National Section

Diversity and Youth: The Independent Agency System’s Challenge and Opportunity

Like many of my peers, I grew up in family-owned independent insurance agency and sort of inherited the insurance bug. Unlike most of my peers, our family’s agency is minority-owned and I’m younger than 40. The majority of independent insurance …

Shareholders Sue in 94 Percent of M&As; 75 Percent Settle Before Closing: Cornerstone Research

Shareholders challenged more than 94 percent of U.S. merger and acquisition deals valued over $100 million in 2013, according to a new M&A report by Cornerstone Research. Deals worth $100 million or more attracted an average of five lawsuits, with …

E&O Insights: How Errors & Omissions Liability Policies Respond When Buying or Selling an Agency

It’s rare to read an industry magazine or attend an industry conference without the topic of mergers and acquisitions coming up. The issues addressed typically include the cost of acquisitions, tax implications, systems matters, when a consultant is needed and …

Agency M&A in 2013 Reverted to Norm After Busy 2012: OPTIS Partners

Mergers and acquisitions of insurance agencies fell in 2013, with 248 reported transactions in the United States and Canada, according to a new semi-annual survey by OPTIS Partners, an investment banking and financial consulting firm specializing in the insurance industry. …

Environmental Exposure: Flood Risk in the Oil & Gas Industry

There has been much discussion regarding the increasing frequency and intensity of storms around the world. While both underwriters and insurance buyers are concerned with exposure to potential catastrophic losses from these storms, the focus has been on property damage …

Young Agents Survey – Why They Chose Insurance

The call to become an insurance agent is different for everyone. For Matthew Ostrow the call to become an independent agent came via social media. Thirty-year old Ostrow entered insurance just five months ago after a recruiting firm contacted him …

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. Workers’ Compensation Market Detail: StateFund First is an approved Access Partner for the California State Compensation Insurance Fund. No fees and …

Ten things to know about environmental liability

The market for environmental insurance products remains fluid and highly competitive. Although some carriers raised rates, aggressive pricing and terms are still prevalent. Pricing expectations are flat to 10 percent lower than in 2012. (Marsh, Jan. 2014) Virtually all markets …

Managing Time is Imperative

Time is the only resource we cannot recreate, but how can you optimize being “in control of time” rather than being “controlled by it?” People tend to number their days when they are dying. A woman named Wendy who worked …

Ten Things to Know about High Risk Property

Winter storms caused $2 billion in insured losses in 2013, up dramatically from $38 million in 2012, according to reports from Munich Re. From 1993 to 2012, winter storms resulted in about $28 billion in insured catastrophe losses (in 2012 …

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