Managing an Agency in a Troubled Economy: Smart Cash Management Pays Off
A recent Insurance Journal survey found that insurance agencies are reducing fixed costs and unnecessary spending. According to Bob Pettinicchi, executive vice president and senior lending officer for InsurBanc, one of the ways for agencies to reduce costs is to review relationships with banks. Similarly, Pettinicchi warns agencies against becoming a bank for their insureds.
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Markets in Motion: Solar Manufacturer Warranties
The alternative energy market has many complicated angles to it, including solar warranties, which are essential to solar manufacturers as well as to the development and funding of solar projects.
According to Mike McMullen, president of PowerGuard Specialty Insurance Services, banks are hesitant to lend against some larger solar projects because of the severe credit [...] -
Excellent Claims Service when Clients Need it Most
Engle Martin & Associates is an independent adjusting firm providing claims services to the insurance industry. In this interview with Claims Journal, Susan Froman, Engle Martin’s Director of Sales, discusses the growth of the company and providing service to their clients when they need it most.
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‘Uncomfortable Change’ Paves Road to Perpetuation
Too often agency principals find themselves facing a forced sale as a result of not having a proper perpetuation plan. In this podcast, MarshBerry president John Wepler discusses the many difficult and “uncomfortable” decisions required of an owner seeking to properly–and profitably–perpetuate the firm. Listen to this frank conversation as John offers some good news: [...]
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Get Smart About Insuring Intellectual Property
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 [...]
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Risk Management’s a Priority for Moving Company
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 [...]
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Cyber Breaks, Insurance and Data Breach Response Advice
Stroz Friedberg is a consulting firm that does computer forensics, mobile phone forensics, electronic discovery and cyber crime response, operating at the intersection of law, technology and behavioral sciences. David Garrett, managing director of Stroz Friedberg’s San Francisco office, explains why clients may or may not have cyber risk insurance, whether those that have the [...]
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Value of a Wholesale Broker
The surplus lines market and wholesale brokers play a critical role, representing some 14 percent of the overall property/casualty market. In this interview at the recent National Association of Surplus Lines Offices’ Annual Convention in San Diego, John Wood, president of Specialty Risk Associates and incoming president of the NAPSLO association, discusses a new NAPSLO [...]
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Outsourcing your Marketing Department with NetQuote
NetQuote is designed to be a part of the marketing department for agencies by bringing consumer
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CNA Watching, Waiting On Washington Reforms
With the debate on healthcare reform in Washington focused in part on the repeal of the antitrust exemption for medical malpractice insurers, we asked Thomas Motamed, CNA Financial’s CEO and chairman, what effect he thinks it might have on the medical malpractice market. In addition to healthcare reform, CNA’s Motamed is keeping his eye on [...]
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