National Section

How Brokers Use Big Data

‘Data enables us to be customer-centric, enhancing the customer experience by personalizing every touch point specific to that customer. We are able to discern behavior patterns, build behavioral models based on customer profiles, and leverage consumer touch points to help …

My New Markets

My New Markets is brought to you by Insurance Journal’s sister website: www.mynewmarkets.com Need a Market? Find it. FAST. Miscellaneous E&O Program Market Detail: Professional Liability Insurance Services Inc.‘s SBE miscellaneous E&O program features a claims-made and reported form for …

P/C Direct Premium Written Up 5.2% in First-Half of 2014

Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2013, nearly $545 billion of DPW was reported, a record high for the industry. For 2013, total DPW for all P/C insurers aggregately increased 4.1 …

Hands-Free Distraction

As the city in which I reside – Austin, Texas – gets ready for a new law to come into effect on Jan. 1, 2015, banning the use of hand-held cell phones while driving, I have been contemplating an investment …

Exposure Analysis Checklists in Commercial Lines

For the last 25-plus years, the No. 1 cause of errors and omissions (E&O) claims has been “failure to provide the proper coverage.” In 2013, many E&O carriers reported that this accounted for more than half of their E&O claims. …

Is Ebola Compensable Under Workers’ Compensation?

Two tests must be satisfied before an illness or disease can be considered occupational and thus compensable under workers’ compensation. First, the illness or disease must be “occupational,” meaning that it arose out of the course and scope of employment. …

Business Moves

Risk Strategies, DeWitt Stern, Crow Friedman Risk Strategies Co., an insurance brokerage and risk management firm based in Boston, and DeWitt Stern, a brokerage and risk advisory firm based in New York City, announced their merger. The combined organization will …

Top 30 Private Auto Insurers: SNL

CSAA Insurance Exchange, which sells private auto insurance to AAA members in about 25 states, experienced double-digit year-over-year growth in personal auto business, far outpacing other top writers in the second quarter, a new analysis by SNL Financial shows. SNL …

Big Data: It Isn’t Just for Carriers

This is the era of big data and while it’s no surprise that insurance carriers are big players, the fact is that agents and brokers of all sizes also have a growing stake in big data. While the insurance industry …

Declarations

Insurance Scams “Sadly, senior citizens are among our most vulnerable targets for insurance and financial fraud.” —New Jersey Dept. of Banking and Insurance Commissioner Ken Kobylowski’s comment during a consumer awareness meeting with senior citizens in Sayreville, N.J., on Oct. …

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