September 20
Independent Agencies Hit Hard by COVID-19
Agencies report decreased revenue and loss of commercial lines clients A national survey of Big “I” leadership agencies by the Independent Insurance Agents & Brokers of America (the Big “I”) has revealed that the COVID-19 pandemic continues to have a significant impact on the day-to-day operations of independent insurance agencies as the crisis lingers. Top […]
Science
With a touch of real sadness, we present the effects of COVID -19 in this issue in a set of articles that we believe will prove useful and interesting. The art and science of underwriting relies upon levels of predictability that often include an irrational “gut” sense on the part of the professionals assessing risk. […]
Maryland’s Angela Ripley Elected to Big ‘I’ Executive Committee
The Independent Insurance Agents & Brokers of America (the Big “I”) has announced that Maryland’s Angela Ripley has been elected as the new at-large Executive Committee member at the recent Big “I” Board of Directors meeting in Alexandria, Virginia. Ripley has held numerous positions at the national level for the Big “I,” including Big “I” […]
Corvus Continues Rapid Acceleration with New Clients and 380% Gross Written Premium Growth
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 […]
Understanding Reverse Mortgages
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 […]
Amid Uncertainty, Insurance Brokerage Firms Remain Resilient, Optimistic
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 […]
Etra forms Bridge Benefits Group
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 […]
Navigating financial services sector performance post-COVID-19
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 […]
Consumers Increase Shopping for Auto Insurance Despite COVID-19 Challenges
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 […]
