July 2024
Holding Steady: Independent Agency Market Share Basks in Hard Market
2024 Market Share Report: Independent agency market share holds steady in hard market ALEXANDRIA, VA,The independent agency channel is holding ground and showing slow, steady gains in lines of business penetration, including homeowners insurance, according to the Big “I” 2024 Market Share Report. The annual Market Share Report compiles and analyzes property & casualty premium […]
Ellen, Cassandra…and an Ongoing Challenge
The New York Insurance Association, Inc. (NYIA) Board of Directors did not have to look too far to find a strong successor to its high achieving President of many years who is headed to retirement. Ellen Melchionni, current president of NYIA, will retire effective December 31, 2024. Cassandra Anderson will assume the presidency on January […]
New Collector Car Insurer OpenRoad Announces Official Launch
DALLAS – The summer driving season may provide auto enthusiasts more opportunities than just getting back behind the wheel. New classic and modern collector vehicle insurer, OpenRoad, has announced it will begin offering coverage across select U.S. states Monday, July 15, 2024, promising better prices, superior coverage, and some much-needed relief from skyrocketing insurance costs […]
Commercial Insurers Captured 22 of Top 25 Spots in S&P Global Market Intelligence U.S. Property and Casualty Industry Performance Rankings
Only 2 personal line carriers ranked among the top 50 New York – The U.S. Property and Casualty (P&C) Insurance Performance Rankings published by S&P Global Market Intelligence, an annual ranking of the 100-largest P&C carriers in the country, found that commercial insurers outperformed their peers in key metrics measuring earnings, underwriting profitability, balance sheet […]
Verisk Launches First-of-its-Kind Insurance Index to Inform Pricing Decisions
Verisk’s ISO Experience Index can help the insurance industry quickly assess changes in risk patterns and the cost of insuring risk JERSEY CITY, N.J. – The insurance industry exceeded loss ratio levels that have not been seen in nearly 20 years, with an estimated $21.2 billion reported in underwriting losses in 2023. To help insurers, […]
Grilling Safety Tips
Byline to read: By Sue Quimby, CPCU, AU, CIC, CPIW, DAE, CLP-A – Senior Vice President Few smells are more inviting than food cooking on the grill. However, grilling can be a dangerous activity. According to nfpa.org from 2017-2021, U.S. fire departments responded on average to 9,079 home and outside fires related to gas and solid […]
Risk Strategies Acquires Baker Benefit Group, LLC
Expands specialty capabilities, expertise in Executive Employee Benefits BOSTON – Risk Strategies, a leading North American specialty insurance brokerage and risk management and consulting firm, has announced it has acquired The Baker Benefit Group, LLC (BBG), a retail firm providing ancillary employee benefits products at large employer groups. Terms of the deal were not announced. […]
Two New Vice Presidents Appointed by AIPSO
JOHNSTON, RHODE ISLAND – AIPSO’s President and CEO Chuck Kwolek has announced the hiring of two individuals to Vice President positions in the organization: Adam LaFlamme has been appointed Vice President – Chief Technology Officer, effective June 10, 2024, and Barry Zalcman has been appointed Vice President of Insurance Operations, effective June 3, 2024. Mr. […]
The Big ‘I’ Launches AI Marketing Toolkit
New resource helps independent insurance agencies harness the power of AI to enhance client relationships, optimize marketing efforts and drive growth. ALEXANDRIA, VA – As artificial intelligence (AI) continues to evolve, it stands as a growing tool that is reshaping how independent agents should approach insurance marketing. To help independent insurance agents get started with […]
