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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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How Calif. Agent Started His Agency
Yes, finding markets is a challenge. So is financing. And the soft market doesn’t help. But Phil Hakopian managed to overcome these and other obstacles to launch his Rancho Cucamonga, Calif. agency, Cornerstone Commercial Insurance Services. In this interview with Insurance Journal from the recent WIAA Insurance Industry Roundtable, Hakopian says if he can do [...]
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Smartphone Marketing for Agents
Just when agencies thought they had a handle on digital marketing, and the value of local search from Google, along came the smartphone revolution. In this Insurance Journal interview at the recent WIAA Insurance Industry Roundtable, Michael Jans, president of Bend, Ore.-based Agency Revolution, an agency consulting firm, discusses how marketing has changed and what [...]
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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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Agency Exchanges: Big Brother for Small Agent
Richard Kerr is bullish on exchanges for small agencies. That’s understandable given that he is founder and CEO of Dallas, Texas-based insurance exchange MarketScout. In this interview from the recent Western Insurance Agents Association’s Insurance Industry Roundtable, Kerr discusses how exchanges have evolved and why he thinks they are the wave of the future [...]
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As the Market Turns, What Is Broker’s Role?
The soft market is turning, perhaps not dramatically but it is turning, says Jerry Sullivan, chairman, The Sullivan Group, in Los Angeles. If carriers decide they must raise prices, will customers pay them? As the market turns, what role should brokers play? Sullivan gives his views in this interview with Insurance Journal from the [...]
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Cyber Monday Raises Cyber Risk
Cyber Monday may be one on of the most profitable days of the year, but it is also one of the riskiest for those in the cyber fraud industry.
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Brokers: Overcome Fear of Patent Insurance
Garrett Koehn, president of Northwestern U.S. for Crump Insurance Services, authored his first intellectual property and technology related coverages in 1995, working Yahoo, Excite, and others in the Silicon Valley. Here in an interview at the 2011 PLUS Conference with Insurance Journal and Claims Journal, Koehn discusses one form on IP insurance, patent insurance, and [...]
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Trends in Professional Liability Claims
With certain professions seeing a rise in claims, Gerry Merritt, president of Hanover Professionals, discusses the reason for the increase and the main targets of such claims, in this interview with Claims Journal and Insurance Journal at this years annual PLUS conference in San Diego.
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The Impact of Social Media on EPLI Loss Trends
Cathy Padalino, vice president and EPL Product Manager for Chubb, discusses employment practices liability insurance loss trends and the impact of social media on EPLI claims with Claims Journal and Insurance Journal at this years PLUS conference in San Diego.
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The Scope of Intellectual Property
Robert Fletcher, president of the Intellectual Property Services Corp., explains a business’s IP, how it is valued, and the costs associated with litigating IP claims, in this interview with Claims Journal and Insurance Journal at this years PLUS conference in San Diego.
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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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Catastrophes’ Impact on the Market
Michael J. Carr, senior vice president of excess and surplus property for Liberty Mutual Underwriters, has more than 18 years of experience managing, developing, and underwriting in the E&S property business. When he was at the National Association of Professional Lines Office convention in San Diego earlier this month he spoke about how the year’s [...]
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Pressure to Merge
The soft market and tough economy has placed pressure on some wholesale brokerage firms to merge. Neal Abernathy, CEO of Swett & Crawford, thinks the surplus lines industry will see more consolidation in the future thanks to the rising cost of doing business today. In this interview with Insurance Journal’s Andrea Ortega-Wells from the annual [...]
Featured
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Lobbyist Norwood Looks Ahead to 2012 in Legislature
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 [...]
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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 [...]
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 [...]
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NAPSLO Next Generation: Helping Young Agents Learn the Insurance Industry
Many in the baby boomer generation are getting ready to retire, opening the door for the next generation of insurance professionals to take over. Recruiting young talent into the insurance industry and training them once they come on board have been a challenge for many insurance companies. Trade associations including the National Association of Professional [...]
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Liberty Mutual’s Latest Predictive Model Targets High Cost Workers’ Comp Claims
In an interview with Claims Journal, George Neale, Liberty Mutual general manager for claims discusses the latest predictive model that can quickly identify and manage slow emerging high cost workers’ compensation claims. Incorporating broader data, psychosocial factors and co-morbid medical conditions, helps the company better predict a workers’ compensation claim’s duration and cost.
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CEO Journal: For Farmers, Small Business Is Big Business
Small business is the fastest-growing segment for Farmers Insurance and it accelerated eve more in 2008 when it assumed the small business accounts of its parent, Zurich. For new Farmers CEO F. Robert Woudstra, this segment is the key to growth in 2009 and 2010.
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How State Regulators Feel About Agents
State insurance regulators are well aware of the critical role independent agents play in the insurance process. They see a “natural alliance” between agents and themselves. In this report, regulators from Florida, Wisconsin, Oregon, Louisiana and Kentucky discuss how they feel about independent agents.
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