New York agent associations are taking steps to inform their members about the state Insurance Department's new regulation on producer compensation disclosure, developing online programs and overviews in anticipation of the new rule.
In a market where growth seems elusive, the leader of Connecticut's newest managing general agency believes his startup could bind $10 million of new business by year's end.
Insurers wage a constant battle to keep costs down while promoting growth. This balance is especially tricky when it comes to data quality technology upgrades, which can be difficult to quantify without proper planning.
There's never been a point in time when the financial side of the business was not important, but the recent recession created even more of a need for the financial people.
As the saying goes, there's only one chance to make a first impression. In the insurance business, oftentimes that chance happens when claims occur.