How the Economy Turned Optional Coverages into Mandatory Enhancements Offering comprehensive homeowners coverage in today’s insurance market is not only good business, but a necessity. Insuring the property for full replacement cost is key. With the current economical impact on …
The American psychologist and philosopher William James once said, “Pessimism leads to weakness, optimism to power.” This may be the adage of the Top 25 Property/Casualty companies based upon the dollar amount of direct written premium growth from 2009 to …
RAND Study Shows Coverage Fails to Limit Court Costs, Lower Premiums No-fault automobile insurance, once seen as a way to limit court costs and lower premiums, has declined in popularity among both insurers and consumers because it largely has failed …
The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed in the past couple years as the economy has forced the closure of many …
$600 Million All 16 private insurance companies that participate in a federal crop insurance program have signed off on the new federal reinsurance agreement that cuts the subsidies they get by $600 million per year for the next 10 years. …
AAA has named current company president Paula F. Downey CEO of AAA Northern California, Nevada and Utah and its insurance affiliate, the California State Auto Group. According to the company, Downey is the only female chief executive among top property/casualty …
Assemblyman Mike Villines says the California Department of Insurance needs a good manager, not a politician looking at the post as a stepping stone to higher office. Villines will face Democratic Assemblyman Dave Jones in the November general election after …
On its Web site, www.disastersafety.org, the IBHS suggests the following questions may help in analyzing a business’s disaster preparedness level. Are you concerned that your normal business operations might be interrupted by a natural or human-caused disaster? Have you determined …
Technology – cell phones and texting technologies – gets a bad rap when it comes to safety while driving. Of course, it’s not the technology that’s unsafe – it’s people. In my recent business trip, for instance, three of the …
Corporate risk managers report a serious and growing disconnect between themselves and their insurance brokers and carriers. At a time when U.S. companies are enhancing internal risk management capabilities and elevating risk management to a strategic priority, many brokers and …
