Not only do property-casualty insurance industry leaders believe the financial crisis is behind them, but they also believe rates are hardening, a new study finds.
The Lockton Monthly Update, which tries to forecast the property-casualty market’s pricing, has suggested twice in the last month that commercial insurance rates, at least in some sectors, are starting to harden.
IFAwebnews.com reports that the property/casualty insurance industry could be in for some turbulent times, with a hardening market brought about by a recession that could see a diminishing supply of insurance, … Read →
An email found its way into my Inbox from an insurance agent who apparently is out of the office and has set up an auto-response for clients who email. Here’s … Read →
A press release from the Council of Insurance Agents and Brokers (CIAB) provides a tiny sliver of optimism for a turnaround of the longstanding soft market in the property and casualty … Read →
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.