Monthly Archives: <span>March 2021</span>

Insurance Industry Got Closer to Manufacturing Clients During Pandemic

The U.S. manufacturing industry is on the rebound from effects of the global pandemic-driven shutdown more than a year ago. While U.S. industrial production and U.S. total factory orders fell substantially in April 2020, manufacturers overall fared much better than …

Managing Risk by Training Restaurant Employees

Restaurants are risky businesses. They take more cash than you would think. They take more time than you want to invest and have more problems than anyone wants to deal with. Many restaurants struggle with keeping employees. The work is …

Insurers Bail As Boat Business Booms

The year was a good one for boat manufacturers. With heightened interest in outdoor recreation activities and ways to social distance, consumer demand for new boats skyrocketed. According to the National Marine Manufacturers Association, an organization representing boat manufacturers, retail …

Errors & Omissions and An Agency’s Value Proposition

When you go to an errors and omissions (E&O) education program, inevitably, the message contains something like this: “Do not advise that you are a professional or a specialist or otherwise create higher standards of care.” Also, “The agency is …

Due Diligence Pitfalls and Solutions

Mergers and acquisitions continue to occur at a very fast pace, despite COVID-19, election results, unemployment, natural disasters, etc. After price and terms are negotiated, and a letter of intent is executed, then it is time for buyers and their …

Declarations

Colorado Bill “You have no idea how little I care about who that third party is. I care about that child.” — Colorado state Sen. Don Coram explained why he sponsored a bill to eliminate a six-year statute of limitations …

Marine Market Delivers Challenges for Buyers in 2021

As if dodging the punches of a global pandemic isn’t hard enough, maritime operators and cargo shippers continue to take shots on the chin in the insurance marketplace, both in the U.S. and throughout Lloyd’s of London. On the heels …

Business Moves

National One80, Cannasure Insurance Services One80 Intermediaries has acquired Cannasure Insurance Services, an Ohio-based wholesale broker and managing general agent focused on the cannabis and hemp industry. Cannasure is a national wholesale broker, program manager and third-party administrator that serves …

A New Kind of Startup

It is estimated that entrepreneurs created between 6,000 and 8,000 new independent insurance agencies over the last decade. Each of these entrepreneurs sought to create their own unique vision of the future. But their start-ups, while they may offer some …

4 Progressive Jobs Insurance Agencies Will Hire in 2021

When it comes to insurance agency hiring, producers and account managers are a broken record. Yes, your agency still needs them, but that isn’t newsworthy. These four positions gained momentum last year. If they didn’t hit your radar screen then, …