Monthly Archives: <span>January 2020</span>

Business Moves

National Bold Penguin, xagent Bold Penguin, a commercial insurance exchange technology platform launched in 2016, announced it has acquired xagent, an independent, single-entry, multi-quote platform for the standard and surplus lines business insurance market. The company said the xagent technology …

New Year’s Resolution: Helping Policyholders Get in Shape for the New Year

As individuals, one way that we resolve to get in shape for the new year is by signing up for gym memberships and fitness classes. In that spirit, agents and brokers should resolve to help their policyholders get their facilities …

Why Traditional Independent Agents, Carriers Need to Partner and Align Now More Than Ever

Agencies and carriers need to align now more than ever. I will add a condition to this statement: Quality independent agencies and quality carriers need to align now more than ever if they are to thrive. Unfortunately, I don’t have …

Compensation Is Your Agency’s #1 Recruiting Tool

Employers find it difficult to hear that the entire kit and kaboodle of recruiting boils down to money. Insurance agencies would like to think there’s more to the story — work/life balance, career development or great culture. While all these …

Recreational Cannabis Impairs Driving Even When Driver Not High: Harvard Research

Recreational cannabis use affects driving ability even when drivers are not intoxicated by marijuana, according to a study from a Harvard Medical School hospital. Published in the Drug and Alcohol Dependence journal, the study “Recreational Cannabis Use Impairs Driving Performance …

The Battle Over Agency Data

New regulations, insurer pressure and growing consumer alarm about online security will force agents to act this year to protect their data from unfettered use by third-party vendors. The NAIC Insurance Data Security Model Law has already been adopted in …

How Parametric Insurance Can Help Fill the Gap Where Traditional Insurance Falls Short

Although parametric solutions have been generally available since the late 1990s, they have more recently found their way into corporate insurance. Parametric insurance solutions offer a means to guarantee direct payout after a qualifying event and protect against unpredictable but …

Warehouse Explosion Shakes Houston; 2 Killed, 20 Injured

A massive explosion Friday leveled a warehouse in Houston, killing two workers, damaging nearby buildings and homes and rousing frightened residents from their sleep miles away, authorities said. The explosion happened about 4:30 a.m. inside a building at Watson Grinding …

McKesson Board Settles with Investors for $175M Over Distributor’s Role in Opioid Crisis

McKesson Corp.’s board reached a $175 million settlement with investors who claimed directors failed to maintain adequate internal systems for spotting suspicious opioid shipments, as the U.S.’s largest drug distributor continues to grapple with claims it helped fuel a public-health …

U.S. Confirms 5 Cases of Coronavirus; 100 More Possible But Risk in U.S. Deemed Low

Five people in the United States, all of whom recently traveled from Wuhan, China, have been diagnosed with the new coronavirus, officials of the federal Centers for Disease Control and Prevention said on Sunday. The count includes new patients identified …