Commercial Lines

Times are tough for small and medium-sized insurance agencies in this “new normal” of an economy, with larger agencies starting to dominate the market as the soft market continues.

Web 2.0 not only helps agents do business but also changes the way agents, clients and carriers interact with one another in some very profound ways.

Cargo theft in the United States is on the rise, according to FreightWatch International, with food and drinks surpassing electronics as the most popular target of thieves.

January is done and your arrow aimed at renewal premiums has hit its target. Now what have you got in your quiver to boost your success rate for the rest of the year—or at least until the heavy renewal months of July and October?

BB&T Insurance Services said its revenues dropped 4 percent in the 2010 fourth quarter compared to the same period for the previous year.

If producers were hopeful that a turnaround in the soft market would take place this year, they will be sadly disappointed, as a combination of factors points to a continuation of the current conditions, said Chartis’ U.S. Chief Executive John Q. Doyle.

When push comes to shove, commercial insurers would rather keep business than hold pricing or introduce an increase at renewal.

The House voted late Wednesday mostly along party lines to repeal the health care reform law enacted last April.