Our publisher Steve Acunto writes his editorial Foreword on page 4 of each issue and gives the industry one of its best read, often quoted columns.
Record growth in agency ranks….As the independent agency channel moves past the coronavirus pandemic and into uncertain economic headwinds, Best Practices agencies achieved record highs in organic growth and profitability, according to the 2022 Best Practices Study by the Big “I” and Reagan Consulting. The Best Practices update is the first one in its three-year […]
Air travel is a solid economic indicator, as global passenger volume ticks back up to 91% of pre-pandemic levels and labor shortages have caused a record number of flight cancellations, those sky-high satisfaction scores have once again fallen down to Earth. According to the J.D. Power 2022 North America Airport Satisfaction Study, overall satisfaction is […]
Independent agents again shown to place the majority of all property-casualty insurance written in the U.S. Independent agents place 62% of all property-casualty insurance written in the U.S., according to the Big “I” 2022 Market Share Report. The annual Market Share Report compiles and analyzes property and casualty premium data and provides insights for agencies […]
The 109-year-old Insurance Federation of New York, Inc. will present its 2022 Free Enterprise Award to Rod Fox, Executive Chairman, Tiger Risk, and its Mary Lanning Lifetime Public Service Award to Maurice “Hank” Greenberg, legendary insurance leader and major New York philanthropist. Among the honored guests invited is New York’s Superintendent of Insurance, Hon. Adrienne […]
The New York State Senate passed Auto Insurance Consumer Relief Act, a bill to make CARCO inspections optional at the discretion of insurance carriers. Communications from agents, meetings with lawmakers and a spate of calls and e-mails and petitions did it. Employer associations across NY helped the Big I and the PIA and the other […]
Congratulations to the IFNY Board and its honorees for a beautiful, meaningful event as detailed on these pages. Steve Menzies’ remarks were eye openers, and gave attendees a sparkling reminder of the fact that the business is good and worthwhile. Bill Frazier got the Mary Lanning Public Service Award and the audience met new DFS […]
Now and then, we come upon a straight set of thoughts are compelling clear and utterly awake – I do not mean “woke”. Here is an article that every agent in the country should read and pass along. It is written by Maria Rosa Alaggio, editor of the Italian insurance magazine, Societa e Rischio. SA […]
Ukraine’s top government economic adviser Oleg Ustenko has issued a statement that Russian forces have so far destroyed at least $100 billion worth of infrastructure, buildings and other physical assets. Ustenko, chief economic adviser to Ukrainian President Volodymyr Zelenskiy, told an online conference on economics that the war has caused 50% of Ukrainian businesses to […]
Insurance Advocate and its readers welcome Adrienne Harris to the post of New York Superintendent of Financial Services. Ms. Harris, whose years might imply otherwise, is rather a seasoned executive with experience in Washington and elsewhere in and around government. We trust that her experience t will translate well into the role of NY DFS’s […]
Napoleon Bonaparte once said that to know a man you must understand the world he lived in a twenty years of age. In Eisenhower’s America and on and off since, work was ennobling, even if it was not glorious. There’s the story of a CEO visiting the Circus, passing the elephant’s cages only to come […]
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