2006: Good Performance Across All Lines
Driven by sound underwriting, the property casualty insurance industry performed well in 2006, according to Robert Hartwig, president and chief economist for the Insurance Information Institute, with net income after taxes near $60 billion and the lowest estimated combined ratio in 60 years. A mild hurricane season certainly helped the numbers but there’s more to the 2006 story. Insurance Journal’s Andy Simpson got the numbers and the story from Hartwig at the III’s Joint Property Casualty Forum in New York.
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Young Agent, Young Owner
Amy Bryan, owner of Bryan Insurance Agency in New Windsor, N.Y. opened her own independent insurance agency at the age of 22. She had no carrier appointments and no customers when she launched her agency in 2004, ut it didn’t take long for Amy to attract quality carriers and customers. Now, at just 28 [...]
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Creating Online Connections
To the 77 percent of independent insurance agencies that don’t have a social media presence, creating a profile and trying to form “friendships” via a computer can be daunting. Once you get online, however, tools such as blogs, Facebook, LinkedIn and RSS feeds actually can help an agency build more thoughtful relationships with other agents [...]
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London Calling
London Based specialty insurer Hiscox, which launched a significantly expanded US presence in 2006, saw its gross profits reach record levels of 481 million dollars last year. Recently, the company’s chief underwriting 0fficer, Rob Childs, sat down to discuss the profitability for the company and what he sees as the outlook and obstacles for [...]
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Insurance Risks at Gatorland Theme Park
Opened in 1949, Gatorland is central Florida’s oldest theme park. The 110-acre attraction is home to a multitude of animals, including the powerful alpha predators that are the park’s namesake.
With over 100 employee roles, ranging from custodial and food handling to gator wrestling, the potential for injury is great; however, the incident of harm at [...] -
From Vine to Wine
Don Reha is the winemaker for Orfila Vineyards and Winery in Escondido, California where he oversees the winemaking process from vine to bottle. In this episode of Watching the Risks, Reha talks about insuring and protecting the product and business income through its various stages.
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Fast Food Chain Battles Fraudulent Claims
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, [...]
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Collateral Ties
Collateralization requirements for foreign reinsurers is an issue insurance regulators have been working to address for many years. In this interview from the recent NAPSLO Annual Convention in San Diego, Gerald Sullivan, chairman of the Sullivan Group, provides an update on progress made by a National Association of Insurance Commissioners’ task force.
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Young Industry Talent
At the Independent Insurance Agents & Brokers of America’s Legislative Conference in Washington, D.C., Insurance Journal covered a young agent’s panel where carrier executives discussed issues facing young agents today. Cynthia Young, president of Encompass Insurance Co., says supporting, training and recruiting new talent into the insurance industry and the agency system is everyone’s concern. [...]
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David Mellor, Priority Data Systems / IIABA 2003 InfoXchange
Interview with Priority Data Systems Vice President, David Mellor, at the IIABA 2003 InfoXchange
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