The personal auto market remains competitive across the country, even as rates begin to creep upward. Experts in the field said they expect competition to continue throughout the year and into 2010.
Since desperate times often prompt desperate measures, companies should be on the lookout for a spike in criminal acts by employees fearful of losing their jobs in a worsening economy, risk managers were warned here last week.
Independent agencies that do an outstanding job selling insurance and providing risk management services for their clients are urged to enter the 2009 NU "Commercial Insurance Agency Of The Year" award program, with entries due July 13.
While comparisons to mold and asbestos are inevitable, liability insurance exposures arising from the installation of tainted Chinese drywall in Southeast homes will not grow to asbestos-like proportions, legal experts predicted recently.
Larger insurance brokers are expected to see improvements in earnings as the market cycle begins to turn, but middle-market intermediaries may still suffer from the effects of the economic downturn, according to a financial analyst's report.
Some buildings constructed of reinforced concrete that were at the epicenter of the April 6 earthquake in Italy's Abruzzo region survived gravitation forces that were off the chart, a survey has found.
Little insurance is available to protect business against the current swine flu outbreak, and managers need to be aware of how to minimize potential infections among staff, experts said.
Following the announcement that Farmers Group Inc. had purchased 21st Century Insurance for $1.9 billion earlier this month, Farmers' chief executive suggested that major job cuts are not in the cards for the new acquisition.