Economy News

Polls Finds Opposition to Billing Auto Insurance Carriers for Accident Fees

Californians disagree with the idea that communities should levy fees on out-of-town motorists who cause accidents that require city-funded emergency response services, according to poll results recently released by a California insurance organization. In its survey fo 800 respondents, OnlineAutoInsurance.com …

The Future for Independent Insurance Agencies

I believe the future of independent insurance agencies is at a tipping point. A number of forces are pushing agencies toward the precipice of major change. A few of those forces include: legislation, case law, the Web, generational differences, the …

Home Insurance Customer Satisfaction Declines But ‘Bundlers’ Happy

Overall customer satisfaction with homeowners insurance companies has declined to the lowest level in five years, primarily due to decreases in satisfaction with policy offerings and customer service, according to the J.D. Power and Associates 2010 U.S. National Homeowners Insurance …

Stronger Economic Times Add to Recruitment Challenges

People are a company’s greatest asset. Yet finding the right people is often challenging, particularly in the insurance industry. While the economic downturn put a hold on hiring for many firms, the seemingly steady recovery of the U.S. and Canadian …

A Wonderful Life

McQueary Henry Bowles Troy Soars High With Faith, Texas Values and the Ultimate Angel Investor If a creative insurance cinematographer were to capture the story of McQueary Henry Bowles Troy LLP, it might appear to be a familiar tale. That’s …

Source: Kuwait’s Investment Authority Commits $1 Billion to AIA IPO

American International Group Inc received a $1 billion commitment from Kuwait Investment Authority for the IPO of its Asian unit, the first major investment inked before the mega offering’s roughly $15 billion launch. KIA, the country’s sovereign wealth fund, is …

Another Gusher to Cap

New Taxes, Regulations and Red Tape Threaten Future of Small Business After weeks of news bulletins, press conferences and images of oil surging from a blown-out Gulf of Mexico well, we all breathed a sigh of relief when the gusher …

Workers’ Compensation Results Continue in Downward Spiral

The nation’s workers’ compensation insurance industry’s underwriting performance has continued to weaken as the composite combined ratio deteriorated 8.8 percentage points to 120.0 in 2009, representing the highest combined ratio posted by the composite since it recorded a 118.6 in …

6 Characteristics of the Best Agencies Today

Sales Focus, Employee Appreciation, Compensation and Planning All Key Element The best way to get to the top fast is to do the same things that those who are already there are doing. Essentially, management should practice and emulate the …

Lloyd’s Chairman Warns on Peril of Over-Regulation; Urges Growth

Lloyd’s Chairman, Lord Peter Levene warned a receptive audience at Lloyd’s City dinner that the current focus on regulation should not get in the way of strategies for future growth. His speech was addressed to two hundred of London’s leading …