How to Find New Producers
Most of our agency clients tell us they have a hard time finding producers. They want to know where to look and how to bring them in. It is not an easy task to find someone with experience from another …
How Agents Can Help Construction Clients Prepare for Post-Pandemic Growth
Nearly a decade of continuous construction industry growth was halted in 2020 as the industry battled direct and collateral effects from COVID-19. According to Nationwide’s recent Agent Authority research, seven-in-10 construction business owners were negatively impacted by the pandemic, experiencing …
Homeowners’ Form and Endorsement Changes Coming in ISO’s 2022 Multistate Filing
Insurance Services Office (ISO) has released its upcoming homeowners’ multi-state filing. This first major revision in over 11 years is filed to be effective in March 2022. Within this filing, ISO: Introduced one new form and 12 new endorsements; Revised …
Forgotten Your Passwords? They Soon May Be Lost Altogether – with Insurers’ Help
The most popular password in 2020 was exposed almost 24 million times and took less than a second to crack. While a shocking statistic, when you learn that the most popular password of 2020 was “123456,” this news becomes somewhat …
Despite Less Driving During 2020 Pandemic, Traffic Deaths Were Highest In 13 Years
Even though Americans drove less in 2020 due to the pandemic, early estimates of crash fatalities from the U.S. Department of Transportation’s National Highway Traffic Safety Administration reveal the largest projected number of deaths since 2007. According to NHSTA, an …
Declarations
Western Wildfires “All these steps are in the right direction, but the challenge is big and complex.” — John Bailey, professor of silviculture and fire management at Oregon State University, said wildfire mitigation steps ongoing in the drought plagued Western …
Construction Industry Hammers Away Amid Labor Woes, Rising Costs, Delays, Tough Insurance Market
It is not the best of times for the construction industry and its insurers. But neither is it the worst of times. The construction industry continues to face labor shortages, rising costs, supply chain woes and lingering effects of the …
Business Moves
National Aon, Smooth WTW Global insurance broker Aon has agreed to sell its U.S. retirement business to private investment firm Aquiline and its Retiree Health Exchange individual health insurance business to Illinois-based digital services firm Alight for total gross consideration …
Takeaways from Talk About Regulators and Cannabis Insurance
There’s a shortage of carriers offering insurance to cannabis businesses in numerous states, causing these businesses to pay more for policies or go underinsured. Regulators in several states are stepping in and putting some time and resources into encouraging more …
Close Calls in Colorado Spark Push for Wildfire Mitigation
As the Missionary Ridge Fire raged in 2002, the Valley Fire, a second fire, broke out and destroyed six homes within hours near the Falls Creek Ranch subdivision north of Durango, Colorado. When residents returned after the Valley Fire, they …
