Rating Law Change Could Lure More Insurers to N.D.
Decidely in favor of removing the prior approval rating law for commercial and personal lines from North Dakota books, Commissioner Jim Poolman also believes another benefit could be attracting more insurance companies to the state. More companies means more competition and adds significant benefits for the consumer, the economy and the industry, Poolman contends.
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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 [...]
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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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Dedicated, Passionate Leadership
Adam DeGraide sits down with a group of insurance professionals to talk about how they implement passionate leadership into their agencies.
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How to spot rate evasion before it hits your book
Rate evasion costs personal line auto carriers more than $16 billion a year—almost 10% of net premiums. Identifying it and managing it early can offer a significant competitive advantage. Learn how you can address rate evasion in real time at the point of sale to avoid the effects undisclosed risk can have throughout the policy [...]
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Never a Dull Moment for Florida Commissioner
Florida Insurance Commissioner Kevin McCarty stays busy with a list of insurance related measures enacted during a special session of the Florida Legislature in January 2007. Keeping property insurers in the market and diffusing the large number of policies that state-backed Citizens Property Insurance Corp. wrote over the past four years have been major challenges [...]
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