Corvus Insurance, a leading provider of smart commercial insurance products powered by AI-driven risk data, has had a surge of growth with sharply increased revenues. On the heels of this accelerated growth, Corvus has made notable senior hires in order to properly scale to meet market demands. The appointment of Sam Kramer as VP of […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Assistant Vice President/Media Editor More and more baby boomers are reaching retirement age. At the same time, the coronavirus pandemic may have put a wrench in their investments and income stream. For some, a reverse mortgage can be an attractive option, as they may have […]
While the U.S. economy contracted in the second quarter of 2020 (Q2) at a rate not seen in 70 years, the insurance brokerage industry is a “shining star” with median organic growth of 4.4%, according to Reagan Consulting. This is the rate of growth for the six-month period that ended on June 30, compared with […]
Bridge Benefits Group is the brainchild of Paul Etra, formed after Etra left PRB Wealth Management. The new firm will be dedicated to workplace benefits. Etra’s entire team will be joining him at Bridge Benefits Group. Additionally, Dan Baker (former VP of Business Development at PRB Wealth Management) will be joining the team as Senior […]
Impact on personal and commercial auto insurance With people generally driving a lot less due to the pandemic, personal and commercial auto insurance carriers should expect to see a steady decline in premiums written for the next several quarters, and perhaps even for years. But given the lower traffic density, profitability could get a boost […]
Newly released TransUnion Insurance Shopping Annual Report uncovers impacts of COVID-19 on personal auto insurance Even with the ongoing economic impacts of the COVID-19 pandemic, overall personal auto insurance shopping rates in the first half of 2020 surpassed 2019 levels. The 2020 Insurance Shopping Annual Report from TransUnion (NYSE: TRU) found overall shopping rates were […]
Attempt to Avoid Sentence Because Of Pandemic by Insurance Criminal Fails Mikhail Zemlyansky is serving a 15-year sentence of imprisonment which was imposed in January 2016. He is currently incarcerated at the Federal Correctional Institution at Fairton, New Jersey. Defendant has moved for compassionate release under the First Step Act in light of the COVID-19 […]
In People v Monroe (18SC708, decided 29 June 2020), the Colorado Supreme Court held that “in light of Colorado’s long-standing no-duty-to-retreat rule which permits non-aggressors to stand their ground when acting in self-defense,” a prosecutor may not argue that a defendant’s failure to retreat undermines the reasonableness of her self-defense argument.” As a result, a defendant’s conviction […]
By Doug Voss The trucking industry is faced with a crisis of insurability in the commercial automobile liability market. To a great degree, this crisis results from nuclear verdicts coupled with fewer insurance underwriters. Furthermore, while the trucking industry pursues various remedies to address nuclear verdicts, Congress is seriously considering an increase in truck liability […]
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