Business Insurance Closed – Update – They Are Back Open
Business Insurance was always a great publication that I read for many years. They had recruited some of the best reporters in the business. I referenced their information occasionally when I wrote my articles.
Stephanie Goldberg was one of my favorite reporters. Her articles were some of the better-written ones in the insurance business.
Crain Communications surprised many readers of Business Insurance with the last publication on August 1, 2016. There was little fanfare. The final door closing occurred on August 9, 2016. BI was a 49-year-old magazine.
Crain Communications released this statement on Business Insurance.
According to Crain Communications:
” However, as a result of shifts in the insurance industry, including continual structural changes and consolidation since 2008, Business Insurance has struggled to diversify its revenue from a dependence on a declining base of print advertising. The company invested heavily in a very talented new team, and despite their best efforts, it became clear that the changes in the market simply weren’t going to be reversed.”
One has to only look to WorkCompCentral to see a non-print Workers Comp insurance publication that has thrived in today’s insurance market. However, BI began as a print publication and stayed that way until its demise. That could have been a complicating factor.
Even if I did not use and reference their articles, their great reporting kept being abreast of insurance and Workers Compensation. The publication did have an effect on my and other authors’ writings.
I may have a large project of removing the links to their articles.
I have checked with many of the industry leaders and no one saw this coming whatsoever.
Crain Communications has been sending me a Crain’s Raleigh Edition that has nothing to do with insurance.
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