If you are a significant shareholder or owner of a small to mid-sized business and refinancing debt or a bank loan or leasing a facility or new equipment, chances are that the lender or lessor will require you to sign a personal guarantee. For several years prior to the recent recession, credit was easy and it was possible to obtain a line of credit or lease new equipment or space without having to personally back-stop the liability…not today.

Economic pressures, which hurt health insurance companies in 2008, continued to take an effect last year, as growing unemployment meant member loss according to a new report from A.M. Best Co.

Most life insurance products saw year-over-year sales increases, except term life, in the first quarter, if for no other reason than the comparative period from a year ago was one of the worst on record.

Someone has to say it: The foiled terrorism attempt on a Detroit-bound airplane on Christmas day just about buried any potential press coverage of the health care reform bill passed …  Read →

The surplus lines sector of the property-casualty insurance market showed a 67% decrease in profit last year when compared to 2007.

The Professional Insurance Agents of Virginia and the District of Columbia have scheduled its fall conference for Oct. 11 and 12 at the Hospitality House in Fredericksburg, Va.

I have known Ed Curry for years, and in the past he has provided me with invaluable insight and advice in the running of my business. But that doesn’t mean …  Read →

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 →

The severity of the recession is going to hurt both the top and bottom lines of commercial insurers, meaning a ‘turbulent’ year, according to new research.

Commercial insurance is bucking the …  Read →