Agencies must provide the right kinds of coverage for new and emerging risks. To do so, agents must stay on top of changes in coverage, new markets and much more. But despite all the new and sometimes exotic coverage options available today, the number one agency errors and omissions exposure has stayed the same for more than two decades. Sabrina Sally, senior vice president with Swiss Re Corporate Solutions, who leads the carrier’s U.S. agents E&O program, says the top threat to agencies remains the failure to procure coverage. In this podcast, Sally talks about the agency E&O climate today and offers a few tips on how agency owners can protect their firms in 2012.
Director and officers liability coverage is increasingly being called up to respond to cases involving the Foreign Corrupt Practices Act. Is this right? Susanne Murray, an executive vice president for Alliant Insurance Services, discusses this expansion of D&O coverage in this interview with Insurance Journal’s Andy Simpson at the recent Professional Liability Underwriting Society’s D&O [...]
Director and officers liability coverage continues to evolve. Susanne Murray, an executive vice president for Alliant Insurance Services, knows all about this evolution in her work focusing on executive risk liability exposures. In this interview with Insurance Journal’s Andy Simpson at the recent Professional Liability Underwriting Society’s D&O conference, Murray discusses this evolution of D&O, [...]
In words seldom uttered by P/C insurance executives, Chartis CEO Peter Hancock at the recent Professional Liability Underwriting Society meeting in New York praised regulators and the plaintiffs’ bar. He then spoke with Insurance Journal’s Andy Simpson to explain how he sees these players as partners with the insurance industry in working to make the [...]
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 [...]
Interview with FastSnap Sales Manager, Chris LeJeune, at the IIABA 2003 InfoXchange
Dr. Ayelet Gneezy, Assistant Professor of Marketing at the Rady School of Management at UC San Diego, shares her advice with Tim Saywer about how agents should approach marketing in the new digital age. Prior to graduate school, Dr. Gneezy was a consultant in marketing, servicing companies in various industry areas such as consumer [...]
The soft market’s effect on the economy has forced many standard market insurers to make adjustments in the way they compete for business. This currently includes writing risks that they usually would avoid. James Carey, CEO of Admiral Insurance Co., explains his firm’s reaction to this trend and gives advice on how to [...]