September
Charles Symington Becomes Big ‘I’ President & CEO
Symington heads the association after serving as its executive vice president.
ALEXANDRIA, VA, September 1, 2023—Charles Symington is the new president & CEO of the Independent Insurance Agents & Brokers of America (the Big “I”), effective, Sept. 1.
Guest view/REGULATION: NCLA Brief seeks to topple FINRA
Alpine Securities Corporation v. Financial Industry Regulatory Authority, United States of America The Financial Industry Regulatory Authority (FINRA) investigates, prosecutes, and punishes hundreds of securities firms and brokers every year for alleged violations of federal securities laws and rules, despite operating outside the government and without answering to the President. In early September, the New […]
NAIC Now Accepting Applications for 2024 Consumer Representatives
The National Association of Insurance Commissioners (NAIC) announced it is accepting applications for the 2024 Consumer Participation Program, with a deadline of 5:00 p.m. CT, Oct. 31, 2023. Established in 1992, the Consumer Participation Program promotes consumer representation and interaction with NAIC Members by providing for qualified applicants to participate in NAIC meetings as individuals […]
Applied Surety Underwriters and Sirius Point Ink Exclusive Strategic Partnership for Major Market Expansion
Houston, Texas –August 2nd 2023 – Applied Surety Underwriters and SiriusPoint Ltd. have joined forces in an exclusive partnership aimed to maximize their joint impact in major markets across the world, starting with North America and advancing across borders to deliver a unique formula of underwriting expertise, capital resources and concerted marketing in the surety […]
Inflation and Insurance
Inflation affects all of us, including our insurance. Claim expenses and premiums rise, and costs to repair and replace property and vehicles also increase. Helping clients understand how inflation impacts their insurance, and provide ways to cope with the changes, is another value-added service of the professional insurance agent. The insurance industry is impacted by […]
S&P Global Analysis: US private auto insurance rates see double-digit jump in 2023
US private auto insurers are racing to increase premium rates as they seek to offset historically poor underwriting results. The year-to-date nationwide average increase for private auto insurance is 11.0% through Aug. 18, 2023, according to S&P Global Market Intelligence’s RateWatch application. Key highlights from the analysis include: • There is a wide variance in […]
AI Approaches
Establishing a code of conduct for the use of artificial intelligence (AI) will be vital to protect company brands and reputation. Today, AI stakes are colossal with its capability of fabricating any reality whatsoever. As the proliferation of AI continues to reshape efficiency, innovation and productivity, business leaders are recognizing this transformation and potential. Boards […]
Dodge muscle cars again top HLDI’s list of most-stolen
The Dodge Charger SRT Hellcat and Dodge Charger HEMI top a new list of the most-stolen vehicles for model years 2020-22. Four Kia vehicles make the top 20, thanks to a viral trend. Two Dodge muscle cars, the Dodge Charger SRT Hellcat and Dodge Charger HEMI, once again top the Highway Loss Data Institute’s list […]
Litigants Must Never Assume
Three sophisticated commercial parties in the insurance industry entered into what appears, in hindsight, to be a somewhat unsophisticated business arrangement. That arrangement led to complex litigation, which generally isn’t a good thing for a business arrangement to lead to. In American Builders Insurance Company v. Keystone Insurers Group and Ebensburg Insurance Agency, No. 4:19-CV-01497, […]
