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GLG News by Personal and Commercial P&C Insurance Brokers

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October 4, 2007
Odd Couples: Banks and Insurance Brokers
Analysis of: Brown & Brown, Inc. Announces the Purchase of Certain Assets of JPMorgan Insurance Agency, Inc. | www.marketwire.com
Author: GLG Expert Contributor
Banks and insurance agencies and brokerages have long viewed each others as natural allies, and acquisitions of agencies by banks have increased significantly in recent years. The recent disposal of insurance agency operations by Bank of America and JP Morgan suggest a reconsideration of their stra...
October 1, 2007
Insurance Brokerage Revenues: Another Challenge
Analysis of: Brokers Face Tough Ride on New Charges to Insurers | www.businessinsurance.com
Author: GLG Expert Contributor
The global brokers have been challenged since the 2004 New York Attorney General's investigation to find new strategies to grow revenue to replace lost contingencies. One will not be successful: charging the underwriters.
September 4, 2007
Insurance agents must promote themselves, but their agencies too?
Analysis of: Firm Boosts Insurance Agency Web Sites on Google | www.insurancejournal.com
Author: GLG Expert Contributor
Is it enough to hand out business cards, go to network meetings, tell everyone you know you're "in insurance" and work sixty hours a week for a policy a day? Should an agency principal invest the money and use the latest technology to promote the agency without the exhausting and often fruitless "face...
August 23, 2007
Supplemental Compensation: Will the Fat Lady Ever Sing?
Analysis of: Insurance brokers reconsider taking insurer commissions | www.marketwatch.com
Author: GLG Expert Contributor
The matter of supplemental compensation for brokers continues to attract attention. It’s an important issue for the brokers because it impacts financial performance, acquisition and growth strategy, and client perceptions. However, while the middle-market brokers have made progress in moving beyond...
August 7, 2007
Should an Insurance Agent/Agency be Fluent With the Latest Technologies?
Analysis of: Tech-Savvy Insurance Agents Providing Best in Class Services | www.prweb.com
Author: GLG Expert Contributor
Technology increases the agent/agencies exposure through a web site and by E-Marketing.With the right software, one staff person can do the work of three, or in the case of small agencies, no staff may be needed at all.
July 31, 2007
What type of Professional Liability Insurance should an insurance agent have?
Analysis of: D&O vs E&O | www.insurepro.net
Author: GLG Expert Contributor
1. D&O policies cover the Director or Officer in virtually any arena where coverage for Errors and Omissions Policies are designed to cover the insurance agent to the extent that agent is involved in the practice of insurance.2. D&O Policy limits are typically far higher and again with more...
July 12, 2007
Who needs Building and Ordinance Law Coverage?
Analysis of: FAQ- Commercial Insurance | www.maine.gov
Author: GLG Expert Contributor
What is this coverage? What does it do and when? How can it be purchased?
July 12, 2007
Do we really need insurance agents?
Analysis of: How Travelers Retain(s) Their Best Customers | www.dbmarketing.com
Author: GLG Expert Contributor
Does the public need insurance agents or a "middleman"? Do insurers?
July 9, 2007
The Unisured- The Untouchables- "That's the Florida Way" Part 2
Analysis of: Will auto insurance become optional? | www.miamiherald.com
Author: GLG Expert Contributor
What will be the affect on insurers? Be they a stock or mutual company, be they Admitted or Non-Admitted, will they adapt and react to the new market environment or will they just leave?
June 28, 2007
The Uninsureds- The Untouchables- "That's the Florida Way" - Part One
Analysis of: Will auto insurance become optional? | www.miamiherald.com
Author: GLG Expert Contributor
1. The reaction of the masses when one monthly bill is no longer required. 2. The consequences of a state not holding those responsible for their negligence financially accountable for their actions.

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