Closing Quote

Low Minimum Limits Unfairly Shift Financial Responsibility

For years, we’ve listened to those who beat the drum to maintain minimum liability insurance limits that have been in place for decades. They frame their viewpoint as pro-consumer, and on its surface, their message is an easy sell. After …

Tomorrow’s Talent Challenge

Imagine you are CEO of a company and nearly half the employees that make your company succeed will retire in just 15 years. This is a reality for many insurance industry CEOs. Talent shortage is a major, looming problem. Recent …

Sharing and Cyber for Small Biz Risks

If you write policies for small businesses, there are two big stories for 2015 that you should be tracking: the trajectory of the so-called “sharing economy” and the rise of cyber liability. In 2015, these two forces will have a …

Insurance as a Form of Capital

Your building is on fire!” Terrible words to hear late at night — or anytime for that matter. Without warning, a portion of your invested capital can disappear in a matter of minutes. Both private and public companies require capital …

Evolving Regulation and Its Impact on Insurers’ M&A Strategies

It appears that the insurance industry is having an easier time emerging from the financial crisis than entering the new regulatory environment, particularly as it relates to nonorganic growth. With increasingly healthy balance sheets, insurers face what may historically be …

Workers’ Compensation and the Affordable Care Act

The Affordable Care Act (ACA) has been the law of the land for less than a year and the buzz is far from beginning to quiet. The overall impact of the ACA on those citizens who did not have healthcare …

It’s Time to End Physician Dispensing in Workers’ Comp

There has been an ongoing debate around the merits of physician dispensing in workers’ compensation. Those in favor of allowing this indicate it increases patient compliance with treatment recommendations and is more convenient for the patient. Those opposed point to …

New Technology on Vehicles Is Working to Reduce Crashes

Autonomous or “driverless” cars generate a lot of media buzz because of the public’s fascination with new technology and what vehicles may be like in the future. Yet, there’s a revolution underway that is changing vehicles right now that has …

An Average Perspective on Insurance Profitability Cycles

Dr. Robert Hartwig, president of the Insurance Information Institute (III), is well known for his plentiful data on the insurance industry and chartist presentation style. His identification and aggregation of data is quite commendable. On several occasions, I have come …

Helping Clients Through Home Renovations

Home renovations are in high gear these days, thanks to low interest rates on second mortgages and bank loans. But, the construction process itself is typically fraught with anxiety, given longer-than-expected timeframes to complete projects and frequent cost overruns. Many …

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