How much do you get paid? Starting next year, New York insurance agents will have to answer that question to each of their clients, thanks to a new rule enacted by the state’s insurance department. It’s a regulation that will radically reshape how agents deal with their clients, and many agents in the state are unhappy about it. Insurance Journal recently sat down with four agents from around the Empire State to talk about the rule. Their consensus? It’s a bad idea all around.
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Bankruptcies, bailouts and a bear market are making it difficult to price and estimate claims for D&O insurance. In this exclusive interview with Insurance Journal’s Ken St. Onge, Michael Karmilowicz of The Hartford dishes on the state of the D&O marketplace, the new challenges of side A coverage and the problems in setting premiums amidst [...]
State insurance regulators are well aware of the critical role independent agents play in the insurance process. They see a “natural alliance” between agents and themselves. In this report, regulators from Florida, Wisconsin, Oregon, Louisiana and Kentucky discuss how they feel about independent agents.
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.
April 20, 2010 at 8:59 am