New England Insurance Agent Blog

A Dozen Tips Toward Leadership

Bob Schackner shares his insights on leadership and management. I've spent more than 46 years working at one job or another the last 25 or so as a supervisor of some kind. I learned a long time ago, being a manager doesn't necessarily qualify you to be a good leader. Good people will follow you because they want to, not because they have to. I also learned how not to be a leader by some of the worst bosses under whom I served. After all this time, someone asked me what helped me ...

Insurance news beat: catastrophes, manufacturing trends, disability insurance, Marathon bombing & more from the headlines

Tornado fallout - The insurance industry is poised for a deluge of tornado claims. Oklahoma Insurance Commissioner John Doak estimates that the Moore tornado did more than $3 billion in damages. According to Air Worldwide Corp., property worth more than $6 billion was within the track of the tornado. The Washington Post reports that tornadoes have done record damage in last five years: "In 2011, massive, long-track tornadoes struck Tuscaloosa, Ala., and Joplin, Mo., and insurance companies ...

State of the Line: Workers' Comp Shows Improvement

NCCI has issued its annual report on the status of workers compensation. There's a lot of good news, along with a few warning signs of potential problems on the horizon. If you want the details, check out Chief Actuary Dennis Mealy's presentation. Premium across the country is up by $3.3B, about 9 percent in all. The all-important combined ratio has dropped from 115 to 109 (projected). Given the very low interest rates (which seriously impede investment earnings), 109 is still high, but ...

5 Insurance Twitter Tips to Reach More Consumers

Thinking about using Twitter to reach insurance consumers? If you don't know much about Twitter or how to use it, there's a good chance you won't get the results you are hoping to get. First, a little tutorial about Twitter: It's a social network that allows users to share information with each other. Unlike other social networks there is a limit to how many characters can be in each post or Tweet. In other words, it's sort of like micro-blogging. You have to condense your message to 140 ...

Focus on Workers Comp: Profiling the New England States

Among the New England states, Massachusetts was the first to offer workers compensation insurance, in 1902. One hundred years later, all states have comp. The benefits are similar but by no means identical and the cost to employers - ever a sensitive point - vary greatly from state to state. So what's happening across New England? Which states are the most expensive and which the least? If you have not been tracking this critical issue, be prepared for some surprises. Every two years the ...

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