Monthly Archives: <span>June 2017</span>

New Markets

Equine Mortality and Major Medical Market Detail: Tower Services Inc. (www.tower-services.com) is an MGA offering property, liability, auto, horse mortality, and excess coverages for a variety of farms. A listing of appetite and markets available through website. Available limits: As …

The Promise of Insurtech

Disruptive technology is poised to shake up our industry. Following tectonic plate shifts in publishing, finance, investing, telecommunications, recorded music, information technology, retail, and even ride hailing services, insurance has been added to the queue. Disruption can be unsettling. While …

U.S. P/C Insurance Industry Keeps Quiet on Trump Exit from Paris Climate Accord

The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump’s decision to withdraw the country from the Paris climate change accord. The American Insurance Association (AIA), …

Survey of Agents Reveals Underwriting Disconnect in Commercial Lines

Independent agents want to talk about underwriting, and they’re urging their carriers to listen. Preliminary results from the 2017 Channel Harvest Research survey indicate agents want to see companies put greater emphasis on how and what they’ll underwrite. The 10th …

5 Tips for Selling Umbrella Insurance

Whether you’re new to selling insurance or you’re an expert at it, you may have found umbrella insurance is one of the products that lots of people do not understand, and may need more convincing to buy, than say, homeowner’s …

Work Comp Income Benefits Fall Short

Adequacy of income benefits is one of the long-standing concerns about the performance of workers’ compensation systems. However, there is little known about whether income benefits (also called wage-loss or indemnity benefits) provide adequate financial support for injured workers. According …

Tech Targets Construction Risk Management

Water sensors that detect leaks before a lot of damage is done, wearables that track workers’ whereabouts and video cameras that monitor sites — the building industry is gradually adopting these and other technologies to help it improve safety and …

Minding Your Business: Agency of the Future

Yogi Berra once said: “It’s tough to make predictions, especially about the future.” Ignoring that wisdom, what will the insurance agency business model look like in 10 years or 20 years? Right now there are several major trends that are …

High Agency Valuations Not Going Away, MarshBerry Exec Tells Conference

Valuations of insurance agencies are as high as they have ever been, and there does not appear to be any lessening of interest among suitors, according to an industry mergers and acquisitions (M&A) consultant. John Wepler, chairman and CEO of …

Easing Regulations, Speed of New Infrastructure Projects Raises Concerns for Underwriters

We’re going to cut a lot of red tape,” President Trump said at a CEO town hall meeting as he unrolled a long, colorful flow chart showing the process required for a state government to obtain the federal permits necessary …