Most respondents to a recent AA&B survey maintained agency E&O insurance and more complex coverages, including prior acts, first-dollar defense, carrier insolvency and defense outside the limit.
It's officially spring. The swallows have returned to Capistrano, the independent insurance agents have lobbied Capitol Hill and here in Chicago, we're hoping that baseball's opening day doesn't bring snowfall.
Congress's failure last week to reauthorize the National Flood Insurance Program once again leaves consumers in limbo, especially those that plan on closing on property purchases within the next few weeks.
Although the CEOs of four global insurers are seeing some green shoots of economic improvement, they predict a long, slow recovery and a soft insurance market cycle that could extend well into the decade.
Congress's stall to reauthorize the National Flood Insurance Program (NFIP) has thrown the insurance market into disarray. With more than 5.6 million policies in effect, and so much at stake, what can agents and brokers do to advise their customers?
With a Republican Senate win tipping the Congressional balance away from the Democrats (see "Legislative Roundup"), healthcare reform has officially been relegated to the back burner.
AA&B spoke with three wholesalers/program administrators specializing in boat, yacht and marina insurance about what they're seeing in the current market and how retail agents and brokers can "shore up" this specialty business until the seas are calm.