Mergers and acquisitions of insurance agencies last year were the second-highest ever, according to OPTIS Partners’ annual report. The OPTIS database recorded 449 deals in the U.S. and Canada in 2016, a slight dip from the record of 456 in …
Independent insurance agencies’ accounting methods and contractual and legal requirements are unique, especially considering how lax enforcement is when all 50 states and the federal government have long-standing accounting rules that apply to 100 percent of all agencies. No exceptions …
This year will be a turning point for the U.S. property/casualty (P/C) insurance sector, as rising claims outpace pricing and reserve releases materially decrease. But it will not be a “softer for longer” rate cycle for the sector, according to …
Twenty years ago, we locked our doors and windows and had a good level of confidence that our homes were safe. If a burglar wanted in, he had to stake out a home and physically break into windows and doors …
Leaders of the property/casualty (P/C) insurance industry expect to see a considerable increase in the commercial lines of insurance for 2017, with cyber leading the way as a huge untapped market, according to an Industry Leader Trends survey, conducted by …
The North Carolina Rate Bureau is alerting all member companies that it has withdrawn its request for a 19.6 percent rate increase on dwelling policies due to a data error on its Dwelling Policy Program revisions announced in April, 2016. …
Brentwood Services Administrators Inc. has selected Theresa Vinson as a new senior claim representative in the Raleigh, N.C., office, according to Jeff Pettus, president and CEO of BSA. In her position as senior claim representative, Vinson is responsible for reviewing, …
A Georgia judge dismissed claims against Snapchat that blamed the social media company’s “speed filter” for a highway crash. The judge said in the January ruling that the Communications Decency Act provides the social media company with immunity. Snapchat attorney …
Tennessee state officials said last month that insurance claims have topped $842 million in the deadly eastern Tennessee wildfires that burned thousands of buildings. The Knoxville News Sentinel reported the number, provided by the Tennessee Department of Commerce and Insurance, …
Researchers say the number of fatal traffic crashes in Alabama increased by nearly 25 percent last year. Citing a recent University of Alabama study, The Tuscaloosa News reports that 1,058 people died in crashes statewide in 2016. That number is …
