The economic crisis has compounded the usual issues facing recreational marine claim departments. Consequently, claim adjusters must fully understand many lines of insurance.
As employers and their insurers grapple with increased numbers of employment practices liability claims in a recessionary economy, they are also facing emerging exposures associated with a changed political landscape.
Independent agents can help make up for declining premium growth in a soft market and a recessionary economy by helping clients create captive insurance companies, where appropriate, one alternative market manager suggests.
William P. White, who helped establish and build the Delaware State captive insurance operation, will be leaving at the end of July, National Underwriter has learned.
The World Health Organization declared today that swine flu H1N1 virus is now a full-fledged pandemic leading an insurance brokerage to warn businesses they must be ready to cope with its effects.
I come, hat in hand, again surveying the dregs left in an empty coffee cup, to see what lies ahead for our property and casualty claim-adjusting industry.
Insurance carriers, particularly property/casualty companies, continue to invest vast amounts of money in the acquisition of new core insurance application systems and the subsequent replacement of aged and brittle legacy assets.
We may not notice all the changes that have taken place over the last decade unless we dial the clock back to 1999 and remember what life was like then for insurance IT.
Regardless of a motorcyclist's skill set or how cocooned he is with safety gear, any on-road motorcycle trip can end at heaven's pearly gates instead of a home garage.