Independent insurance agencies not only managed to survive through the 2020 economic downturn and pandemic, but also managed to keep their employees happy through all of the year’s disruption. In Insurance Journal’s annual Agency Salary Survey, employees reported the highest …
Insurance agency personnel on average made a little less money in 2020 but they were more satisfied with their compensation in what was a stressful year. Satisfaction with compensation rose across the board, according to the 2021 Agency Salary Survey, …
Officers: Terri Moran, Chair–Paul Hanson Partners Janet Beaver, Vice Chair–Tokio Marine-HCC Casualty Group Rich Gobler, Secretary/Treasurer–Burns & Wilcox Robert Gilbert, Past Chair–Markel West Insurance Services Members: Tim Chaix, R.E. Chaix and Associates James Faley, Vela Insurance Services LLC Hank Haldeman, …
In a year marred by a pandemic, massive Western U.S. wildfires, civil unrest, and a contentious election, California’s surplus lines market “didn’t miss a beat.” That was the message from Ben McKay, CEO and executive director of the Surplus Line …
After holding off on approving its 2021 rates in December, Citizens Property Insurance Corporation’s Board of Governors approved rate recommendations that the insurer says will make its rates more competitive with the private market to slow the flow of policyholders …
Insurers could suffer record first-quarter catastrophe losses after the historic Texas winter storm, which crippled the state’s electrical grid and caused extensive property damage including collapsed roofs and broken pipes, insurer credit rating agency A.M. Best said on Friday. The …
Assemblywoman Cottie Petrie-Norris, D-Laguna Beach, in collaboration with California Insurance Commissioner Ricardo Lara introduced a bill intended to ensure that licensed drug abuse recovery and treatment facilities and recovery residences that contract with the government have minimum insurance coverage levels, …
Winter storms that dumped additional snow and ice on the Deep South plunged more than 300,000 homes and businesses into darkness early Thursday and left roads impassable across a wide area. While temperatures were expected to warm over the weekend, …
A building in Anchorage that once housed a Key Bank office is undergoing a $41 million renovation inspired by Alaska’s glaciers. The project developer said the former Key Bank Plaza will be modernized and draped in glass instead of concrete, …
A Washington bill to ban insurers from using consumers’ credit scores to determine auto and homeowner insurance premiums was gutted by an insurance industry amendment in the Senate Business, Financial Services & Trade Committee on Feb. 15. Senate Bill 5010, …
