Latino market heats up

My latest story, which ran on the cover of the most recent issue of Insurance Journal.

The lead:

It is nearly impossible to deny the impact the burgeoning Hispanic population has and will have on American culture and its markets. The marketplace for insurance is no exception.

Hispanics are now the country’s largest minority group, having officially overtaken African Americans in recent population estimates issued by the U.S. Census Bureau, which showed that in 2002 there were 38.8 million Hispanics in the United States, compared with 38.3 million African Americans. Hispanics accounted for nearly half of the country’s population increase of 7 million, to 288.4 million, since 2000.

Unless there is a steep economic decline in the United States lowering the demand for cheaper, less-skilled labor or precipitous growth in Mexico and the rest of Latin America reducing the supply of that labor, the U.S. Hispanic marketplace will only continue to grow.

It should be an interesting read, even if you’re not into insurance.

My latest story

Here’s the lead:

Insurance is about numbers, and right now the numbers are depressing when it comes to minority and women agents in the business. In spite of the tremendous growth of minority populations in the United States and the success of women in many other business fields, both lag behind in the insurance business.

Go ahead, read the rest. I dare you.

A lobbyist’s understanding of the free market

I was reading this story about insurance reform (hey, it’s a living) in Texas and was struck by a remarkable quote.

The insurance industry essentially struck a deal with Texas politicians. In exchange for a temporary freeze on homeowners rates, the state will move to what’s called a file-and-use system at the end of next year. Under that system, insurers would be free to set rates with only minimal regulation.

So here’s how Beam Floyd, an industry lobbyist, sums up the deal: “The first phase of this is to grab hold of the marketplace. Once we have a hold of the marketplace, we will move toward a system that allows for more market competition.”

Beautifully ironic.

Getting paid to write? Huh?

Yes, paid to write and write and write. Two and a half thousand words about financial strength ratings of insurance companies.

Whoa, there. Easy, boys and girls. It will be digital in due time. Until then, make due with this May 5 story on tort reform.

But to some extent this should explain my lack of posting lately, along with the fact I’ve little to say.

Back, with a little bit of vengeance

Let’s play catch-up. …

The only thing worse than having your moviegoing experience interrupted by someone who answers his cell phone in the middle of the picture is to receive a phone call from someone who’s in a movie theater, while the movie’s showing. Thanks a lot, Mom. …

Good riddance, Jerry Krause. Organizations may win championships, but it helps if they’re organized around Michael Jordan, doesn’t it? …

It’s amazing how hard it is to reach your destination when you don’t know where it is. Damn suburbs. …

Any time an employee for a big box store tells you the item you’re looking for is “at the end of the aisle, on the right,” it’s a lie. And when you turn around, the employee will be gone, never to be found again. …

Here’s a story I filed last week from RIMS, if you’re interested. …

I saw Tom Palmer speak at the University of Chicago last week, and whoever said he was brilliant, was right. …

And finally, there’s no delay at Meigs Field. Isn’t that great?