Webster's dictionary defines resiliency as "an ability to recover from or adjust easily to misfortune or change." The degree to which a business can recover in the face of a crisis, disaster or destruction of all or part of its operations is often contingent on the...
Let's turn the tables this issue and instead of regurgitating our own or somebody else's opinion, let's take a look at yours.
Insurance Journal carries a regular poll on its Web site. We ask questions on agency management, markets, the economy, regulation and more....
Injury awards from company outings or "forced fun" events are sure bets to garner headlines when they are decided by courts or appeal boards. But of course, not all such claims end up in dispute. In fact, they are more often routinely processed by brokers and their...
Garages are somewhat complicated risks. A myriad of exposures are present within a garage operation hitting nearly every major commercial insurance exposure from property through liability and bailment risk. Following is a brief synopsis of the information...
Phyllis Young with her co-worker and friend, Sarah Bales, won the hula-hoop contest and the balloon toss, making them the favorites to also win the three-legged sack race.
Young and Bales didn't win the sack race because, unfortunately, Young fell during the...
Establishing associational and unit owner property values requires knowing who is responsible for insuring which property and which valuation method (actual cash value, replacement cost, or market value) is being applied.
Cost estimators are effective tools for...
Good news and bad news for independent agencies was reported in The Independent Insurance Agents and Brokers of America (the Big "I") latest annual study of Best Practices agencies.
Overall organic growth within independent insurance agencies is down; that's the bad...
Statutes and even associational declarations differ on the valuation method required when placing insurance coverage on the association's property. Actual cash value (ACV), replacement cost (RC) and even market value are mandated options in statute and associational...
Insurance agency owners are always looking for ways to generate more income and grow their business. This typically involves spending a lot of time, effort and money on marketing and selling to new prospects. As acquisition brokers and consultants to insurance...
Completing the condominium insurance picture necessitates "jigsaw puzzle" tenacity. Quite a few pieces must be snapped together to assure the proper insurance picture is presented; any missing information can leave a gaping hole in either the association's or unit...
