Economy News

6 Ways Agents Fail Their Workers’ Compensation Customers

Agents Can Easily Fall into the Trap of Poor Service and Not Even Know It Like most agents, you work hard at writing new accounts, what salespeople through the years have referred to as “getting the fish in the boat.” …

6 Ways Agents Fail Their Workers’ Comp Customers

Agents Can Easily Fall into the Trap of Poor Service and Not Even Know It Like most agents, you work hard at writing new accounts, what salespeople through the years have referred to as “getting the fish in the boat.” …

6 Ways Agents Fail Their Workers’ Comp Customers

Like most agents, you work hard at writing new accounts, what salespeople through the years have referred to as “getting the fish in the boat.” But it doesn’t take a master angler to know that once you get the fish, …

University Study of P/C Insurers Finds Bad CEOs Can Wreck Companies

When companies go out of business, their leaders often blame something other than their own performance for the failure. Lehman Bros.’s CEO Richard Fuld said his compensation package had nothing to do with his firm’s death in 2008. Ken Lay …

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 …

America’s Best Independent Agencies to Work For

Salaries and Benefits Lead but Quality of People and Relationships Win Votes, Too The results are in from the 2010 Best Independent Insurance Agency to Work For survey by Insurance Journal. The owners of the Best Agencies to Work For …

U.S. Group Health Premiums Rose 3% in 2009; Individual Up 15%

U.S. health insurers took in 7 percent more revenue from premiums from individual, group and other policies in 2009 than in the previous year, even as the number of those people with coverage fell, according to a report released on …

Warren Vows to End Financial ‘Tricks and Traps’ with New Consumer Agency

Wall Street critic Elizabeth Warren said Friday she accepted the job of setting up a consumer financial protection agency for U.S. President Barack Obama and declared that the time for financial “tricks and traps” was over. Obama was expected to …

3 Win Progressive Insurance X-Prize for Fuel Efficient Vehicles

An ultralight, gas-powered car that can get 102 miles per gallon is among the winners of the $10 million Automotive X Prize, a contest to develop highly efficient, production-ready vehicles. While it’s not likely to go on sale in its …

P/C Insurers Post First Half Profit Despite Underwriting Losses

Private U.S. property/casualty insurers’ net income after taxes rose to $16.5 billion in first-half 2010 from $6 billion in first-half 2009, with insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus increasing to 6.3 …