How One Independent Agency is Changing the World December 16, 2019 By Andrea Wells Sterling L. Hammack, Jr., the founder of Professional Insurance Associates (PIA) in San Carlos, Calif., was an extensive world traveler....
How to Lower Agency Value December 16, 2019 By Catherine Oak and Bill Schoeffler As the M&A frenzy continues, buyers keep pushing the envelope when it comes to agency value. The private equity firms...
Insurer Market Conduct Troubles Often Traced to Claims Handling Errors December 16, 2019 By Jim Sams Mistakes by claims professionals were the most common reason for enforcement actions against U.S. property and casualty insurers in 2018,...
P/C Direct Premium Written Up 4.9% December 16, 2019 By Douglas A. Powell Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2018, total DPW for all...
Jefferson City Tornado-Related Insurance Claims Rise to More than $170M December 16, 2019 State insurance officials say Jefferson City, Missouri, residents made more than $170 million in insurance claims after a tornado hit...
Political Risk Losses Up in 2019, Hitting 68% of Surveyed Firms December 16, 2019 A survey of 41 major corporations by broker Willis Towers Watson found that 61% believe political risk levels increased in...
How ‘Intelligent’ Insurers Grow and Create Value: ACORD Study December 2, 2019 By Andrew G. Simpson Some insurance carriers grow but do not create value. Others shrink but still create value. Some fail at both. Then...
Mentoring: How to Leverage the Skills of Your Best Performers December 2, 2019 By Phillip M. Perry You’ve spent good money attracting, hiring and training great employees. The result is a highly productive staff. From understanding complex...
Program Business Continues Record Growth Despite Market Challenges December 2, 2019 By Amy O'Connor Underwriters Search for ‘New’ and ‘High Risk’ Spaces to Target Fueled by investments from insurtechs and interest in niche classes,...
Seller’s Market to Deliver Biggest Commercial Rate Hikes in Years December 2, 2019 North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to insurance...