Yearly Archives: <span>2012</span>

Sandy Shows Social Media Is Practically Made for Insurers

In the days before superstorm Sandy, there were many questions. When and where would it arrive, and what kind of destruction would it bring? Later, those questions were replaced with others: were friends and family OK? How many homes were …

How to Create a Simple Business Plan for 2013

Creating a business plan does not have to be a daunting task. Yet, only about 15 percent of agencies have a written plan or track to follow, according to a recent agency survey. Now is a good time to plan …

Pricing Improved in 2011 But Workers’ Compensation Still Challenged: A.M. Best

The troubled workers’ compensation line of business got a break in 2011 as employment and payrolls stabilized and overall net premiums written increased by 10 percent, according to an A.M. Best report. However, A.M. Best expects that profitability for the …

Program Business Hits $24.7B in 2011: Study

The program business market reached $24.7 billion in gross written premiums in 2011, a 9 percent increase from $22.6 billion in 2010, according to a new industry study. Premium revenues for the program industry jumped 5 percent. That’s according to …

Be Wise Specialize!

Programs Thriving in Today’s Market There is a strain of thinking that says generalists can adapt and survive in most environments whereas specialists are more at the mercy of their environment. That may be the case for some species but …

The Price Is Right

In the long-running game show of the same name, contestants vie with one another to figure out the right price to win valuable prizes. Insurance pricing isn’t all that different. Managing the ups and downs of pricing cycles and related …

My New Markets

Bringing Market Seekers and Market Providers Together Find markets in our database Promote your markets on our site Join our community forums Membership is free! www.MyNewMarkets.com Commercial & Public Works Contractors Liability Program Market Detail: Trinity E&S Insurance Services Inc. …

Illinois Senate Panel OKs Drivers Licenses for Illegal Immigrants

Supporters of licensing illegal immigrants to drive say it would make Illinois roads safer with trained motorists required to carry insurance. The Senate Executive Committee voted 12-2 to advance the plan for some of the 250,000 people living in Illinois …

Cold, Mold Loom as Hazards in Sandy Disaster Zones

A month after Sandy’s floodwaters swept up his block, punched a hole in his foundation and drowned his furnace, John Frawley still has no electricity or heat in his dilapidated home on the Rockaway seashore in Queens, New York. The …

Heffernan’s N.Y. Branch Names Director of Commercial Lines & Marketing

California-based Heffernan Insurance Brokers recently hired Jason C. Cavallo to join its New York office as director of commercial lines and marketing, focusing on new business development and management of commercial lines business for the New York area. Cavallo brings …