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Posts Tagged ‘2008

A soft market, the recession and underwriting and investment losses took a bite out of the U.S. surplus lines industry?s underwriting and operating results in 2008, according to a recent report from A.M. Best Co. Inc.

Direct written premiums for the industry fell 6% in 2008 to $34.4 billion?the largest percent decline since 1988, said Oldwick, N.J.-based Best. The rating agency attributed the decline to persistent soft market conditions Read the rest of this entry »

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The average total cost of risk, made up of insurance premiums retained losses and risk management administrative costs, fell 9.4 percent per $1,000 of revenue in 2008, according to a survey.

The findings in the annual benchmark survey of Risk and Insurance Management Society came from a poll of over 1,300 U.S and Canadian risk managers.

New York research firm Advisen and RIMS jointly announced the survey results yesterday, which Read the rest of this entry »

New research by Canal Partner indicates that personal lines P/C insurers spent $387 million on online advertising in 2008 up nearly 25% over 2007. In the research findings, spending was broken down into three primary categories: paid search, display advertising, and online leads. While currently small, the online video advertising and social media marketing categories are gaining significant traction.

?Insurance carriers recognize that Read the rest of this entry »

New research by Canal Partner indicates that personal lines P/C insurers spent $387 million on online advertising in 2008 up nearly 25% over 2007. In the research findings, spending was broken down into three primary categories: paid search, display advertising, and online leads. While currently small, the online video advertising and social media marketing categories are gaining significant traction.

?Insurance carriers recognize that Read the rest of this entry »

New research by Canal Partner indicates that personal lines P/C insurers spent $387 million on online advertising in 2008 up nearly 25% over 2007. In the research findings, spending was broken down into three primary categories: paid search, display advertising, and online leads. While currently small, the online video advertising and social media marketing categories are gaining significant traction.

?Insurance carriers recognize that Read the rest of this entry »

New research by Canal Partner indicates that personal lines P/C insurers spent $387 million on online advertising in 2008 up nearly 25% over 2007. In the research findings, spending was broken down into three primary categories: paid search, display advertising, and online leads. While currently small, the online video advertising and social media marketing categories are gaining significant traction.

?Insurance carriers recognize that Read the rest of this entry »

New research by Canal Partner indicates that personal lines P/C insurers spent $387 million on online advertising in 2008 up nearly 25% over 2007. In the research findings, spending was broken down into three primary categories: paid search, display advertising, and online leads. While currently small, the online video advertising and social media marketing categories are gaining significant traction.

?Insurance carriers recognize that Read the rest of this entry »