Insurance Agent Blog

2014 in Review: Insurance, Social Media & More

Before we ring in the New Year, we thought it might be instructive and fun to take a look back at some of the biggest insurance stories in 2014 - along with a few other events and trends. The World of Insurance Year in Risk 2014 Business Insurance 2014 - Year in Review Property Casualty Top 10 insurance stories of 2014 Looking Back to 2014, Ahead to 2015 at Natural Disaster Activity Wikipedia: 2014 natural disasters Munich Re Report: Top 2014 Weather Catastrophe ...

Industry reactions to nonrenewal of Terrorism Insurance bill

In a surprising move, the terrorism insurance bill died on the Senate floor last week, despite widespread support. "Virtually no member of Congress — Republican or Democrat — wanted the Terrorism Risk Insurance Act of 2002 to lapse at the end of this year. The Senate had passed a revamped version in July, 93-4. The House passed a new compromise last Wednesday, 417-7. Then the bill died — over an objection by a single senator, in large part to a provision unrelated to the federal financial ...

Agent Alert: New Year’s Greetings from OSHA

OSHA has announced some important changes in their reporting requirements, effective January 1, 2015. Unfortunately, OSHA seems to expect American businesses to drop whatever they are doing and read up on the new requirements. Lots of luck with that! In the interests of keeping agents ahead of the curve, here is a brief summary of the pending changes. The changes fall into two categories: first, what specific injuries need to be reported and by whom (the list in both areas has expanded); ...

Caring Company Recognizes Liberty Mutual Insurance, Safeco Insurance for Community Service

Caring Company, a Renaissance Alliance charitable initiative, is pleased to recognize two of our insurance partners for outstanding commitment to their customers and communities: Liberty Mutual Insurance and Safeco Insurance. Of the recognition, Renaissance Alliance President Bruce Cochrane says, “A Caring Company is not simply one that offers financial support to a charitable cause; rather, it’s a group of individuals with a common cause who selflessly commit corporate time and personal ...

Down to the wire on Terrorism Risk Insurance renewal

As the congressional session winds down things are at an impasse ... there's one pending piece of business of great importance to the insurance industry: renewal of the Terrorism Risk Insurance Act. If there is no agreement, the effects could be far-reaching - for example, nonrenwal even poses a threat to Super Bowl XLIX. Robert Hartwig of the Insurance Information Institute talks about other Economic and Insurance Implications of TRIPRA’s Non-Renewal. Renewal is a particularly big issue ...

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