The Perfect Storm
A perfect storm could be in the industry’s forecast should the impact from the subprime fallout, natural disasters and carrier reserve redundancies converge later this year, says Paul Springman, president and chief operating officer of Markel Corp. In this interview with Insurance Journal’s Andrea Wells, Springman says that while he remains optimistic about the future of the P/C insurance market, Markel will plan and prepare for a prolonged soft market, and seek out new opportunities for growth.
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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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Motamed Settled In As CNA CEO
After 30 years at Chubb Corp, Thomas Motamed joined CNA Financial in January, 2009 as chairman and CEO. In this interview with Insurance Journal’s Andrew Simpson, Motamed talks about the changes he has made at CNA and what he sees down the road.
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Today’s Fidelity & Crime Insurance Market
If you ever had doubt about the need for Fidelity & Crime Insurance –which protects employers against employees stealing from them– just check out the annual report on embezzlement put out by the Boston-based law firm Marquet International . The study has some noteworthy findings, including:
- The average loss is more than $1 million.
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CAA Producer Development Program: A Partnership Experience
The Texas-based agency network, Combined Insurance Agents of America, or CAA, began experimenting five years ago with a program to assist and train producers exclusively for the agency partners within CAA.
In a recent conference call with Insurance Journal’s Stephanie K. Jones, CAA members discussed the evolution of what eventually became known as its producer [...]
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