California residents are no strangers to earthquakes, but what might be surprising is that most homeowners in the state do not have the coverage they need to protect themselves from the potential catastrophic loss these earth tremors could impose on their property. In this interview, Steve Bouker, President and Chief Operating Officer of Arrowhead [...]
Whether it’s a commercial building or a home, policyholders are asking for green insurance.
Rate evasion costs personal line auto carriers more than $16 billion a year—almost 10% of net premiums. Identifying it and managing it early can offer a significant competitive advantage. Learn how you can address rate evasion in real time at the point of sale to avoid the effects undisclosed risk can have throughout the policy [...]
Cynthia Young is president of Encompass Insurance. Part of the Allstate group, Encompass is one of the nation’s largest companies to provide protection through independent insurance agencies. In a recent conversation with Chris Boggs, Insurance Journal Academy’s director of education, Cynthia talks about the national company’s innovative products and services.
Overview.
The insurance industry’s favorite daily newsletter. Delivering the latest headlines every morning in an easy-to-read format. The Daily Headlines e-Newsletter gives readers a quick snapshot of news that attracts their business and one-click access to news stories.
Demographics:
* Subscribers: 54,532
* Frequency: Daily (Monday-Friday)
* Agent/Broker: 49%
* Program Manager/Underwriter: 12%
* Risk Manager: 5%
* Workers Comp/Medical: 4%
* Carrier Executive: [...]
Phillip and Melissa Hayes avoid disaster due to following advice from their Fireman’s Fund risk services consultant.
The Insurance Industry Charitable Foundation seeks to help communities and enrich lives by combining the collective strengths of the industry to provide grants, volunteer service and leadership.
In 1994, the Insurance Industry Charitable Foundation was formed to support nonprofit programs throughout California. Today, the Foundation has a national reach with the establishment of a New [...]
The current unemployment rate has created a perception that there is an influx of available candidates for the claims industry, but Ryan Schmidt, Assistant VP of the Jacobson Group, begs to differ. In this interview with Insurance Journal, Schmidt talks about ways to retain current top employees and attract new talent in a difficult economy.
Milo Bolender, Senior VP of Frontier Adjusters, remembers a time when independent insurance adjusters and carrier claims representatives had personal relationships based on friendships and frequent collaborations. In this interview with Claims Journal, Bolender discusses how he feels the relationship between carrier claims reps and independent adjusters has changed.
Using the Haag shingle gauge, a claims adjuster or roofing specialist can determine the warranty and wear and tear of a roof. In this interview with Claims Journal, Ryan Holdhusen, Director of Education for HAAG Engineering Co., explains the use and availability of the Haag shingle gauge.
Financial loss from compromised garments has become significant to property and casualty insurance adjusters handling claims. In this interview with Claims Journal, Ken Campbell, National Accounts Manager for Certified Restoration Dry Cleaning Network, explains the advantages of a textile restoration specialist to an insurance provider.
An increase in fraudulent claims has been attributed to the recession and its effect on the economy. In this interview with Claims Journal, Shawn Shoop, VP of Marketing & Business Development for ProNet, talks about the importance of forensic engineering and consulting in the face of insurance fraud.
It’s not always a simple process, but implementing new ideas into your business can be beneficial to your company by helping with things like growth and profit. In this interview with Claims Journal, Jason McGrath, President/CTO of Ravello Solutions offers his advice on how to easily integrate new solutions into your everyday work flows.
With industry veterans retiring and taking a wealth of knowledge with them, claims departments find themselves searching for a new ways to attract a new workforce. In this interview with Claims Journal, Alyssa Hostelley, VP of product management for BlueWave Technology, discusses how adopting modern technologies will help retain new generations of employees and increase [...]
A recent press conference, co-sponsored by Fireman’s Fund Insurance Company and the Washington, D.C. Fire Department, announced findings of a new national survey sponsored by Fireman’s Fund. The study finds that most fire departments are suffering from the economic downturn and are in need of additional support for equipment and training. Fireman’s Fund, [...]
John Norwood, principal of Norwood & Associates, has a career in political work dating back to the early 1980s, and he’s one of the state’s best known lobbyists in the insurance and financial services sectors. Norwood talked about workers’ compensation, and other legislation and regulation matters that the insurance industry will face in 2012, including [...]
John, principal of Norwood & Associates, has been an lobbyist for insurance and financial services sectors across several decades. Norwood offered a focused looking at the all-important workers’ compensation issue, and he gave his thoughts on health insurance exchanges. In fact, Norwood forecast that 2012 will rank as an important one when it comes to [...]
John Norwood is one of California’s best known legislative advocates for the insurance and financial services sectors. Norwood spoke to the Insurance Journal about legislation and regulation, including a proposal by a consumer advocacy group that would establish prior approval for healthcare insurance and would make major changes to auto insurance and homeowners insurance in [...]
This year the Entrepreneurial Insurance Alliance (EIA), sponsored by MarketScout, named Vertafore and Risk Metrics, as winners of it 2011 Entrepreneurial Award in technology. Vertafore’s WorkSmart and Risk Metrics’ Insurance 360 technology products received recognition from the EIA as being some of the industry’s most innovative concepts in technology. Each year, the EIA receives hundreds [...]
Retail and wholesale brokers face the challenge —and opportunity— of redefining their relationships and value proposition in today’s changing insurance distribution world, according to Glenn Hargrove, president, MarketScout Wholesale, Dallas, Tex. In this interview from the recent Western Insurance Agents Association’s Insurance Industry Roundtable in California, Hargrove outlines the value proposition of agents and brokers [...]
The medical liability market continues to perform well even as the nation struggles to implement health care reform. Robert Allen, senior vice presidents at Torus Insurance, says many health care institutions are implementing new strategies to be successful in today’s health care reform world. In this interview with Insurance Journal’s Andrea Ortega-Wells from the annual [...]
Patrick Ryan is an innovator who sees opportunity. And it was opportunity that drove him to launch Ryan Specialty Group in early 2010. Success lies in hiring “good people,” Ryan says. In this interview from the annual National Association of Surplus Lines Offices (NAPSLO) annual convention in San Diego, Ryan says his newest venture gave [...]
The exposure of various states’ residual markets for property insurance has grown from $55 billion to nearly $700 billion in the last two decades. Dr. Robert Hartwig, president and economist of the Insurance Information Institute, discusses how this has become a serious problem, particularly in Florida, for both public officials and private industry.
There are many ways in which an insurance agency can communicate with clients. But if nothing else, Heffernan Insurance’s Director of Corporate Communications Ann Basco suggests agencies consider the power of social media — leveraging the tools is easy and inexpensive. In this interview with Insurance Journal’s Patti Tom, Basco also talks about what content [...]
In this On Point podcast, Chris Amrhein, Chief Fun Officer of Insurance is Fun discusses with Peter and Rick what it might mean to be an “agency of the future.” We all agree that the expectations of the connected consumer are placing new demands on the way we transact business. Demographic and diversity shifts are [...]
Steve Poizner was California’s third elected insurance commissioner. Almost immediately upon assuming office, he ordered the development of the first ever, top-down review and strategic plan for the Golden State’s Department of Insurance. As he prepares to leave office, Commissioner Poizner discussed what accomplishments he’s most proud of, what areas he believes still need improvement, [...]