All GLG News Analyses Filed Under: Insurance & Risk Management

1. Liabilty auotomoble is an absolute necessity! 2. Most residents in Florida SHOULD NOT be driving. Age deflects ability to drive with PRECISION! 3.The state will have to assume the liabilty exposure, in particular, Personal Injury. 4. If the state DOES assume the liabilty - the right of recourse...

Litigation would increase without insurance requirements. Law suits from injured parties would cause a breakdown in the judicial system and cause financial strain on insurance companies. Revenue would decrease but risk would stay or increase. See comments below. Insurance companies affected...

Florida Auto Insurance No-Fault law is scheduled to sunset October 1, ending 30 years of mandatory insurance. Premiums could drop by 20 - 30% as PIP coverage goes away. BI and UM Liability claims freqency will increase.  Who knows how much? Nonstandard auto writers are most affected....

1. Tell the insured what their new policy covers Point of Sale and remind them to read, file, and call the agent if there are any questions. Also schedule an Annual Policy Review to reiterate the coverages even if the insured has suffered no losses during the policy period. 2. Inform the insured of...

If thorough due diligence work is performed, investors could benefit from consolidation due to the benefits of diversification.   A combination of companies  focusing on different  lines  would either free up capital  for other purposes or  lead to a financially stronger...

Higher Capacity in the private market to withstand catastrophe. Public market still needs funding which mean burdens on the Fla taxpayer in the long run.

Use the new Laws to create a need for a Financial review of the client's coverage! In Most cases approx. 95% of the clients informed of the new laws, always created great communications between insurers and clients, therefore a need for new coverage was always offered to the client, and gave those clients...

Now that Florida is retaining a much larger portion of their more predictable catastrophe losses, insurers and reinsurers should be able to buy the high layer coverage they want at affordable prices.  The risk load charged for this high layer coverage would be significantly less than the risk load...

1.Changing demographics and increase in disposable income are the determining factors in a savings and investment plan. 2.A product that is simple to understand and simple to administrate should mark a marketing strategy.

Insurers unlike other industries have had profitability to mask their cost inefficiencies.  I have yet to get an immediate answer of (CFO, CHRO, CTO)'s of large insurers or integrated financial services companies to the question what is the cost of their function.  Forget for a minute...