It’s Only a Matter of Time
The directors and officers liability market has been impacted by a number of events in the last decade, including issues arising from the sub-prime lending meltdown. While the impact of today’s mortgage crisis on the D&O market remains to be seen, Carl Pursiano, Senior Vice-President for Liberty International Underwriters, says the industry is well-prepared to handle the fallout but adds it’s only a matter of time before rates begin to firm, again.
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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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Private Equity in Today’s E&S Brokerage World
Private equity has come to play a bigger role in the excess and surplus lines industry for aggregators, start-ups and other brokerages. Is this capital good for the industry? What are the challenges for wholesalers partnering with private equity firms? Will the private equity partners be happy with their investments or look for quick exits?
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Los Angeles “I” Day Interview with Louis Gideon
National Editor Andrea Ortega-Wells and Louis Gideon, vice president of sales for U.S. Plate
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Substantial Catastrophes
Beazley Group’s Judy Patterson took some time out of her schedule at the National Association of Professional Surplus Lines Offices to offer her take on subjects like catastrophes, risk, rate stabilization and surplus lines. One thing that’s important to note, she says, is that this year has seen an almost unprecedented level of substantial catastrophes, [...]
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