Credit-based insurance scoring is a reliable, though often misunderstood underwriting tool that helps insurers accurately match the price of their products to the level of risk posed by any given customer. It is nonprejudicial and completely objective in its application. …
To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has every heaped upon the consumer. Insurance companies, consumer advocates and regulators just cannot seem to agree about …
In the tale of “Alice in Wonderland,” little Alice heedlessly follows the white rabbit into the rabbit hole and falls ever so long before landing upon a heap of sticks and dry leaves. Jumping up and looking around, she finds: …
This week’s cover of Insurance Journal tells a gruesome tale, if not an unexpected one: the nation’s property-casualty insurance industry suffered its first-ever net loss for a full year in 2001. There was another “Worst Year Ever” before this one, …
I must admit that I do some of my best thinking at intersections. One thing that often enters my mind is are we relying too much on machines and gadgets to dictate our day-to-day operations? Try calling most businesses these …
This spring, agents and brokers will convene at two unique conferences. The first, IBA West’s 16th Annual Blue Ribbon Conference, will be held in Kona, Hawaii May 5-9. The focus of the conference comes to play in the executive panel, …
With the “Real World Solutions” theme, the annual ACORD Conference will take place May 19-21 at Walt Disney World’s Dolphin Resort in Orlando, Fla. The theme will focus on the role of standards for insurance and reinsurance corporate business strategies, …
When the market is soft, the insurance industry speculates how long it will be until it turns hard… similarly, when it is hard, everyone speculates how long it will be until it turns soft. Insurance Journal pulled out the crystal …
There’s a saying in business, “Companies don’t go broke during bad times; they go broke during good times.” The truth of that saying was borne out recently when the California personal auto marketplace went from boom to bust in what …
Two well-known insurance companies have walked away the inaugural winners of the Roger L. Smith Excellence in Education Award from the Insurance Education Association (IEA). Marsh and Farmers were named the winners of the award, which honors the past president …
