Risk Enterprise Management News | United Insurance Consultants Inc. | UIC, Inc.

WHY USE INSURANCE CONSULTANTS?

UIC, Inc. is NOT an insurance broker or aligned with any insurance carrier, we are independent risk management and insurance consultants.

UIC, Inc. consultants are specially trained to give diverse and innovative advice to obtain optimum coverage while reducing costs for our clients. UIC, Inc. consultants drive this process by having; Objectivity, a Professional Auditing of Coverage and Rating Basis, Professional Marketing Skills, and Negotiation Expertise.

Thomas A. Kovatch - UIC, Inc.
President and Founder

"I created UIC, Inc. over 30 years ago to provide completely independent intellectual capital necessary to help organizations develop comprehensive risk programs in a cost-effective manner.

Today our services our provided to Fortune 1000 and FUTSE 50 companies around the world."
WHY USE INSURANCE CONSULTANTS?

UIC, Inc. is NOT an insurance broker or aligned with any insurance carrier, we are independent risk management and insurance consultants.

UIC, Inc. consultants are specially trained to give diverse and innovative advice to obtain optimum coverage while reducing costs for our clients. UIC, Inc. consultants drive this process by having; Objectivity, a Professional Auditing of Coverage and Rating Basis, Professional Marketing Skills, and Negotiation Expertise.

Guy Leach - Serco Group plc
Director of Corporate Strategies

"UIC’s team, led by Tom Kovatch, has provided Serco with forward-thinking intellectual capital which has provided cost-effective solutions to complex risk management issues across our vast array of exposures situated in over 30 countries. UIC’s independent guidance and adaptive culture match our changing needs as we provide our added-value services both in the public and private environments.
They are a welcomed and valued member of the Serco family."
WHY USE INSURANCE CONSULTANTS?

UIC, Inc. is NOT an insurance broker or aligned with any insurance carrier, we are independent risk management and insurance consultants.

UIC, Inc. consultants are specially trained to give diverse and innovative advice to obtain optimum coverage while reducing costs for our clients. UIC, Inc. consultants drive this process by having; Objectivity, a Professional Auditing of Coverage and Rating Basis, Professional Marketing Skills, and Negotiation Expertise.

Michael Cunningham - Aéropostale
President & Chief Financial Officer

"I was sceptical at first as to what UIC, Inc.'s services would deliver. Aéropostale® always used one of the national brokers to coordinate our insurance programs.
I can state unequivocally, five-years later, after millions of dollars in savings combined with significant improvements in our risk programs, UIC, Inc. exceeded our expectations and has become a valuable business partner helping us to optimize our cost/benefit equation of insurance."

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WSJ: Regulators May Ease Insur Broker Commission Restrictions

The Wall Street Journal 09/19

Marsh, Aon and Willis are in negotiations with New York State regulators to reinstate contigent commissions, banned in 2005 due to conflict-of-interest concerns, a development that could restore significant revenue the commissions once generated but also place the insured at a disadvantage.

According to the Wall Street Journal, State regulators are conducting negotiations to revise, or even lift, the 2005 ban on "contingent commissions" as measured by revenue. Contingent commissions are paid by insurers to brokers and are based on factors such as how much business a broker brings to an insurer and how profitable it is.

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Bloomberg: Lloyds May Struggle to Exit Asset Protection Plan

Bloomberg.com 10/08

Lloyds Banking Group Plc, the U.K.’s biggest mortgage lender, may struggle to exit the government asset insurance program as it considers a rights offering to help it avoid further state aid, analysts said.

The bank has submitted a plan to the Financial Services Authority to raise 15 billion pounds ($24 billion) in a share sale, surpassing HSBC Holdings Plc’s record 12.5 billion-pound rights offering in April, said a person familiar with the matter, who declined to be identified because the talks are private. Under the plan, the lender would also sell assets to raise money.

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WSJ: P/C insurance market in Florida sees entry of small insurers

Some small insurers are entering Florida's P/C insurance market, buoyed by the departure of several major insurers and the programs offered by the state to shore up capital. About 30 carriers have started writing coverage in the state's coastal areas since 2006, but analysts doubt if the firms could remain solvent after a series of hurricanes.

The Wall Street Journal 10/08

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Study: Atlantic hurricane activity increases, includes larger storms

The hurricane seasons in the U.S. are becoming more active and are spawning stronger storms than those in the past 1,000 years, according to a study by a team of U.S. researchers. The research also found warmer ocean waters could intensify storm activity, which could worsen as climate change is expected to trigger ocean temperatures to rise. The New York Times/ClimateWire (8/13) , United Press International (8/13).

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Proposed hike for California workers' comp rate benchmark denied

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