One of the things Shane Crockett loved about being in the military was the sense of purpose he felt on the job every day, something he said was missing from his first post-military job as an engineer. So like the …
Eight surplus lines insurance industry executives had their heads shaved bald this past Monday night in front of a cheering crowd in Las Vegas, Nev. It was not some bizarre industry hazing ritual or ancient form of punishment. Instead it …
Global economic challenges will make it difficult for insurers to generate growth and profits over the short and long term, however, they might improve their chances for achieving success in 2012 by focusing on new insurance products and on emerging …
When the phone rings in the Crisis Management Operation Center within Aon Corp.’s headquarters in Chicago, it’s typically not someone calling with good news or to say, “Have a nice day.” Chances are the caller is someone having a bad …
The property/casualty insurance industry is calling on the military for help in the talent war. Through special units, concerted outreach, mentoring programs, job fairs and partnerships with veterans organizations, insurance companies and brokers are letting it be known that the …
Religious groups and churches may hire and fire their leaders without being subject to laws against discrimination in employment, the U.S. Supreme Court said this week in a unanimous landmark ruling. For the first time, the Supreme Court recognized a …
The federal law governing risk retention groups should be clarified to reduce the number of disagreements between RRG managers and state regulators and to clarify the coverage RRGs may offer, a Congressional report advises. The Government Accountability Office said varying …
If you are an insurance agent or broker counting on the economy to perform considerably better in 2012 than it did in 2011, well, don’t. Economists say that the economy is showing slight improvement, and employment and income could inch …
Allstate’s captive agents have been spared part of a planned cut in their commissions as the insurer has revised its compensation strategy. The Illinois-based insurer confirmed that it would cut its base commission to its agents to 9 percent of …
Property/casualty insurers may be poised to raise their prices but buyers may not be in a position to pay more, advises a veteran of insurance cycles. “It’s not an issue of willingness. It’s an issue of capability,” says Jerry Sullivan, …
