McKinsey News

McKinsey Chief Says Firm Failed to Identify Opioid Epidemic

The head of McKinsey & Co. acknowledged that it failed to see the opioid epidemic unfolding while simultaneously doing work for drug regulators and makers of painkillers including OxyContin in his first appearance before lawmakers investigating the consulting firm’s actions. …

McKinsey to Pay $573 Million to States to Settle Opioid Claims

Consulting firm McKinsey & Co. has agreed to pay at least $573 million to resolve claims by 40-plus U.S. states related to its role in the opioid epidemic and advice it gave to OxyContin maker Purdue Pharma, according to a …

Rusbuldt on McKinsey 5: Where Will Agents Really Be in 5 to 10 Years?

Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America – the Big “I”- takes issue with a McKinsey report that claims local independent agents will soon be extinct. In this fifth and final installment from …

Rusbuldt on McKinsey 4: Trusted Choice, CAP as Part of Agents’ Internet Strategy

Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America – the Big “I”- takes issue with a McKinsey report that claims local independent agents will soon be extinct. In this fourth installment from an interview …

Rusbuldt on McKinsey 3: Don’t Ignore Trends Favoring Independent Agents

Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America – the Big “I”- takes issue with a McKinsey report that claims local independent agents will soon be extinct. In this third installment from an interview …

Rusbuldt on McKinsey 2: Agent-Carrier Relationships Make a Difference

Bob Rusbuldt, president and CEO of the Independent Insurance Agents and Brokers of America – the Big “I”- takes issue with a McKinsey report that claims local independent agents will soon be extinct. In this second installment of an interview …

Why McKinsey’s Prediction of Demise of Independent Agents Is ‘Dead Wrong’

A recent report from McKinsey & Co. had some bad news for local property/casualty insurance agents— many of them will be out of business within the next five to 10 years. McKinsey contends that “the economics of the traditional agent …

In the Workplace, What Do Millennials Want?

There’s a lot of talk in property/casualty insurance circles these days about how the industry is going to replace the huge wave of baby boomers that are beginning to retire and will continue to do so into the next decade. …

P/C Insurance Industry Enlisting Veterans in Talent War

The property/casualty insurance industry is calling on the military for help in the talent war. Through special units, concerted outreach, mentoring programs, job fairs and partnerships with veterans organizations, insurance companies and brokers are letting it be known that the …

Generous P/C Sector Seeks Ways to ‘Give Better,’ McKinsey Author Says

The property/casualty insurance sector that already does a lot of good work is interested in doing more and having even more of an impact, according to the lead author of a landmark report on the property/casualty industry’s charitable giving. “If …