The recession may actually have an upside for workers' comp insurers, because contrary to popular belief, fewer people are likely to be injured on the job in an economic downturn, one expert revealed.
Conditions are ripe for a hardening market, but economic realities may not allow that to happen right now, a senior executive with CNA predicts, calling for independent agents to focus on delivering better service and added value as risk managers.
The June 15 deadline is looming as National Underwriter invites entries for its third annual "Award For Excellence In Workers' Compensation Risk Management," sponsored by the National Council on Compensation Insurance.
The assessment was made in light of the New York-based insurer's calculation that the government would continue with its current financial commitments and that it would be able to dispose of non-core
Vertafore, a provider of market-leading software and services to the insurance industry, has announced the availability of Producer Plus 1.5, an upgrade to the existing software program that enables
Out of all the economic problems facing insurers and their agents these days, the prospect of runaway inflation spurred by massive government spending is the biggest long-term threat, top CEOs warned.
The London market in general and Lloyd's in particular are in the proverbial catbird seat, with deep pockets of capacity and a reputation for stability drawing more business--tempered by a commitment to underwriting discipline and risk-based pricing.
To paraphraseRicky Ricardo'srepeated warning tohis wacky but lovable spouse in "I Love Lucy," AIG CEO Ed Liddy will have "a lot of 'esplaining' to do" ...
Producers can add value to their services by helping clients understand the implications of the economic and political climate relative to their insurance needs.
ORLANDO, FLA--The National Council on Compensation Insurance management said yesterday it expects to start using its new methodology for occupational risk classification on Oct. 1.