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 prolonged soft market and tough competition in the property/casualty insurance industry have opened the door for at least two surplus lines carriers to go direct to retail agents in the last year, bypassing the wholesale broker on some pieces of business. But will that trend continue? Thomas J. Curtin, co-chairman, founder and CEO of [...]
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.
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.
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 [...]
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 [...]
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 [...]
Michael Lee, founder, chairman and CEO of the Tower Group, doesn’t believe innovation runs deep in the insurance industry. The insurance industry is not known as being one of the most innovation industries in the financial services world, and that reputation is somewhat deserved, Lee says. But that trend is changing, and continues to change. [...]
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 [...]
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 [...]
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.
Listen as Insurance Journal talks with Kyle Stevens, President of Western Security Surplus about their involvement with the Berry Family 5K taking place on March, 24th, 2012 in Plano, Texas. Join Insurance Journal and other great organizations as they help a family struggling after a horrible accident. For more information, visit berryfamily5k.org, [...]
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 [...]
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 [...]
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 [...]
Former IBM executive Bob
Agency Management Done Right is an audio podcast hosted by Mitch Dunford exploring various aspects of agency management.
The topic of the inaugural episode is the financial health of the U.S. insurance carriers and when, if ever, the market is going to harden. Mitch is joined by Andy Simpson, editorial VP of Wells Publishing, Inc. and [...]
Profitable insurers deliver more than investment income – they reduce loss. In this Video, James Schweitzer of the NICB, Keith Jentoft of Videofied along with Sheriff Paul Fitzgerald, President of the National Sheriff’s Association, talk about how technology has resurrected Alarm Response – delivering over 50% arrest rates. Law enforcement loss control is [...]
Mystic Capital Advisors is a mergers and acquisitions group. Donoghue was at Target Markets