June 29, 2022
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  • INDUSTRY NEWS
    . .

    Guy Carpenter & RAA Execs on CAT Losses, Elections, & (Re)Insurance Markets

    . .

    Social Inflation, “Nuclear Verdicts” & Extreme Weather Top Insurer Issues in 2020 – NAMIC CEO.

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    “Still Opportunities to Get Things Done Despite Dysfunctional US Government” – APCIA CEO

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    Innovation is Happening in Insurance, but Not Disruption – Not Yet! – Aisus CEO

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    NY Insurers Face Challenges and Opportunities in Tech, Financial Literacy – NYIA

  • COMMERCIAL RISK
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    Strong economy, construction/transportation trends bode well for inland marine – IMUA & Allianz Execs

    . .

    Climate Change Affecting Insured Losses, but Hard to Quantify – Dr. Klotzbach, Colorado State University.

    . .

    Independent Agents See Growth Across All Lines, Despite Challenges – Big I CEO

    . .

    Technology and “Lookers” Enhance Claims Management process – Crawford COO

    . .

    Cyber cover evolves as insurtech explodes – Business Insurance editor

  • CONSUMER RISK
    . .

    FL Commissioner Optimistic about Emerging Consumer Products/Services

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    New Revenues for Insurers Exist in Sharing Economy – Re-Sure CEO

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    Insurers need “sense of urgency” to improve claims and risk assessment process

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    “Amazoned” consumers present challenges & opportunities to personal lines insurers.

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    “Upstart Insurtechs” raising the bar in homeowners market – LexisNexis exec.

  • REINSURANCE/ILS
    . .

    Guy Carpenter & RAA Execs on CAT Losses, Elections, & (Re)Insurance Markets

    . .

    Robust Reinsurance Market Not Without its Challenges – RAA CEO.

    . .

    Customer Experience…a Modern Differentiator for Insurers – BMS Re CEO

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    US Reinsurance Market “Healthy” While Facing New Threats & Opportunities

    . .

    Reinsurance upgraded to “Stable” as A.M. Best cites possible “inflection point”

  • CAREERS/PROFESSIONAL DEVELOPMENT
    . .

    P&C Industry Gives $1B+/year to Charity…IICF on Women in Insurance & Millennial Summit

    . .

    St. Baldrick’s Carries on Tradition of Giving – NAMIC CEO

    . .

    Looking ahead…Automation, Robotics and AI could help fill “Talent Gap”

    . .

    Grow by Solving Society’s Problems…A.M. Best exec.

    . .

    Spencer Foundation fights “war for talent” with scholarships, grants and internships.

3 New Articles
  • Oct 12, 2020 Guy Carpenter & RAA Execs on CAT Losses, Elections, & (Re)Insurance Markets
  • Feb 6, 2020 Strong economy, construction/transportation trends bode well for inland marine – IMUA & Allianz Execs
  • Jan 29, 2020 Social Inflation, “Nuclear Verdicts” & Extreme Weather Top Insurer Issues in 2020 – NAMIC CEO.
Home COMMERCIAL RISK Agents/Brokers/Consultants

Agents/Brokers/Consultants

Independent Agents See Growth Across All Lines, Despite Challenges – Big I CEO

By WRIN.tv News Desk
Feb 13, 2019
in :  Agents/Brokers/Consultants, COMMERCIAL RISK, FEATURED, Legislation/Regulation, Recent Stories, Working in Risk & Insurance, WRIN.tv Newswire

In this edition of “Focus”, WRIN.tv speaks with Bob Rusbuldt, President & CEO of the Independent Insurance Agents & Brokers of America (IIABA) about the health of “Independent Agents”, which Mr. Rusbuldt describes as “robust and well.” Mr. Rusbuldt notes an Agency Universe Study of the independent agency system, conducted by the “Big I”, which found that revenues are up, …

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Fragmentation of business model forcing insurers to be flexible…pivot quickly.

By WRIN.tv News Desk
Apr 12, 2018
in :  Agents/Brokers/Consultants, Data/Tech/Modeling, EMERGING TRENDS, FEATURED, INDUSTRY NEWS, Reinsurance Markets, WRIN.tv Newswire

Fragmentation is a major issue within the insurance industry today, according to Phil Reynolds, CEO & Co-Founder of BriteCore. Traditionally carriers sold products through agents, and were backed by reinsurers. Now, insurtechs are challenging traditional distribution and underwriting models, while reinsurers are going directly to the market through MGAs (Managing General Agents). There is a lot of flux. As a …

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“Excellence in Risk Management” report sheds light on risks from disruptive technologies.

By WRIN.tv News Desk
May 1, 2017
in :  Agents/Brokers/Consultants, COMMERCIAL RISK, Corporate Risk Management/ERM, EMERGING TRENDS, FEATURED, Recent Stories, WRIN.tv Newswire

Brian Elowe, Marsh’s U.S. Client Executive Leader, reviews the key findings from the 14th annual Excellence in Risk Management report, published jointly by Marsh and RIMS. He sees a gap between the use of ‘disruptive technologies’ and the understanding of the risks that come with it. Mr. Elowe, who co-authored the report, begins by recognizing examples of ‘disruptive technologies’ such …

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Erie CEO looks to extend “hi-touch” model to online millennials by diversifying agency force.

By WRIN.tv News Desk
Nov 4, 2016
in :  Agents/Brokers/Consultants, Agents/Consultants, Companies

Soft market conditions, low interest rates and regulatory oversight were among the issues Tim NeCastro, President and CEO-designate of Erie Indemnity, discussed at the 2016 PCI Meeting in Dallas. He expresses concern about the “strident tone” from Federal regulators and the broad brush targeting the banking and financial services industry unfairly including the insurance industry. Mr. NeCastro says the Erie’s …

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Small Business Insurance Market being reshaped by new entrants, new capital, new distribution channels.

By WRIN.tv News Desk
Oct 17, 2016
in :  Agents/Brokers/Consultants, P&C, Specialty Lines

Leslie Rippley, VP of Commercial and Agricultural Lines at AAIS, sees a lot of change in the small business insurance segment with regard to technology, appetite, and a continuing flow of capital. Ms. Rippley says the carriers that introduced BOP (Business Owner Policy) products in the 1980s once dominated the small business category. Now, new entrants, news capital, new distribution …

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CIAB sees “Buyers’ Market” continue in Commercial P&C

By WRIN.tv News Desk
Aug 12, 2016
in :  Agents/Brokers/Consultants, COMMERCIAL RISK, P&C

In a new report, the Council of Insurance Agents and Brokers (CIAB) says Commercial Property-Casualty rates decreased by an average of 3.9 percent in the second quarter of 2016. Carriers appear to be pricing new business aggressively, while trying to hold rates steady on renewals. According to CIAB President & CEO Ken Crerar, The Council is keeping a close eye …

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Broker ability to aggregate data and create insurance solutions is driving growth in Program Business.

By WRIN.tv News Desk
Sep 15, 2015
in :  Agents/Brokers/Consultants, FEATURED, Recent Stories
Jaime Miller - Swiss Re

According to Jamie Miller, Head of Property North America at Swiss Re, the biggest factors driving market conditions in the property market are over capacity driven by a lack of natural catastrophe losses. He sees a large number of carriers entering the excess and surplus (E&S) lines market as a result. With favorable market conditions and low cat losses, oversupply …

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In connected age, social media supports insurance sales to “professional vetters”

By WRIN.tv News Desk
Jul 8, 2015
in :  Agents/Brokers/Consultants, Agents/Consultants, Data/Tech/Modeling, Recent Stories

In this edition of ACORD Tech Talk, host Johnell Johnson welcomes back the Managing Editor of Agency Nation, Ryan Hanley to discuss how social media can support the four stages of insurance sales. According to Mr. Hanley, traditional selling included interrupting the life of “unconnected generation consumer” with a commercial ad or phone call.  But efforts like cold calling do not …

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Cyber security starts with breaking down silos and communicating with all risk stakeholders – Marsh

By WRIN.tv News Desk
May 7, 2015
in :  Agents/Brokers/Consultants, Corporate Risk Management/ERM, Data/Tech/Modeling, EMERGING TRENDS, FEATURED, Recent Stories
Bob-Parisi-Marsh

      WRIN.tv spoke with Marsh’s Cyber Product Leader, Bob Parisi, during the recent RIMS Conference in New Orleans, about the pervasive nature of cyber threat and what risk managers can do to manage the risk. While it is hard to quantify the cyber threat to American businesses, Mr. Parisi says, “any company that touches and handles confidential information, …

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Insurance industry needs to “demystify” risk analytics to gain greater acceptance

By WRIN.tv News Desk
May 6, 2015
in :  Agents/Brokers/Consultants, Claims Management, Corporate Risk Management/ERM, Data/Tech/Modeling, FEATURED, Recent Stories
John-Merkovsky-Willis-RIMS

John Merkovsky, Group Head of Risk Services at Willis, spoke with WRIN.tv during the 2015 RIMS Conference in New Orleans, about the latest in risk management analytics, and the need to unlock the mysteries surrounding their benefits. Risk Managers are looking for more information and certainty so they can make better and informed decisions. Mr. Merkovsky says risk analytics help …

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AJ Gallagher CEO sees cyber risk and health insurance legislation as top concerns for companies

By WRIN.tv News Desk
May 5, 2015
in :  Agents/Brokers/Consultants, FEATURED, Recent Stories, Working in Risk & Insurance
Pat Gallagher--RIMS

    Arthur J. Gallagher CEO Pat Gallagher spoke with WRIN.tv during the 2015 RIMS Conference in New Orleans. Here, he discusses the top issues facing risk managers today, including cyber risk, healthcare legislation…and more. According to Mr. Gallagher, the most important issue facing risk managers is cyber risk, from “being hacked to just having information escape. “   While there …

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Aon’s Global Risk Management Survey reveals some surprises in risk ranking

By WRIN.tv News Desk
Apr 28, 2015
in :  Agents/Brokers/Consultants, Corporate Risk Management/ERM, EMERGING TRENDS, FEATURED, Recent Stories
rory-moloney-Aon-RIMS-2015

Aon released its Global Risk Management Survey during the RIMS Conference in New Orleans.  Here, Rory Moloney, CEO of Aon Global Risk Consulting, reviewed the results of the survey, the “Risk Issues” facing companies today, and how they are affecting the role of risk manager. Mr. Moloney says the Top 5 Global Risks included: Brand and Damage to Reputation, Economic, …

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Insurers asked to help assess, mitigate and transfer cyber risk

By WRIN.tv News Desk
Apr 13, 2015
in :  Agents/Brokers/Consultants, EMERGING TRENDS, P&C
Dr. Robert Hartwig, III

Dr. Robert Hartwig, President of the insurance Information Institute (III), sees cyber insurance as a bog opportunity for insurers. Ina recent III poll of senior executives in the insurance industry, 80% view cyber as a major growth opportunity for property-casualty insurers and reinsurers Dr. Hartwig mentions that number of insurers have rolled out policies in the U.S. and other countries. …

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Environmental risks from fracking not supported by science – Towerstone Director

By WRIN.tv News Desk
Mar 19, 2015
in :  Agents/Brokers/Consultants, FEATURED, Legislation/Regulation, P&C, Recent Stories
jeff-hubbard,-Towerstone

Jeff Hubbard, Director of Environmental Practice at Towerstone, a wholesale insurance broker and MGA, discusses emerging environmental risks associated with drilling for oil and gas. Hydraulic fracturing (Fracking) and the risk to water supply have been concerns, but environmental risks to air quality are now complicated by government regulations at the federal and state level. The most pressing environmental issues …

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Cyber coverage advice: beware exclusions, trapdoors and gaps in Privacy Breach Coverage.

By admin
Jan 14, 2015
in :  Agents/Brokers/Consultants, Data/Tech/Modeling, FEATURED, Specialty Lines
Vallone-Davis-Cyber Liability

In this edition of Cyber Risk – The Threat…The Response (sponsored by Worldwide Facilities, Inc.), guest Steve Vallone, a Broker at Worldwide Facilities and Serene Davis, a Professional Liability Underwriter at Beazley, discuss privacy breach insurance. According to Ms. Davis, “Privacy breach insurance is…a liability policy…that is secondary to first-party coverages…When a breach occurs, there are multiple steps…and large costs involved in …

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WRIN.tv Rewind:Gallagher Chairman, CEO & President on the evolution of brokers, alternative capital and more.

By admin
Jan 9, 2015
in :  Agents/Brokers/Consultants, Reinsurance Markets
WRIN.tv Rewind Pat Gallagher

In this edition of WRIN.tv Rewind, we revisit a discussion with Pat Gallagher, Chairman, President and CEO of Arthur J. Gallagher. Here, he explains the evolution of the role of broker, and why alternative capital is not so “new”, but a creative way to solve risk management problems. To be viable, Mr. Gallagher says brokers need to understand their client’s …

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Issues D&O underwriters need to know when evaluating a life science company – EVP at RT ProExec

By admin
Jan 7, 2015
in :  Agents/Brokers/Consultants, COMMERCIAL RISK, FEATURED, Specialty Lines
Kevin LaCroix

In this edition of the D&O & Life Sciences series, sponsored by RT Specialty Group, host Michael Garofalo, SVP in the National Life Science Practice at RT Specialty, welcomes Kevin LaCroix, an Executive Vice President at RT ProExec, a division of RT Specialty.  The topic is D&O issues for life science companies. “Life Science companies are vulnerable to securities litigation,” …

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All About Unopened Sports Cards

By 123@kjdfskl.net
Jan 21, 2014
in :  Agents/Brokers/Consultants, P&C, Reinsurance Markets

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