Category: Insurance

October 30, 2018

The current pricing environment for property/casualty insurers is “modestly positive,” with commercial and personal auto rates rising by mid-to-high single digits, homeowners and commercial property rates rising by low-to-mid-single digits, and commercial casualty rates showing smaller changes, according to a […]

October 29, 2018

Another insurance company has gone to federal court in New Mexico to avoid paying millions of dollars in claims from victims whose trust funds and savings were embezzled. The Albuquerque Journal reported the Cincinnati Insurance Co., based in Fairfield, Ohio, […]

August 27, 2018

Even as they look back on several years of steady growth and success, many owners of independent insurance agencies now find themselves at a crossroad where they are pressed to make critical strategic decisions about the future of their firms. […]

August 23, 2018

Far too many people don’t think about flood insurance when buying insurance. Floods actually are the most common type of natural disaster, and most typical homeowner policies do not provide flood coverage. If you don’t think you need flood insurance, […]

August 22, 2018

As the data insurance agencies and brokerages continues to grow, agency managers are faced with having to answer how, why and where they can successfully analyze and use all of this data. The answer to the “why” is simple: To […]

July 30, 2018

There is not a lot time left to avoid a lapse in the federal government’s flood insurance program. The Senate is expected to follow the House, which voted last week to temporarily reauthorize the program. Senate Majority Leader Mitch McConnell […]

July 11, 2018

Blockchain technology is moving out of the lab and into the insurance business. It’s moving past the hype phase and is edging closer to providing real-life efficiency improvements for the industry. It’s been a slow and evolutionary process—one that ultimately […]

July 10, 2018

California Gov. Jerry Brown has signed legislation to requires insurance companies to let homeowners know whether their policies are sufficient to rebuild or replace their homes after a disaster. Assembly Bill 1799, by Assemblyman Marc Levine, D-Marin County, addresses consumer […]

July 6, 2018

Trade tensions sound like a great opportunity to underwriters of a little-known insurance product. U.S. President Donald Trump set off fears of a global trade war with tariffs on metals and an array of imports from China. As countries ratchet […]

May 21, 2018

The U.S. market for cyber insurance grew significantly in 2017, as direct premiums written rose nearly 32 percent year over year to $1.8 billion, and policies in force jumped 24 percent to 2.6 million, according to an A.M. Best special […]