Brokers faced some difficult situations with property renewals last year. The overall outlook for 2013 is a bit better, except possibly in the Northeast following Superstorm Sandy.
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Insurance is a relationship business, yes. But as our "Under 40" brokers show us, technology is playing a larger role.
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Power Broker®: About the Search
Buyers purchase specialty coverage to wrap around sudden and accidental environmental policies as companies pay billions in penalties for alleged violations.
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As big data, mobile technology and cloud computing push the capabilities of what risk management can do, new risks and opportunities to harness the convergence of these technologies arise as well.