Monthly Archives: <span>May 2018</span>

People

Associated Agencies Inc. in Rolling Meadows, Illinois, has hired Talicia Bashford as chief operating officer, a newly created position. Bashford will focus on overall operations and several areas of opportunity, including employee engagement, branding, talent management, process sustainability, training and …

How Agencies Grow Today: Channel Harvest Survey

When it comes to business growth, agents have their eyes on the same prize but different ideas about how to secure it. That’s one of the key findings of “Agent Voices 2018,” a soon-to-be-released report based on a survey of …

Declarations

No Liability Protection “(The law) does not protect a website operator from liability that arises from its own conduct in facilitating user activity, as is the case here.” — Wisconsin’s 1st District Court of Appeals, which reinstated a lawsuit against …

The Technology Gap: Can Agents Keep Up?

As predicted in the last Tech Talk column, there is reason to cheer a bit about the findings of the just-released 2018 Insurance Digital Transformation Study. Clear progress has been made as agents work toward mastery of digital technology to …

Business Moves

Sedgwick, Cunningham Lindsey Memphis, Tenn.-based global claims services firm Sedgwick has finalized the acquisition of competitor global loss adjusting and claims management firm, Cunningham Lindsey and its subsidiaries. Sedgwick purchased its competitor from CVC Capital Partners, a private investor group …

The High Cost of Foodborne Illness Outbreaks: Study

A single foodborne outbreak could cost a restaurant millions of dollars in lost revenue, fines, lawsuits, legal fees, insurance premium increases, inspection costs and staff retraining, a new study from researchers at the Johns Hopkins Bloomberg School of Public Health …

Cyber Insurers Say Underwriting Is Profitable, For Now

Carriers say that cyber insurance is quite profitable for them at the moment, and a majority are also using reinsurance to manage their exposures, PwC found in a global survey of specialist writers. The consulting firm’s survey found that 80 …

Show Teen Drivers Some Money

Teens who text while driving may be convinced to reduce risky cellphone use behind the wheel when offered financial incentives such as auto insurance apps that monitor driving behavior and reward good drivers with discounts. A new survey showed more …

Time to Rethink Education

The Association for Talent Development reports that employers spend nearly $1,300 per employee each year on training and development. Think about what you spend on education at your company. Are you getting your money’s worth? Demographic shifts, changes in technology …

P/C Direct Premium Written Up 4.7 Percent in 2017

Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2016, more than $607 billion of DPW was reported. For 2017, total DPW for all P/C insurers aggregately increased 4.7 percent over 2016, an increase …