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Current News | Today is: 07/07/08

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05/16/08 | Agencies Must Grow Revenues 8 Percent Annually to Maintain Value

An independent agency needs to grow revenues 8 percent a year simply to maintain its current valuation, MarshBerry President John Wepler told RiskProNet principals at the semi-annual general meeting this month. "You can´t sit on the fence when it comes to growing your agency internally," he told the group. "The marketplace is changing dramatically, and it is important to keep pace with the changes as well as to grow." [more]

05/15/08 | Trade Credit Insurance Necessary in Today´s Economy, RiskProNet Members Hear at General Meeting

Trade credit insurance is becoming increasingly popular as the economic picture continues to worsen, RiskProNet members were told at the general meeting this month. Applications for trade credit insurance already are up 30 percent this year, said George C. Ekdahl, regional vice president -- Western region of Euler Hermes ACI, the world´s largest credit insurer. [more]

05/14/08 | Construction Practice Members Discuss Differences Between AIA, ConsensusDOCs Contracts

RiskProNet members should be aware of the differences between standard construction contracts and the new forms issued late last year by Associated General Contractors in cooperation with 19 other industry organizations. The American Institute of Architects construction contract long has been the recognized standard. Last year was the first time in more than 50 years that AGC failed to endorse AIA forms, rejecting the A201 2007 edition of the "General Terms and Conditions" document in favor of an alternative, known as ConsensusDOCs. [more]

04/14/08 | How to Resolve a Claim Dispute -- Claims Practice Group Hears from The Hartford

The growth in BFL Canada´s Vancouver office reflects the growth in Canada´s province of British Columbia, one of North America´s economic success stories in recent years. The future also is rosy. Economic growth is expected to remain above the long-term historical average through 2012, according to a five-year economic forecast released this week by the Credit Union Central of British Columbia. [more]

04/13/08 | Hints from the Practice Groups: Tracking Deliveries, Valuations

Tracking deliveries to job construction site. Good contractor tracking of supplies delivered to a job site can be critical if there is a payment bond claim. This is particularly important if one job is bonded and another is not, Construction Practice Group members agreed. [more]

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