Monthly Archives: <span>December 2007</span>

Conn. Private Coastal Insurance Market Works, Say Commissioner and Insurers

Acknowledging the ongoing concern over coastal property insurance in his state, Connecticut Insurance Commissioner Thomas Sullivan maintained that the state’s coastal property insurance market is in pretty good shape with more than 100 insurers still writing in the state, even …

Valiant Insurance Names Davenport as V.P. of Finance

Stephanie R. Davenport has joined Valiant Insurance Group, Inc. in New York as vice president of finance. Davenport will be responsible for financial control processes as well as management of high-profile and complex client issues, according to John DiBlanda, chief …

Lloyd’s Offers ‘Grinch’ Coverage

After 319 years in the business, Lloyd’s has probably insured just about everything. So it’s not surprising that this Christmas the venerable institution is offering “the first and only insurance policy in the world to families in the event that …

West Va.’s BrickStreet Sued Over Agent Commissions

Two companies are suing West Virginia’s workers’ compensation writer BrickStreet Mutual Insurance Co. over agent commissions. Aero-Fab Inc. and The Bunch Co. allege that Brickstreet is billing companies for the commissions as part of their premiums, even if they don’t …

Fla. to Get Disaster Think Tank

Developing techniques for responding to hurricanes, tornadoes and other disasters will be the focus of a new think tank at the Florida Institute of Technology. Public and private agencies that met recently at a national disaster conference organized by the …

2007: Climate Change Dominates Debate While Soft Market Hits Entire P/C Market

The debate over climate change captured the world’s attention, including the insurance industry’s, in 2007, while major hurricanes spared the United States’ coastline. The soft market took hold of virtually all segments of the insurance market and even buyers in …

The Quiet Giant

The secret is out: Utah-based Leavitt Group is big – it now operates in 115 locations Kelly Russell, a director and chief affiliation officer for the Leavitt Group, pondered the question put before him: What would most people be surprised …

Organic Growth Success Should Be a Key Initiative for 2008

Transparency, disclosure, and private equity interest reshape how high growth agencies do business As agents and brokers embark upon the strategic planning process for 2008, organic growth initiatives remain at the forefront for the nation’s fastest growing organizations. Such organizations …

Survey of Analysts Projects Healthy Underwriting Profits

I.I.I.’s Earlybird Forecast predicts negative premium growth but continued profitability in 2008 Next year may go down on record as one of the best insurance industry underwriting performances in the past 80 years, according to an industry survey of Wall …

Marketing Insurance with Postcards

The success of the nation’s top direct insurance marketers impacts many locally owned agencies. The reason that these sellers can close a sale, without face-to-face contact, isn’t as simple as a lower quote (it’s not always the case). Frequently, it’s …