Agency Management

Cutting-edge technology and evolving business strategies will be revealed to insurers, reinsurers, producers and other insurance industry-related professionals attending the 2009 ACORD LOMA Insurance Systems Forum.

While the premiums generated from writing transportation risks may seem tempting to insurers, experts in the field warn that a certain level of expertise is required to turn those premiums into profit.

In spite of the impact of an economic recession and the unraveling of one major competitor, the property-casualty insurance business--and the specialty insurance market, in particular--remain strong, according a specialty carrier executive.

Even as some insurance industry bonuses draw criticism, Jack Windolf, the chief executive officer of Bollinger Insurance Solutions brokerage, is drawing national acclaim for dishing out $1,000 to all 434 company employees from his own pocket.

At a time when many are suffering from the collapse of financial institutions and other key sectors through no fault of their own, the insurance industry seems committed to greater opacity, and indeed, compounding the hardship of working families.

The good news for insurance brokers who place directors and officers liability insurance is that most insureds and carriers believe producers are positive and relevant factors in the resolution of D&O claims.

As the transportation insurance segment goes, so goes the rest of the casualty market, according to those who write the business.

Between 1991 and 2004, U.S. insurers paid over $24 billion on asbestos claims, according to the Insurance Information Institute in a report published in October 2008.