While Hurricane Harvey dumped 60 inches of rain on the Houston area in August 2017, the authority that operates the Lake Conroe Dam opened the floodgates to release water at a rate almost equal to the flow over Niagara Falls. …
February saw a spate of winter storms in the United States, including the period from Feb. 12-20, which will become the U.S. insurance industry’s costliest winter weather peril on record, according to insurance broker Aon plc in its monthly Global …
After a dramatic downturn in the second quarter of 2020 due to the coronavirus pandemic, merger and acquisition (M&A) deal volume soared to record highs in the second half of the year. This was mirrored in growth of transactional risk …
Inflation, defined as the rate at which prices for goods and services are increasing, tends to occur when prices rise due to increases in production costs or when the demand for a product exceeds its supply (i.e., too much money …
Over the past decade, the craft brewing industry has been thriving. From big cities to small towns, niche breweries are growing into cult favorites or mainstream staples, and small taprooms are growing into brewpubs. You might be able to guess …
National Global insurance broker Hub International reported that Michael Chapman has been named national director of Commercial Markets. Chapman will also retain his current role as president of the Hub South region. As Hub’s first-ever national director of Commercial Markets, …
Despite the COVID-19 pandemic, the U.S. property/casualty (P/C) industry improved its overall profitability in 2020, with a 68% increase in net underwriting income and combined ratio that improved slightly over the previous year. These preliminary results are from a new …
Incurred pandemic losses for U.S. property/casualty insurers increased only modestly in fourth quarter of 2020 from earlier quarters in the year. Still, the amount of ultimate losses remains unclear and will take several years to determine in business interruption, general …
Insurance agency managers may need to reassess the future of the five-day-a-week office after the pandemic is over as nearly two-thirds of agency employees would like a mix of at-home and office going forward. That’s according to a report, Insurance …
NFIP and Private Flood Market Detail: Grand General Agency (www.thehelpfulpeople.com) is a general agency with several markets available for agents and their clients for flood coverage for residential or commercial structures nationwide. Quotes available in less than five minutes for …
