Just a year after Congress approved changes in the oft-criticized federal flood insurance program, protests from homeowners facing higher premiums have coastal lawmakers pressing for delays to preserve below-cost rates for hundreds of thousands of people. Homeowners in places like …
Many Florida independent insurance agencies are challenged to make money on the initial placement of the homeowners insurance policies. That’s a finding from The Agent Compensation Study commissioned by the Florida Association of Insurance Agents (FAIA) to address growing member …
Working Group “Consumers should not be victimized by poor claims handling and unscrupulous business practices by those seeking to exploit homeowners when they are most vulnerable.” —Florida Consumer Advocate Robin Smith Westcott said in a statement upon naming a working …
Florida’s state-backed property insurer requested a statewide average 6.6 percent increase in homeowners’ rates along with a cap on sinkhole rate increases in three high-risk counties at between 20 percent and 50 percent. Citizens Property Insurance Corp. officials signed-off on …
Merger and acquisition (M&A) activity in the second quarter of 2013 mirrored the first, continuing at a leisurely pace. Thirty-six transactions were announced from April to June, compared to 66 during the same time period last year. The year-to-date tally …
Interview with BHSI’s Peter Eastwood on Building a New E&S Giant When a veteran of CNA joined Berkshire Hathaway Specialty Insurance to lead the new venture’s professional liability division a few weeks ago, the news did not receive the press …
A strategic business plan is very important to assuring the success of a business. Yet only 15 percent of small businesses actually have a plan! It may seem like a daunting task to write out the firm’s strategic business plan …
Businesses paid about five percent more in 2012 than they did in 2011 to cover the total cost of risk. That compares to a rise of only 1.7 percent in 2011, according to the 2013 Risk & Insurance Management Society …
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 Electronic Cigarette Insurance Market Detail: Calco Commercial Insurance offers full CGL coverage including product …
A report from McKinsey & Co., titled “Agents of the Future: The Evolution of Property and Casualty Insurance Distribution,” warns that the division of labor between carrier and agent is blurring. “Carriers are interacting more directly with customers, at lower …
