Looming Agent Retirements: Carriers Face Major Turnover June 21, 2012 More than 25 percent of independent agency owners and principals are planning to retire or change careers and sell their...
Workers’ Comp Market Injured But Still Standing June 8, 2012 By Andrea Wells Like the economy, the workers’ compensation market has suffered in recent years. Results for 2011 were no better than 2010....
U.S. Insurers’ Reserves Redundant by $11.7B: Aon Benfield Study June 7, 2012 Insurers’ reserves were redundant at year-end 2011 by $11.7 billion – or 2 percent of total booked reserves – compared...
Florida Cat Fund’s Financial Condition Triggers A.M. Best Review of Insurer Ratings June 4, 2012 Insurers writing homeowners coverage in Florida could see a revision in their financial ratings after one of the nation’s top...
The Industry’s Role in Cutting Down Crooked Contractors May 17, 2012 By Robert Passmore Approximately one year ago, on Sunday, May 22 at about 5:30 p.m., Joplin, Mo. was devastated by a massive EF...
Survey: Agencies Seek Carrier Help to Expand into New Niches May 2, 2012 The challenges of today’s economy appear to be driving some independent agents into new niche insurance markets and product lines....
Regulation, Reputational Risk Top Concerns of Risk Managers: Lloyd’s April 30, 2012 A heightened focus on insurance regulation as well as exposures related to reputational risk are top concerns for insurance executives...
U.S. E&S Market Premiums Increase in 2011: SNL Financial April 30, 2012 U.S. excess and surplus market is seeing a slight uptick in premiums, a new report reveals. After several years of...
Survey: Why Agents and Customers Choose Higher-Priced Insurers April 12, 2012 Insurance customers are price-sensitive shoppers, and they have become more so given the financial pressures of the struggling economy. Many...
CRC’s CEO Hopes to Create ‘Best of the Best’ With Crump Merger April 9, 2012 By Andrea Wells The recent acquisition of Roseland, N.J.-based insurance wholesaler Crump Group by BB&T Corp., a major regional bank and insurance broker...