The climate has changed for the insurance industry, says Washington Insurance Commissioner Mike Kreidler, who thinks insurers can’t continue to walk away from tough markets but must get involved in mitigation, building codes and climate change. He spoke with Insurance Journal’s Andy Simpson last fall.
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 [...]
In this economy, agents must be looking at how they are managing their agencies overall, but they also have to set priorities. Insurance Journal’s Andy Simpson asked Juan Andrade, executive vice-president for sales and distribution at The Hartford, where he also oversees the agency management consulting arm, Business Management Group, what agents’ priorities should be.
Big “I” Bob Rusbuldt blasts secret class action deals that infringe upon agency compensation.
Brian O’Loughlin is managing partner at The Vine, a San Diego, Calif. restaurant that serves wine and beer, and food that pairs well with both. In this episode of Watching the Risks, Brian explains The Vine’s insurance risks and coverage and outlines staff training and other measures he uses to manage risk.