On the topic of automation, Frank Lloyd Wright said: “If it keeps up, man will atrophy all his limbs but the push-button finger.” It is safe to assume that Mr. Wright had no idea how true his words would ring …
The Massachusetts Office of Consumer Affairs and Business Regulation (OCABR) issued its top five consumer issues of the past year. OCABR noted that overall, it received and responded to over 34,000 consumer inquiries and complaints in 2014. Among them, insurance …
The per capita cost of a data breach to the public sector is $172 per record, according to the “2014 Cost of Data Breach Study: United States” — Ponemon Institute Public sector companies have the highest estimated probability of having …
The California Workers’ Compensation Insurance Rating Bureau in April submitted a July 1 pure premium rate filing to the California Department of Insurance proposing advisory rates that average $2.46 per $100 of payroll. The average proposed advisory pure premium rate …
Our industry loves acronyms and buzzwords. Allacronyms.com publishes a list of 1,086 insurance industry acronyms. Iwebhound.com has an acronym list that is even larger. You can tell when insurance people are talking to insurance people, because every other utterance is …
Southern states might look to the Pacific for an idea of what the future holds for tornado activity. The waters of the Pacific Ocean may provide some clues about tornadoes in the South, according to a paper in the journal …
Recruiting the next generation of talent is not a new challenge but a difficult one. At the recent NetVu15 conference in Indianapolis, a workshop titled “Generation XYZ in the Workplace” drew a large crowd, many of whom were agency principals …
An insurance empire that included two insurance carriers, two offshore reinsurers, several buildings and other insurers’ investments was built by a private equity firm in part on questionable assets and is now being dismantled, according to The Wall Street Journal. …
The number of female young agents responding to the Young Agents Survey grew in 2015 – 46.7 percent were female while 53.3 percent were male. In the 2014, only 39.5 percent were female. While the gender gap appears to be …
The insurance industry, like other businesses, has come to realize it needs to do more to protect its companies, customers, employees and portfolios from cyber threats. Cyber-savvy professionals are in high-demand and are being scooped up by companies needing to …
