Editors' Featured
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Thinking Globally, Operating Locally
All insurance is regional, according to conventional wisdom, so maintaining strong local relationships is more important than ever in an increasingly global marketplace. As president of field operations for Navigators Management Company and former president of Lloyd’s North America, few understand the need to balance regional and global perspectives better than LoriAnn Lowery-Biggers. To successfully [...]
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Triage Nurses Cut Costs in Workers’ Comp
What if a business could lower its workers’ compensation claims costs by as much as 30 percent by simply taking care of the injured worker at the onset of injury? That’s exactly what some businesses have done after using triage services provided by Company Nurse, an innovative firm offering the services of a 24/7 triage [...]
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PURE Innovation
During his 25-year career in the property/casualty insurance business, Ross Buchmueller has specialized in protecting the assets of wealthy clients. So it was a natural progression when he founded PURE, a six-year-old reciprocal insurance company that operates in the high net worth market niche. In an interview with Insurance Journal, Buchmueller describes the process of [...]
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Lloyd’s Chairman Lord Peter Levene on Reinsurance, the U.S. Market and Some Future Plans
Lord Peter Levene talked to the IJ on his balcony at the Hotel de Paris. His reign as Lloyd’s Chairman has been pivotal in reestablishing its insurance industry preeminence. He pushed through changes that transformed Lloyd’s: contract certainty, electronic claims processing, establishing a franchise board that assures underwriting discipline, annual accounting and geographical expansion.
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The Integral Part Played By Reinsurers
In this interview with Insurance Journal’s Charles Boyle, Jerry Sullivan, the head of the Sullivan Group, explains how reinsurance operates, and why it is such an essential component of the insurance industry.
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9/11 and Terrorism Risk 10 Years Later
The Sept. 11, 2001, terrorist attacks in the United States forever changed how the insurance industry views terrorism risk. For property and casualty insurers and reinsurers the impact from 9/11 was substantial, amounting to insured losses of some $32.5 billion in today’s dollars. As we approach the 10 year anniversary of the 9/11 attacks, Robert [...]
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Uncovering Archaeology Protection for Construction Projects
In this edition of Markets in Motion, Karen O’Reilly, innovation officer for Lexington Insurance, discusses how LexArchaeology works, why it is an important coverage for large construction projects that could be disrupted due to coming upon archaeological resources.
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Catastrophes, Premiums, and the Cycle
In this interview with insurance Journal’s Charlie Boyle, Jerry Sullivan, head of the Sullivan Group, speaks out on some insurance industry essentials concerning catastrophes, premiums and the Cycle.
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Managing the Risks of Summer Festivals
Crowd control, stage collapse, food safety – these are concerns facing carriers that insure summer festivals. In a recent interview with Claims Journal, Paul Holehouse, senior risk‑control consultant for Fireman’s Fund Entertainment, and Jerid Schmickle, director of underwriting, discussed the carrier’s behind the scenes preparation for the recent 2011 Lollapalooza concert in Chicago, Ill.
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What Carriers, Rating Agencies Should Ask About Cat Models
Ming Lee, president and CEO of Boston-based catastrophe risk modeling firm AIR Worldwide, says there are basic questions insurance carriers should ask about catastrophe models. Lee also addresses how rating agencies view cat models, including some miss-perceptions in this interview with Insurance Journal’s Andy Simpson.
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The Expanding Use of Catastrophe Models
Catastrophe models are not just for hurricanes. They are also not just for insurance carriers. Ming Lee, president and CEO of catastrophe modeling firm AIR Worldwide, discusses how insurance brokers and governments are increasingly using cat models and how cat models are expanding into other risks and expanding geographically.
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What’s in a Name? Unitrin CEO Southwell Says A Lot
A legendary insurance company name is back in the headlines. Unitrin Inc. has taken the Kemper name and effective Aug. 25 Unitrin will officially operate as Kemper Corp. Don Southwell, chairman, president and CEO of Unitrin (which will become Kemper Corp. next week), says the name change fits the company well. Southwell says in this [...]
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AIR CEO on Cat Models: “What’s All The Fuss?”
Boston-based catastrophe risk modeling firm AIR Worldwide has modified its hurricane model but that hasn’t caused the fuss in Florida and elsewhere that RMS did with its dramatic changes. In this interview with Insurance Journal’s Andy Simpson, AIR Worldwide President and CEO Ming Lee explains his firm’s incremental approach and why he thinks users should [...]
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When does Business go to Lloyd’s, and Why?
Jerry Sullivan, the head of the Sullivan Group, sat down with Charles Boyle of insurance Journal to talk a bit about Lloyd’s of London, and what kind of business is best placed there and why.
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How Natural Catastrophes Impact the Reinsurance Industry
In this interview with Insurance Journal’s Charles Boyle, Jerry Sullivan, head of the Sullivan Group, explains how and why natural disasters have an impact on the (re)insurance industry, that goes beyond individual catastrophes as major losses, which have continued to increase, affect premiums and capital flows.
Featured
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Norwood on Workers’ Comp
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 [...]
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Lobbyist Norwood Analyzes Consumer Watchdog Legislation
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 [...]
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At-Home Insurance Careers for Disabled Veterans
For insurance agents Gary Trippe and Jim Pender, the idea for DVIC, or Disabled Veterans Insurance Careers, which aims to guide disabled veterans into careers in insurance, evolved in part from their own personal experiences with disabled family members. In this interview with Insurance Journal’s Andy Simpson, the two share their dream of an organization [...]
Popular
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Entrepreneurial Technologists
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 [...]
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How Insurance Distribution Is Changing
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 [...]
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Interesting Times in Medical Liability
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 [...]
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Pat Ryan Asks, ‘Are You Happy?’
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 [...]
Random
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Insuring a Burglar?
A thief gets his getaway car stolen.
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Mike Mansperger, Doris Insurance Systems / IIABA 2003 InfoXchange
Interview with Doris Insurance Systems VP & CIO, Mike Mansperger, at the IIABA 2003 InfoXchange
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Mission: To Honor and Empower Wounded Warriors
Wounded Warrior Project (WWP) began when several veterans and friends, moved by stories of the first wounded service members returning home from Afghanistan and Iraq, took action to help others in need. What started as a program to provide comfort items to wounded service members has grown into a complete rehabilitative effort to assist warriors [...]
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Specialty California Workers’ Comp Carrier PacificComp Seeks About 100 Independent Agents
PacificComp Insurance, formerly Employers Direct Insurance Co., has relaunched its business by partnering exclusively with independent agents and brokers, instead of writing workers’ compensation insurance direct. In this exclusive interview, PacificComp President and CEO James Little details why there’s a need for a specialty carrier in California, and shares his predictions for California’s workers’ compensation [...]
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