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.
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.
Key speakers shared their personal viewpoints after the Lloyd’s 360 Live Debate entitled ‘Global Business: Under Attack?’.
Interviewees answer questions including the following:
How is terrorism risk changing?
What lessons can we expect to learn from past experience?
How can business protect itself against terrorism risk?
Over 200 delegates attended the Lloyd’s 360 Live Debate entitled ‘Global Business: Under Attack?’ on 15 May 2007. The debate was chaired by BBC World Affairs Editor, John Simpson, and some of the world’s leading experts on terrorism and political violence, explored the key issues and the impact on global business.
A guy is underwater in an anti-shark cage, and a shark starts to attack. The cage does its job by keeping the shark away, but then the man’s boat starts up and drives away.
A series of extremely unlikely events occur.
An amalgamation of Geico Caveman Commercials (Geico commercial)
A prisoner reports an escape route to a guard because the cold draft was bothering him.
A man receiving acupuncture must escape a burning building, but he is covered in needles.
A woman driving a car continues to deccelerate as the “speed limit” decreases.
A man starts rolling down a steep hill creating a snowball effect
A woman rear-ends a man who slams his face into his lunch.
A man sets up a “perfect” dinner for his girlfriend
Installing a gigantic telescope lens resembles a child burning ants with a magnifine glass, but on the large scale.
Photos get swapped in this western commercial.
One of today’s biggest insurance trends is green insurance as businesses look at ways to become more sustainable and cut costs. According to underwriters, the regulatory environment for green is changing dramatically as well. For example, the Securities and Exchange Commission (SEC) is requiring publicly traded businesses now disclose their climate risks and what they’re [...]
Listen to agency owner Claudia McClain explain why even in today’s social media world success involves more than just putting up a Facebook Fan Page. Claudia explains how her agency has continued to grow and prosper even in this difficult economic time. Her secret – an agency culture built around strong customer service and a [...]
Commercial roofing, already complicated, is getting more so as new types and materials are being introduced. Kenneth R. Gilvary, a senior engineer with Dallas-based Haag Engineering, specializes in assessing roof losses for insurers. Gilvary says claims professionals need to keep up with how green technology, including vegetative rooftops, and new building standards are changing the [...]
Based in San Diego, Jack in the Box Inc. was founded in 1951 and is the first major fast-food chain that started as a drive-thru. Today, it has approximately 43,000 employees with more than 2,200 quick-serve restaurants in 18 states. In this episode, Jack in the Box deputy general counsel of 12 years, [...]
The Internet makes it easier to get into business but it also makes it easier to steal others’ ideas. The Web is also expanding the notion of what materials, images and designs need to be protected. Intellectual property attorney David Branfman advises agents on questions to ask clients about intellectual property exposures and warns about [...]
Moving companies face a number of exposures in their daily operations, including workers compensation, cargo, fleet and general liability. Priority Moving in San Diego, Calif. is no exception. A Wheaton Van Lines agent, Priority Moving has created a series of internal procedures, reinforced by a strong employee screening process and training program. Analytics software [...]
Stroz Friedberg is a consulting firm that does computer forensics, mobile phone forensics, electronic discovery and cyber crime response, operating at the intersection of law, technology and behavioral sciences. David Garrett, managing director of Stroz Friedberg’s San Francisco office, explains why clients may or may not have cyber risk insurance, whether those that have the [...]
The controversy over contingent commissions paid to brokers has been handled all wrong and
“Nomoreforms” is an Application Service Provider (ASP) that provides a web-based paperless
It’s a new political climate in Washington. Charles Symington, senior VP for government affairs for the Independent Insurance Agents & Brokers of America (Big I), discusses how independent agents are working with Congress and the Obama Administration amid the AIG and Wall Street scandals. This is part of an interview with Insurance Journal’s Andrew Simpson [...]
Massachusetts regulator Nonnie Burnes is engineering a switch to a less regulated auto insurance market. In this excerpt from an exclusive interview with Insurance Journal, she discusses whether the change will attract new players, what existing insurers might do to prepare, the future of group discounts and other effects on the marketplace.