data Security

Employees at Little Rock, Ark.-based Stephens Insurance have had a front-row seat in the development of agency technology that works the way they do. The agency is a Vertafore Agency of the Year, recognized for working closely with Vertafore’s developers, …

Private Insurers Ready to Plunge into Flood Market

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 will be a good thing not only for private flood insurers …

Many Homeowners Don’t Understand Deductibles

Almost five years after Superstorm Sandy, one third of homeowners in several coastal states are still unaware of hurricane deductibles and how they work, new insurance research has found. Not only did 33 percent of respondents say they had never …

As Agents’ Needs Change and Startups Emerge, Big ‘I’ Looks to Remain Relevant

Spencer Houldin is chairman of the nation’s largest and oldest agents’ association, the Independent Insurance Agents and Brokers of America (Big “I”). He is also co-president of the family-run Ericson Insurance Advisors, an 80-year old agency serving the greater New …

Tech Targets Construction Risk Management

Water sensors that detect leaks before a lot of damage is done, wearables that track workers’ whereabouts and video cameras that monitor sites — the building industry is gradually adopting these and other technologies to help it improve safety and …

Work Comp Income Benefits Fall Short

Adequacy of income benefits is one of the long-standing concerns about the performance of workers’ compensation systems. However, there is little known about whether income benefits (also called wage-loss or indemnity benefits) provide adequate financial support for injured workers. According …

Workers’ Compensation Income Benefits Fall Short for Injured Workers: WCRI

Adequacy of income benefits is one of the long-standing concerns about the performance of workers’ compensation systems. However, there is little known about whether income benefits (also called wage-loss or indemnity benefits) provide adequate financial support for injured workers. According …

Moral Character Is More Than Just Good Deeds

People may instinctively know right from wrong, but determining if someone has good moral character is not a black and white endeavor. According to new research by University of California Berkeley-Haas School of Business. Prof. Clayton Critcher, people evaluate others’ …

Wholesale Associations NAPSLO, AAMGA Merging to Form WSIA

Things are moving forward for a new insurance industry trade association for the wholesale, specialty and surplus lines insurance industry. The new Wholesale and Specialty Insurance Association (WSIA) is being formed by the proposed merger of the National Association of …