Underwriting Higher Windstorm Deductibles
Tom talks to Mitch about a few key impacts of recent hurricanes in the southeast U.S. on the property maket. He thinks the downward spiral on property rates will stop, rates will increase, some smaller companies won’t survive, and there will be changes in underwriting higher windstorm deductibles. As a result of the hurricanes, retail customers will begin to realize windstorm deductibles as high as 5% to 10% of the building value in various parts of the state.
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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 [...]
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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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Counterpoint to Garamendi’s Underinsurance Crisis
In Dunmoyer’s view, the number of California homeowner underinsurance complaints brought to
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Swett & Crawford Goes Global With Cooper Gay
Swett & Crawford, one of the nation’s largest and oldest wholesale insurance brokerage firms, and London-based independent wholesale, reinsurance and specialist broker Cooper Gay, are in final negotiations to form a combined entity under a new unified holding company. Despite the revised ownership structure, Neal Abernathy, CEO of Swett & Crawford and Steve Sadler, chief [...]
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The New Insurance Tax
A battle is brewing over insurance tax policies as foreign based reinsurance companies launch a campaign today to fight back against a group of U.S. based insurers who are pushing for what they say is a discriminatory and anti-foreign tax.
HR 3424, a bill in Congress, threatens to drastically raise insurance rates across the country. [...]
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