As the Northeast hunkers down in the face of Hurricane Sandy, weather service forecasts say that its impact could be worse than last years Hurricane Irene--but one analyst says that the storm may not be enough to turn the market sharply.
As the Northeast hunkers down in the face of Hurricane Sandy, weather service forecasts say that its impact could be worse than last years Hurricane Irene--but one analyst says that the storm may not be enough to turn the market sharply.
Two major earthquakes struck off the Western coast of Canada over the weekend, but the most powerful quake was expected to cause no significant insurance losses, one catastrophe modeler says.
Dayton Beach, Fla.-based insurance broker Brown & Brown saw its net income rise 12 percent ($5.33 million) in 2012s third quarter to $49.5 million. Revenues were up 17 percent ($43.4 million) to $303.8 million.
One of the major changes under the Patient Protection and Affordable Care Act (PPACA) will be the mandated creation of state insurance exchanges by 2014. The exchanges will be able to craft plans for individuals and small businesses that were previously paying higher premiums or unable to afford coverage.
The Patient Protection and Affordable Care Act has brought a degree of uncertainty to property and casualty independent agencies sale of employees benefits, but some experts say it may also be a time of opportunity for them as clients learn to navigate the new health care benefits landscape.