The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed over the last couple years as the economy has forced the closure of many businesses and halted many construction...
Residential construction is and has been an extremely important class of business for surplus lines insurers and agents. In recent years, however, demand for residential work in this country has dropped dramatically. According to the U.S. Census Bureau, 1,931,400...
ACE USA, the U.S.-based retail operating division of the ACE Group, has formed a specialized underwriting unit for the renewable energy sector. Part of the ACE Casualty Risk Division, the Renewable Energy Unit will introduce "one stop shopping" with a coordinated...
It has been quiet on the oceanfront in Florida in terms of hurricanes and tropical storms the past few years. However, the low catastrophe frequency has led to an extremely soft and competitive insurance market for Florida excess and surplus companies, according to...
The Gulf of Mexico oil rig disaster has opened up new business prospects for insurance underwriters in the soft ocean marine segment, which includes marinas, ocean cargo, docks, charter boats, commercial fisherman, hull and property & indemnity (P&I),...
The soft market has hit the management liability insurance sector especially hard as capacity has increased tremendously in this segment and rates continue to decline. In an effort to stand out among their competitors, carriers including Zurich, Allied World and The...
ONLINE WEBINAR SERIES (August 3 to October 19, 2010) – Insurance Journal's Academy of Insurance and Kathy Ryan have partnered to created the 12-week course, "Agency Ownership and Management: Developing Your Leadership Potential." This online class, beginning...
Willis North America, a unit of Willis Group Holdings, the global insurance broker, announced today that it has formed a Distressed Assets Practice to advise clients on managing the risks associated with financially distressed, foreclosed or abandoned properties and...
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Zurich's recent decision to open its ZProgramsMatch.com Web portal to all agents and brokers, not just Zurich appointed ones, has caused quite a stir in the insurance community.
"We have seen a phenomenal response so far and are generating significant traffic, lead...
