August 19
MIDDLE MARKET: Chubb Identifies Clients’ Top Concerns
Together with the National Center for the Middle Market (NCMM), which is housed at The Ohio State University Fisher College of Business, Chubb has published a summary of findings from the Middle Market Indicator (MMI) report. The latest poll was conducted in the second quarter of 2019, and explores macro trends – both current and emerging – plus business risks within the middle market. The summary measures past and predicted revenue growth, employment growth, economic confidence levels and business investment.
“Cadillac Cash”
Way back when I did some boxing—I was a welterweight then—I learned the expression “Cadillac Cash.” It referred to the monies a new contender or champ would spend from his first real earnings on a new Cadillac. This was well before Mercedes invaded the US luxury market. The monies usually wound up being largely wasted, […]
Failure to Post Notices: Inflation Penalties Coming Your Way
υCongress has found another way to harass insurance industry employers by passing a new law called the “Federal Civil Penalties Inflation Adjustment Act.” It directs federal agencies to increase civil penalties for failure to post required notices of various discrimination laws in places where they are reasonably accessible by employees. As a result, fines have […]
Making Connections in a Connected World
The core principals of selling insurance protection haven’t really changed that much. The tools and speed with which it happens have changed as have the number and aggressiveness of competitors in the marketplace. What has changed for both young (and old) producers is prospecting for new clients. Today’s world of social media and the internet […]
Fire Prevention Starts in the Kitchen
Berkshire Hathaway GUARD Insurance Companies Announces Partnership with Auto-Out Automatic Stovetop Fire Suppressors WILKES-BARRE, PA—Kitchen fires are a common occurrence fueled by the combination of everyday distractions, hot kitchen stove burners, and the grease laden environment of the kitchen. According to the National Fire Protection Association, a home fire occurs every 88 seconds and cooking […]
Elany Congratulates Past Chairwoman Janet Pane on Insurance Business America Honor
ELANY Immediate Past Chairwoman Janet Pane has been named to Insurance Business America’s 2019 Elite Women list. Janet is Managing Director and Head of Global Services & Solutions for Willis Towers Watson. ELANY has benefitted from Janet’s extraordinary vision and energy since she joined its Board of Directors in 2009. Under Janet’s leadership, ELANY instituted […]
The Extended Impact of Opioid Abuse
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Assistant Vice President/Media Editor Every day more than 130 people in the United States die from drug overdoses (www.drugabuse.gov). The opioid abuse problem is not limited to the abuser and their family. Opioid abuse impacts all of us, with estimated costs to the United States […]
Excess of Loss or Quota Share Reinsurance When Excess of Loss is the Better Bet
By Joe Chvasta, JD, CPCU Recently, I had the opportunity to compare claims scenarios of an excess of loss proposal with a quota share proposal for the liability coverage of our captive risk association. The results surprised me. Excess of loss is a form of non-proportional reinsurance in which the reinsurer indemnifies the ceding company […]
Maine Superintendent Cioppa Outlines NAIC Concerns
NAIC President Sets Agenda As the NAIC meeting opened in early August, Commissioner Eric Cioppa of Maine keynoted the important regulatory gathering. Here are his remarks. Kurt Vonnegut labeled New York City “Skyscaper National Park” in his novel Slapstick. New York is known for its many unique and beautiful tall buildings. It is also home […]
