National Section

Employment Growth Leads to Workers’ Comp Benefit, Cost Uptick

Workers’ compensation benefits rose by 1.3 percent to $61.9 billion in 2012, while employer costs rose by 6.9 percent to $83.2 billion, according to a report released last month by the National Academy of Social Insurance (the Academy). “This growth …

Insurance Experts: Does It Really Take One to Know One?

When an insurance agent is sued for professional negligence, a question arises as to whether the breach of the agent’s duty of care requires the testimony of another insurance agent or broker who testifies that the agent breached the professional …

A.M. Best Downgrades Tower Group Again

Tower Group International must deal with more ratings downgrades from A.M. Best, spurred by its soaring net losses and uncertainty over whether it can carry its debts through an intended merger with ACP Re. A.M. Best said its revised ratings …

Take Time to Minimize Your Exposure to E&O Claims

During my more than 20-year career in the insurance industry, I have spent hours working with my colleagues to prevent hard-earned, front-end revenues from leaking out the back door due to errors and omissions. When a claim is denied, we …

Young Male vs. Young Female

When it comes to car crashes there’s a link to one’s gender – at least if you’re young. Gender is often related to what type of severe or fatal crash a young male or young female driver will be involved …

E&O Insights: Managing Disasters from an E&O Perspective

If your agency is looking to manage disasters and catastrophes from an errors and omissions (E&O) perspective, could performing account reviews for your clients be just the answer? Absolutely. As many agencies discovered, account reviews are a tremendous tool that …

Marijuana and Workers’ Comp

There are some who believe medical marijuana and the workplace are a potent mix just waiting to be stirred as increasingly more states approve the herb and its derivatives for medicinal use. Not only are states approving the use of …

Surplus Carriers Search for Growth Never Ends

In 2013, net income more than doubled from the $1.57 billion reported in 2012, according to the “2013 U.S. Surplus Lines Market Review” published by A.M. Best. Not resting on their laurels, surplus lines carriers are continuing to target traditional …

Coverholders Playing Greater Role in Lloyd’s Global Expansion

Lloyd’s of London began and remains a specialized market (not an insurance company). It accepts risks that are too large, or too complex, or both, that do not lend themselves to coverage through more “normal channels.” Each policy resembles a …

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. Restaurants Market Detail: Insurance Noodle ‘s platform carriers offer comprehensive property and liability coverage for a broad scope of restaurant risks. …

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