Monthly Archives: <span>October 2013</span>

Green Insurance Market: Competitive and Growing

The green insurance market is a good market in every sense of the word. The green building industry is growing. The insurance market for green buildings — both residential and commercial property coverage — is also growing. And for a …

Robotic Figures

In the United States, robot shipments increased again by 9 percent to a new peak level of 22,414 units in 2012 compared to 2011. In 2013, global robot sales will increase by about 2 percent to 162,000 units. In 2012, …

The Future is Now for Usage-Based Auto Insurance

Technology is spurring innovation and altering risk scenarios throughout the economy including in auto insurance. While advanced auto safety features, the shared economy and driverless cars promise to reshape auto insurance down the road, usage-based insurance (UBI) powered by telematics …

The New Target for Cybercriminals

Businesses both large and small, across industries, fall victim to data breaches every day. One of the top targeted industries remains financial services. Top financial institutions have made headlines in a string of cyber-attacks against major U.S. banks. While the …

Insurer Complaints

It’s no surprise that claims handling ranks in the top 10 when it comes to insurer complaints, but producer licensing issues also appear to be a top grievance. According to a new report by Waltham, Mass.-based Wolters Kluwer Financial Services, …

Business Moves

Confie Seguros Personal lines insurance brokerage Confie Seguros acquired three additional brokers: James S. Sullivan Agency and Advanced Auto Insurance in New York, and Family Insurance in Corpus Christi, Texas. James S. Sullivan Agency is an independently owned agency selling …

8 Ways to Organically Grow Your Independent Agency

Organic produce is popular. Free-range chicken is chic. So, why not get trendy and organically grow your agency? Naturally, inorganic growth is faster because it involves the buying of agencies, hiring producers with books of business, and other speedy volume …

Declarations

Growth Positive “Despite all of the domestic economic uncertainty, the Mid-America survey points to positive growth for the final quarter of 2013.” —Creighton University professor and economist Ernie Goss, who oversees a quarterly survey of business leaders in nine Midwest …

Insurance Industry to Benefit from Clean Energy Boom

The renewable energy industry could be spending three times as much on insurance every year by 2020 to mitigate risks to projects, says a report by Bloomberg New Energy Finance. The report, commissioned by Swiss Re, looked at six of …

Sixth Circuit Highlights the Importance of Policy Definitions

In one of the more unusual cases interpreting terms of an insurance policy, the Sixth Circuit Court of Appeals in Cincinnati highlighted the importance of policy definitions, finding in Bennett v. State Farm Mut. Auto Ins. Co., that an “occupant” …