Insurance companies might be taking a huge hit because of recent catastrophes like the early East Coast snow storm and Hurricane Irene, but they may lead to new coverage opportunities. Petruzelo Insurance Agency of Wallingford CT, has seen a large increase in the number of coverage inquiries from insureds. Now may be a great time for agents to shine the light on events typically viewed as unlikely. PRWeb, Nov. 29, 2011
MAIN STREET Banks seeing greater profit
but lower revenue
While bank profits showed an increase through the quarter ending September 30, 2011, banks were still challenged with generating revenue in the economy. Profits were up by almost 50 percent, but it was largely due to factors other than traditional loan activity. Wall Street Journal, Nov. 23, 2011
time to buy? Is now the Acquisitions expected to increase.
A news release by Ernst & Young LLP’s Transaction Advisory Services indicates mergers and acquisitions may increase in 2012. Improved credit markets and pressure for growth may be factors along with more strategic buyers with robust cash flows and strengthening balance sheets. News release - December 7, 2011, www.ey.com/US/ en/Newsroom
Cut out one agency association?
A dialogue about the need for more than one insurance trade association is going strong. The long standing and ongoing question is whether or not two major organizations duplicate efforts and dilute their power to influence positive change because they’re separate entities. Agents Speak Out on Dual Trade Associations, PropertyCasualty.com, Dec. 1, 2011