March 2024
New Survey Reveals How Independent Insurance Agents Are Adapting to the Hard Market
Client communication, retention, technology and team morale are among agents’ top priorities, according to a Trusted Choice® report. How are independent insurance agents adapting to the hard market? Trusted Choice–the national consumer brand representing the members of the Independent Insurance Agents & Brokers of America (the Big “I”)–examines that question in-depth in its newly released report, […]
Public Sentiment is a Signal for Insurers
So sad to report that new nationwide research from a digital consultancy company Customertimes shows that the cost of living crisis has forced Americans to take unprecedented actions, with 1 in 5 admitting they’ve considered committing insurance fraud. Customertimes, using acute insurtech expertise, surveyed 2,000 adults to see how the economy downturn, tech adoption and […]
Certificates of Insurance – Issues to Consider
By Sue C. Quimby, CPCU, AU, CIC, CPIW, CLP, DAE – Senior Vice President Certificates of insurance (COI) are often a source of headaches for insurance agents and producers. Mishandling of certificate requests can lead to an errors and omissions exposure for the agent. Helping clients understand possible problems with certificates of insurance is another […]
Safe Driving Stats By States
In 2023, 44,986 motor vehicle fatalities happened in the United States averaging 3,749 deaths per month, or about 123 daily. A recent study by baderscott.com conducted a thorough analysis, identifying the safest and riskiest states for driving based on the car accident fatality rate. New York has emerged as the safest state for car driving, boasting […]
The Risk of Polarization
By Randy Lioz Shortly after the first Covid vaccines were introduced, a food solutions company in Idaho wrestled with the best course of action for its business and employees. While a vaccination mandate was a non-starter, they strongly encouraged vaccination among their employees, bringting in representatives of the local health department to support the push. […]
Underwriters to Target Credit and Political Risk Markets
Newly formed enterprise taps credit and political risk sector veteran, Bernie de Haldevang, as CEO Looking toward increased market demand for leadership-level resources in the intensifying areas of credit and political risk, United Risk has launched a new division, Applied Credit Underwriters, to be led by sector veteran Bernie de Haldevang as CEO. Applied Credit […]
Insurance Fraud is a Violent Crime
Insurance Fraud is a Violent Crime Jatiek Smith (also known as “Tiek”) a member of the Bloods Gang was charged with one count of racketeering conspiracy, in violation of 18 U.S.C. § 1962(d), and one count of extortion conspiracy, in violation of 18 U.S.C. § 1951, arising out of allegations that Smith and his co-conspirators […]
No Alarm No Coverage
Protective Safeguards Endorsement is a Condition Precedent Kinsale Insurance Company (“Kinsale”) sought declaratory relief against Sea Brook Harbor and Marine, et al (collectively “Seabrook”) arguing that Seabrook failed to comply with a condition precedent in the insurance policy it issued to Seabrook and that consequently there was no coverage for a fire occurring at Seabrook’s […]
