In the early 1960s, life in the United States was lived at a slower pace. Transportation and communication required more time (and patience) and employees were more inclined to trust employers on issues relating to employee benefits. Yet, it was …
Regardless of whether George W. Bush is re-elected or John Kerry moves into the White House, the property/casualty insurance industry appears to have a good chance of getting its wishes when it comes to extending the federal Terrorism Risk Insurance …
Here are some questions agents should ask to determine territorial quality: 1. When was the last time territorial definitions were changed? Not every individual territory needs to change every year, but state demographics are changing frequently enough that companies should …
Inaccurate Territories and Assignments Hurt Consumers, Agents and Companies Territories offer tremendous opportunities for insurance companies to better segment their book of business, but private passenger auto and homeowners insurance companies, in general, are not using territories as effectively as …
Nuts & Bolts: ACE USA enhanced its disaster mortgage protection program by adding coverage for condominiums and multi-family dwellings through its ACE select markets division. ACE select markets provide specialty personal lines products, which are distributed through large specialty agents, …
Nuts & Bolts: Seattle, Wash.-based Mattei Companies is offering a new market for commercial agribusiness. The program has now expanded into 30 states targeting operations after the product has left the fields, such as storage, packers, processors and suppliers, for …
Nuts & Bolts: The Mattei Cos. is offering a new market for wholesale distributors. Targeted accounts include distributors of beer, wine, soft drinks, water, paper, grocery and auto parts. Coverage includes property, general liability, auto, inland marine, crime and umbrella. …
Nuts & Bolts: NIF Weather Risk Management, a division of NIF Group Inc. of Manhasset, N.Y., introduced a new series of financial weather products for companies and municipalities in all 50 states. The coverage is priced based on deviations from …
Nuts & Bolts: INAMAR, the marine marketing and underwriting division of ACE USA, launched a new insurance program designed exclusively for the owners of personal watercraft. The INAMAR PWC program is available to all agencies appointed by ACE for recreational …
Nuts & Bolts: Venture Programs Inc. added a restaurant package through Alea North America Ins. Co. to its Venture Hospitality program. The restaurant package includes property, general liability, liquor liability, automobile, inland marine and crime. Restaurants insured through Venture Hospitality …
