Robert Hartwig, President of the Insurance Industry Institute (I.I.I.) weighs in with great news for workers' compensation brokers. Energy, natural resources, agriculture, health care, and transportation and infrastructure are at the beginning stages as the country’s newest growth engines, Hartwig says. “And many insurers would find that they are underexposed to these sectors,” Hartwig says. The […]
BROKER OPPORTUNITY!! Are you a broker that has placed business with The Hartford and seen clients' losses go up? Are you prospecting an account that has contributed to The Hartford's bad loss ratio? If you answered yes, then I see a big Broker opportunity here called Workers' Compensation Premium Recovery Service for Brokers. Knock down […]
The New York Rating Board approved an increase in the split point from the current $5,000 to at least $15,000 in several steps, with the first step to be set at $10,000 effective October 1, 2013. Further research was recommended to determine appropriate split points subsequent to that date. New York is making these changes […]
“Prospects for revenue and earnings growth for U.S. insurance brokers in 2012 will likely match or exceed levels reported for the first nine months of 2011, Fitch said in its “2012 Outlook: U.S. Insurance Broker Industry.” I believe that based on all the 2012 Workers’ Comp premium increases, plus the fact that payrolls at this […]
HEY Brokers, New York counties are looking for private insurance! The New York State Association of Counties (NYSAC) announced last week it has teamed up with PERMA, the state’s largest municipal workers’ compensation pool. This partnership is partially being formed to sent a message to Albany that since the 2007 workers comp reform was put […]
