Intern program highlighted as 220 applaud current and future leaders The Insurance Federation of New York held its 109th Annual Award Luncheon on November 14, 2024. IFNY honored two individuals. The Free Enterprise Award, which is at the heart of the Luncheon and numbers among recipients Henry Ford, Hank Greenberg, and Donald Trump, was presented […]
On October 16, the New York Department of Financial Services (DFS) issued a circular letter addressing cybersecurity risks related to the increasing use of artificial intelligence (AI) in relation to insurers, insurance professionals, and banks. These entities must abide by cyberattack regulations, but those regulations have not included any specific requirements related to AI. Although […]
For Howard Mills the Road Ahead Leads Back to Public Service in Risk Management with Safety and Economic Benefits to Taxpayers For Howard Mills, his life and his career have found him returning to the place from which he started, albeit in a new role. Howard started in public service and through his newest venture […]
Indiana’s Jackson leads national association for 2024-25 term. The Independent Insurance Agents & Brokers of America (the Big “I”) installed Indiana’s Todd Jackson, owner and partner at McGowan Insurance Group in Indianapolis, as the 2024-2025 Big “I” chairman at the recent Big “I” Fall Leadership Conference in Indianapolis. With over 30 years of experience in […]
Establishes Principles to Protect Consumers When Insurers Use Artificial Intelligence in Underwriting and Pricing Department of Financial Services (“DFS”) Superintendent Adrienne A. Harris adopted guidance to protect consumers from unfair or unlawful discrimination by insurers using artificial intelligence. “New York has a strong track record of supporting responsible innovation while protecting consumers from financial harm,” […]
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 […]
AI Expected to Transform Retail Investing, Increase Banking Fraud and Drive New Insurance Market – Plus, Climate Change Expected to Further Increase Insurance Costs for Commercial Real Estate
Hanover’s “2024 Small Business Risk Report: A Focus on Workers’ Compensation” includes fresh data on small business owners’ insurance-buying habits and risk exposures related to workers’ compensation
As Richard White transitions to Executive Chairman of the Board, Leston Welsh steps up as CEO of ShelterPoint. Richard White, who has led ShelterPoint Life Insurance Company (ShelterPoint) as CEO since 2009, is moving into the role of Executive Chairman of the Board of Directors, with the company’s existing Chairman, Dr. Seth Goldberg, remaining on […]
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, […]
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