The use of golf carts continues to grow. Worldwide, in 2022, the golf cart market surpassed $1.5 billion and is expected to grow 6% per year, reaching $2.55 billion by 2028. Golf carts are found in more and more places – from airports to hotels, resorts, theme parks, and residential communities – not just golf […]
Social Transactions Technology and the sharing economy have led to seismic changes in how people live – altering the face of social collaboration. Peer-to-peer (P2P) lending, or social lending, occurs when lenders and borrowers deal directly with one another through online services. P2P insurance involves a group of people with a common interest pooling their […]
The COVID-19 pandemic dramatically impacted businesses and individuals. Virtually overnight, working remotely became a norm causing millions to rethink their life choices, including where they wanted to work and live. In response, employers chose to be more flexible, allowing employees the ability to earn a living from virtually anywhere in the world. Helping clients adapt […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor A home break in occurs every 30 seconds in the United States. Department of Justice statistics reveal that there are over 1.65 million home invasions per year, resulting in an average loss of nearly $3,000 per invasion(simplyinsurance.com). Helping clients prevent home invasions […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor The number of active/mass shooter events has increased alarmingly in recent years. While there is no set definition of an active/mass shooting event, they are generally deemed to include four or more injuries or deaths and occur in a public setting, such […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor Inflation is a major headline in the news, affectting all aspects of life. According to bls.gov, in the 12 months ending June 2022, the Consumer Price Index increased 9.1% – the largest jump in 40 years. Inflation impacts our daily expenses as […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor Each year, vehicle fires cause over a billion dollars in damage in the United States (autoinsuranceez.com). Statistaa.com reports there are 174,000 highway vehicle fires each year. Hurricane Ian brought electric vehicle (EV) fires to the headlines. Despite the publicity, EV fires are […]
As the days shorten, and the temperature drops, backyard campfires are a popular way to extend alfresco entertaining. Sales of portable fire pits and disposable campfires increased significantly during the Covid pandemic. In December 2020, Solo Stoves reported a year over year increase in sales of 30% (www.fastcompany.com). While backyard fire pits can be a […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor Lockdowns of the pandemic resulted in a significant and rapid increase in business being done online. Ibisworld.com estimates that 30% of business is now done over the internet. Selling online has risks and insurance considerations just as a brick and mortar store […]
Trailers come in all shapes and sizes, from small utility trailers for boats and ATVs to enormous RVs. They are used for an endless array of operations: camping, moving household or office belongings, or transporting recreational vehicles such as motorbikes, paddleboards and snowmobiles. Most of these accidents are preventable. Traveling with a trailer – no […]
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