Monthly Archives: <span>March 2008</span>

How to Discourage Commercial Insureds From Shopping Their Account

Virtually every business owner or manager considers shopping their business insurance account at one time or another. In many instances, it is a transitory thought. But in today’s world, where commercial premiums have plunged and the economy is struggling, seeking …

Time For Independent Agents to Go Global

Businesses are reaching for the golden global ring — are independent agents, too? More and more organizations are manufacturing, sourcing or selling outside the United States. For these companies, international expansion is a business imperative in the quest to stay …

Insurance Helps Fuel Energy Alternatives

Insurers introduce policies that protect fast-growing renewable energy producers and their investments With the steadily increasing costs of fossil fuels — both the monetary cost and the environmental impact — there has been more focus on the production of alternative …

America’s Young Insurance Agents: Love and Optimism in the Workplace

“I wanted a job I could love,” says 29-year-old Meghan McGarry. She found it when she first went to work in an independent insurance agency in New York. Four and one-half years later, and now handling small business accounts in …

S&P: U.S. Workers’ Comp Insurers Face Weakening Rates

The U.S. workers’ compensation insurance business is not for the faint of heart, according to an article published by Standard & Poor’s Ratings Services. The article, titled “Weakening Rates Could Squeeze U.S. Workers’ Comp Insurers Later This Year,” says the …

Climate Change No. 1 in Top 10 Risks Facing the Insurance Industry

Potential climate change is the greatest strategic risk currently facing the property/casualty insurance industry, with demographic changes taking priority for the life insurance industry, according to a new study by Ernst & Young. Climate change is closely followed by demographic …

America’s Golden Agents … Long-time Agents Have no Regrets, Many Rewards

Not many independent insurance agents can claim the title of a Golden Agent, or those with close to 50 years experience under their belt. But those who can have a few secrets to their success. Golden Agents share a passion …

Colorado Delays Action on Bill to Raise Limits for Malpractice Suits

A Colorado House committee delayed action on a bill that would increase the amount juries can award in some medical malpractice suits, after doctors warned the proposed bill could force them to stop practicing and make health care more expensive. …

Association Aims to Attract Young Agents, Brokers to Vegas

Insurance Brokers and Agents of the West is aiming to hit the jackpot with the industry’s younger set, by moving its annual IBA West’s Young Brokers & Agents conference to Las Vegas in 2008. The professional conference is scheduled for …

Declarations

Spitzer Sorry “I can’t allow my private failings to disrupt the work. … The remorse I feel will always be with me.” —Former New York Gov. Eliot Spitzer, apologizing as he announced his resignation amid reports linking him to a …