GLG News by Personal and Commercial P&C Insurance Brokers

With so many licensed Insurance agents in the market place these days competing for the same household and many unrelated  companies offering insurance to their customers, it's not only hard to grow a new agency, it's hard even to grow an established one.

Even after the Business Owner's Policy has paid a party/parties injured by the company, those that run the company could, and most probably will, face litigation in which they are the subject

Competition, not regulation, has brought about the first stages of recovery.

With mixed results on the brokerage side, what areas are analysts probing as we head into a potentially prolonged soft market?

In today's environment of complex risks and exposures to loss, it is important to present a concise analysis of the risks and exposures that the Insured is wanting Insurers to assume. The question is who pays for this critical information- the Insured or the Insurers? Both parties benefit from...

How hard could it be to start an insurance agency and make it profitable?Would it be wiser to learn first under mentors?

The growth of bancassurance is underway in many parts of the world, although still in limited sectors and product lines . In the United States, it's growth and success will depend on the markets ability to expand and improve the product line and distribution channels.

Insurers and Agencies must change their marketing philosophies and evolve into high volume insurance retailers, not only to grow but survive.

With the majority of carriers filing for rate decreases nationally, this proves to be a great time for the customer, insurer and agency.How can the carriers do it? What happens to those few carriers who refuse to follow the current market trend and adjust their business plans?

Staff will do all they can to ensure the growth and profitability of agency in which they have a vested, financial interest. Staff whom have such a benefit will stay longer as most competing agencies (meaning those competing for experienced insurance professionals) do not offer lucrative benefit packages...