National Section

The Value of Hurricane Forecasts

While state of the art of hurricane forecasting has improved over the last two decades, coastal exposures and populations at risk have also increased, offsetting those gains. Given the importance of forecasts to the insurance and financial industries, it is …

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. Rental Propery Market Detail: US Assure‘s rental dwelling product is available for well-maintained one to four family unit dwellings, including their …

Declarations

Treatment Options “I don’t think in Colorado we spend nearly enough on treatment.”  —Sen. Michael Merrifield, D-Colorado Springs, applauded additions, such as treatment instead of jail, to a felony DUI bill to make a fourth DUI a felony punishable by …

Incoming President Ware Talks About Canadian Expansion & Why AAMGA Is More Than MGAs

The American Association of Managing General Agents (AAMGA) expanded its membership again in 2015 with the addition of eight new organizations, all based in Canada. The Canadian organizations sought to become part of the AAMGA in an effort to access …

P/C Insurers Post Underwriting Profit, Record Surplus for 2014

The U.S. property/casualty insurance industry posted its second consecutive year of profitable underwriting results in 2014, according to A.M. Best. Surplus for this sector increased by $21.9 billion and reached another record level at year-end 2014. The Best’s Special Report, …

What Risk Managers Expect from Their Insurance Brokers: RIMS

A broker who does not fully understand a client’s business or lacks direct links with insurers may not only fall short in advising on coverage, but can cause headaches on all sides of the insurance relationship, according to an attorney …

Interpersonal Relationships Promote Your Agency’s Growth

Relationships are the currency of commerce. Without them, no one buys or sells anything. These interactions might involve interfaces or individuals – but the end result is always the same … a product or service and money (or barter) changes …

Offering Value Added Services

Insurance producers sell roughly the same product as their competitor. The competitive edge often touted by producers is that their firm “has the best service” or “this policy has broader coverage” or some other generalization. Price is handled by adjusting …

GEICO to Raise Auto Insurance Premiums

GEICO, which “everybody knows” saves drivers 15 percent on auto insurance, said it will raise its auto premiums after underwriting results declined in the first quarter. The giant direct writer said its underwriting profit for the first quarter was $160 …

Business Moves

Orchid Underwriters, Coastal Agents Alliance Orchid Underwriters Agency LLC, a Vero Beach, Fla.-based program administrator and wholesale broker of excess & surplus (E&S) insurance focusing on coastal properties, has acquired Coastal Agents Alliance, a managing general agent (MGA) in West …

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