GLG News by Property & Casualty Insurance Underwriters

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

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...

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...

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.

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...

What is this coverage? What does it do and when? How can it be purchased?

Does the public need insurance agents or a "middleman"? Do insurers?

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?