National Section

Planning for Uncertainty

The traditional business plan includes short-term and long-term goals and projections. But, how do you plan when you can’t guess what will happen? Some things are shifting faster than you can keep up with or are changing based on politics. …

Business Moves

Integro, Daugherty Insurance Services, Lugo & Associates Insurance brokerage and risk management firm Integro has acquired Stockton, Calif.-based Daugherty Insurance Services, a retail broker. Details of the deal were not disclosed. Scott Daugherty will remain in his leadership role at …

P/C Insurers’ Profit Dipped in Q1

Private U.S. property/casualty insurers’ net income after taxes fell to $13.8 billion in first-quarter 2014 from $14.3 billion in first-quarter 2013. Insurers’ pretax operating income – the sum of net gains or losses on underwriting, net investment income, and miscellaneous …

Insurance Trade Agreements Are Good for Consumers and Markets

You can be sure critics are already getting ready to pounce on a preliminary draft of the financial services section of the Trade in Services Agreement (TiSA), invoking the usual rhetoric about the evils of global trade liberalization. TiSA is …

Climate Change Bottom-Line Talk Grows, S&P Director Says

Companies and governments worldwide are changing their behaviors and examining their risks in the face of climate change, a managing director for Standard & Poor’s said, holding up the insurance industry as a good example of how to adapt to …

Staffing for Your Organization’s Term Projects

Natural disasters are unforeseen and unpredictable: an unexpected hurricane that devastates a coastal area, a tornado that cuts across a city leaving broken buildings and homes in its path, a wildfire that sweeps across states, or a flood that destroys …

Uber, Lyft, Sidecar Toe-to-Toe With Insurers State-by-State

The share-and-share-alike attitude considered a virtue by some has become fighting words between ridesharing companies and the insurance industry. “We try not to make it a battle,” says Robert Passmore, senior director of personal lines for the Property Casualty Insurers …

Business Moves

Arthur J. Gallagher, The Plus Cos., Tri-State General Arthur J. Gallagher & Co. has acquired The Plus Cos. Inc. (TPC) in Bridgewater, N.J. Terms were not disclosed. Established in 1985, TPC is a managing general agent and program manager that …

How New Capital is Changing P/C and What To Do About It

As waves of capital reshape reinsurer’s business model, the property/casualty (P/C) insurance industry needs to change, although how remains a matter of debate. Reinsurers face a growing threat from the capital markets — hedge funds, pensions and others that have …

The Strange Case of the Use and Abuse of Insurance Ratings

Ratings, and rating agencies, occupy a contradictory place in many markets – not least in commercial lines insurance and reinsurance. They are very heavily relied on by both buyers and brokers, yet subject to a great deal of cynicism. However, …

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