As merger and acquisition consultants, we wonder how long unusually high EBITDA multiples will be paid by buyers. Most of our insurance agency clients have not seen dramatic losses of commissions and fees during COVID-19, mostly because of not having …
Nearly 60% of mid-sized businesses said crisis management remains a top unmet need in terms of reducing risk exposure. At the same time, a little over a third said they’re concerned about rising insurance rates, according to a new QBE …
The Lloyd’s market looks unlikely to turn an underwriting profit in 2020 given the pandemic and hurricane season. However, there are signs of improvement, according to analysts at S&P Global Ratings. S&P notes that the COVID-19 pandemic has already caused …
Starting an independent insurance agency, or any business, is a risky proposition. You’re moving from a secure position with a regular income and foreseeable future to a place where uncertainty is the new normal. Some may think that’s truer than …
I love quotations. I’ve collected them for almost 50 years. Over 20 years ago, I published my first book which was a collection of 1,500 of my favorite quotations, all indexed and cross-referenced, with an introduction that explained how they …
Though perhaps not the absolute worst region in the U.S. for insurance scams involving towing abuses, Chicago-area vehicle owners still face exorbitant towing and storage fees, unsolicited tows, and dangerous, unsafe towing practices, according to the National Insurance Crime Bureau …
Typically each spring, a crop of fresh college graduates enters the workforce, making the critical first steps to determine personal and professional paths. Today, the job landscape differs greatly from what it was even a year ago, and not just …
Starting Friday, North Carolina will reopen more businesses under a so-called Phase 2.5. The directive announced Tuesday by Democratic Gov. Roy Cooper will allow gyms, bowling alleys and other indoor recreational facilities to open at a reduced 30% capacity, but …
Chicago-based global insurance brokerage HUB International Limited (Hub) has acquired the assets of Hollis Companies L.L.C. (Hollis Companies) and The Employee Benefits Corporation (TEBC), located in Metairie, Louisiana. Terms of the transaction were not disclosed. TEBC and Hollis Companies are …
Some commercial property owners whose businesses were torched by rioters are learning that they don’t have enough insurance to clear away the debris. The StarTribune newspaper reported that many property owners in the Minneapolis-St. Paul area purchased policies that limit …
