Carriers are not the only ones creating new and specialized products. Many large brokers and agencies have found ways to bring in new business by capitalizing on the major headlines. Hiscox also differentiates itself from the kidnap and ransom competition with its...
The last few years of the soft market have forced many carriers and agencies to get creative when it comes to bringing in additional premium. This has included launching new products for specialized risks.
At first glance, it would appear some companies have gone...
Prices for employment practices liability insurance (EPL) are low and capacity is high, making this a good time for agents and brokers to introduce the coverage to their clients, more of whom should have protection against the growing exposure.
Rates have gotten so...
Insurance and real estate agents are being advised to prepare their clients for another possible interruption of the federal flood insurance program in three days, which could be longer than the one that happened last month. ...
Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody's Investors Service.
Losses from Chinese drywall will probably be covered within...
Like grapes, wineries come in many varieties and are often more complex than they first seem. When it comes to their insurance, agents must appreciate that wineries do much more than grow grapes — they are involved a variety of complex activities and...
Carriers and insurance agencies have been looking beyond launching new coverages and expanding products and instead at geographic expansion and staff changes in their search for growth during this soft market. In the last few months alone, a number of insurance...
Risk management is a topic of concern for many types of professionals, none more so than those involved in the building trades.
"Unfortunately, the stakes are raised in tough economic times," said attorney Jay S. Gregory, a shareholder in LeClairRyan's Boston office...
Technology and the training and support of young agents will be essential to the excess and surplus lines business and insurance industry as a whole in the coming years, according to several insurance executives who spoke at the National Association of Professional...
The U.S. Senate last week passed legislation that includes an extension of the federal flood insurance program until March 28. President Obama has signed the measure.
The extension means that the National Flood Insurance Program (NFIP), which has been unable to...
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