Economy News

4 Additional Carriers Join Target Markets Program Administrators Group

The Target Markets Program Administrators Association (TMPAA) reports that four additional program carriers have joined the group. Admiral Insurance Co., General Star Management Co., State National Companies and Torus Insurance have all gained membership in the TMPAA. Each carrier is …

Paschoal Named Marsh Brazil CEO

Marsh announced that Eugênio Paschoal has been appointed as the new CEO of Marsh Brazil effective January 1, 2011. He will be based in São Paulo, and will be responsible for driving Marsh Brazil’s operating model and ambitious expansion strategy. …

Agency Valuations: A Victim of the Credit Bubble?

In the early 1700s, John Law, a brilliant mathematician, advised the French government their economy could be improved by printing lots of paper money not backed by gold or silver. The key was getting people to trust the paper money. …

Federal Reform Seen Having Moderate Impact on Health Spending

U.S. health spending is projected to reach nearly $4.6 trillion by 2019, growing at an average annual rate over the next decade of 6.3 percent, according to economists at the Centers for Medicare and Medicaid Services (CMS). By 2019, health …

West Virginia Disability Rate Tied to Bad Habits

A state lawmaker attributes West Virginia’s high rate of disabled workers to smoking and other poor health habits. Sen. Dan Foster, D-Kanawha, told the Charleston Daily Mail that the state’s high smoking and obesity rates contribute to other health issues, …

Oregon Workers’ Comp Rates Remain Flat in 2011

Oregon’s Department of Consumer and Business Services announced that on average, workers’ compensation rates for 2011 will remain flat. The pure premium rate will decrease 1.8 percent in 2011, but the department is proposing a 1.8 percentage point increase in …

Arkansas Fire Chiefs: It’s Harder to Get Volunteers

Rural fire chiefs in Arkansas say they are finding it harder to recruit younger members to be part of rural fire departments. The time commitment coupled with the lack of financial benefits is taking its toll on area emergency services. …

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, …

Distressed and Vacant Properties Fill a Void for Insurers

The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed in the past couple years as the economy has forced the closure of many …

Distressed and Vacant Properties Fill a Void for Insurers

The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed in the past couple of years as the economy has forced the closure of …