Study: Recession Pressuring Middle Market to Value Price Over Service
As the U.S. economic slowdown deepens, middle-market companies are reassessing their relationships with insurance brokers and adopting a more bottom-line approach to securing insurance coverage.
Libke Insurance
Survey: Small Businesses Plan for Contingency; Expect Cutbacks in 2009
Many small business owners say that they're prepared to eliminate some positions or reduce the number of hours employees work as part of their contingency planning for 2009, according to a recent survey.
Survey: Risk Managers Report Modest Premium Decreases in Q4
Insurance premiums for businesses continued a five-year trend of falling rates during the fourth quarter of 2008, but recent data suggest a reversal of this trend may soon be underway.
What Agents, Clients Need To Know About ISO's Commercial Property Changes
Insurance Services Office (ISO) introduced five new commercial property endorsements to attach to its revised commercial property policy. Along with these updated forms and new endorsements, ISO also revised 13 of its current commercial property policy endorsement. All of these changes became effective in November or December 2008 (based on the state), and sport a 06/07 edition date.
AAIS Develops Agricultural General Liability Program
The American Association of Insurance Services (AAIS) will soon initiate a countrywide filing of its new Agricultural General Liability (AgGL) Program, the property/casualty industry's first standardized general liability program specifically designed for farms and agribusinesses. The program will consist of two base forms, numerous endorsements, plus a program manual with rules, agricultural rating classifications, and loss cost rating information.
