2021
Small Commercial Insureds: Expectations for New Buyers Quantified in Key Survey
Generational trends point to inherent differences and new business approaches
The market for small business insurance is evolving in many ways. With the number of small businesses on the rise, emerging risks and new products to cover those risks, and even shifting business models due to the pandemic, there are many opportunities for new small commercial sales.
Preferred Policies
Maurice “Hank” Greenberg, Chairman and CEO of C. V. Starr & Co., Inc., initiated an advocacy campaign by 16 top business leaders calling upon President Biden to “demonstrate decisive U.S. leadership now” to combat increasingly deadly Covid-19 outbreaks in Latin America, Europe and Asia. The campaign started with a letter signed by: Greenberg, Ken Langone, […]
Garamendi Introduces Bill to Bolster Oversight of Nation’s Financial System
Congressman John Garamendi (D-CA) has introduced the “Primary Regulators of Insurance Act” with Congressman Barry Loudermilk (R-GA). Congressman Garamendi served as California’s first-ever elected State Insurance Commissioner from 1991 to 1995, and again from 2003 to 2007. Congressman Loudermilk is a senior member of the House Committee on Financial Services. The “Primary Regulators of Insurance […]
Insurance Industry Responses to Weather
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor Weather impacts every homeowner and business owner and therefore their insurer. Insurance companies are in business to pay claims but also to make money for their members and/or stockholders. Insurers use a variety of methods to address weather, including policy conditions, underwriting […]
Driving distracted? Probably.
Consider what you would do if you were driving down the road at 45 mph and lost visibility for six seconds-barreling forward, no breaking, no slowing down, no ability to see. This is essentially what happens 13 times a day for the average driver according to new data released by Nationwide1. “What kind of damage […]
Slip, Fall and then some…
Alexander Goldinsky staged a ham-fisted slip-and-fall on ice in a company cafeteria, then tried to wriggle out by seeking pre-trial intervention that could’ve led to the insurance fraud charges being dropped. No go, the New Jersey court ruled. Goldinsky was sentenced to two years of probation plus community service for insurance fraud. The Randolph man […]
Reg 187: Big “I” Victorious In Key Legal Battle
Court sides with BIG “I” in Win for Agents and Brokers
Onerous and Confusing Regulation 187’s Controversial “Best Interest” Standard Called “Unconstitutionally Vague”
The New York Supreme Court handed a big win to the BIG “I” and to agents and brokers in the state as it reversed a 2019 ruling that the DFS was within its authority when it issued Regulation 187. Regulation 187, went into effect on August 1, 2019.
Seven Minute Meeting: Liberty Mutual Targeted to Stop Insuring Fossil Fuel Expansion and Respect Indigenous Rights
This press release hit our desk and sent us into Zillow New Zealand. The politicization of everything now by passes shareholders and policyholders. It is the work of a pressure group that seems established to bring Liberty Mutual into the fold of the “woke”. We present it exactly as received for the edification of industry […]
