Producers Rate Worldwide Facilities as an IBA Five Star WholesalerMay 22, 2017
IBA unveils producers’ picks for the specialty wholesale distribution brokers and MGAs that stand out above the rest. For retail brokers, a wholesale partner – whether a broker or MGA – performs the essential function of giving them the specialized skill and access they need to service their clients’ every need. IBA’s survey focuses on the best specialists in the wholesale distribution channel.
Is the insurance industry on the verge of a dive?May 12, 2017
Insurance Business spoke to two experienced brokers who shared some thoughts on the state of the industry – and what could be lurking around the corner. Wholesale broker Don Privett, executive vice president at Worldwide Facilities, says he’s worked through three “cycles” and senses we could be on the verge of another turning point.
Commercial Auto – The Long Road to ProfitabilityMay 1, 2017
The commercial auto market has a long road ahead to reach profitability after five consecutive years of underwriting losses from 2011-2015. While many insurers upped rates in 2016, the year appears to be coming in with another significant underwriting loss. Chris Moulder of Worldwide Facilities LLC believes there are fundamental issues that need to be addressed beyond increasing rates.
It may be time for students to think about a job in risk managementApril 20, 2017
Lindsay Moore, a 2013 graduate of USC Marshall and a risk professional at Worldwide Facilities, offers her opinion to students about career opportunities for risk professionals. “Cyber-liability is emerging,” she says. “The ride-share apps like Uber and Lyft and others. None of them existed five years ago, but there is so much risk involved.”