While commercial insurance buyers agree that their renewal processes are smoother and more transparent than before Eliot Spitzer's broker investigations, some feel that with mounting paperwork and the broker migration, the bumpy ride is not yet over.
"The experiences we've been through have been positive for the industry in several ways," said Ellen Vinck, past president of the Risk & Insurance Management Society Inc., who spoke in her capacity as vice president, risk management and benefits with BAE Systems Ship Repair in San Diego, Calif.
"There is a price to pay for it," however, she said, "which is a lot of the paperwork associated with transparency and having to sign off for certain things when going out into the market."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
