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

People & Places

National The Hartford appointed Claire Burns as chief marketing and communications officer, effective September 1. Burns will report directly to Chairman and CEO Christopher Swift. She succeeds Kathleen Bromage, who is currently chief marketing and communications officer and head of …

Tech and Teen Drivers

As an insurance journalist and a parent with a 16-year-old son, soon to be on the roads, I know all too well the dangers that lie ahead when it comes to driving behavior. So much so I’m often advocating that …

Obstacles to Wider Acceptance of Usage-Based Auto Insurance Remain

Usage-based personal auto insurance may be drawing ever-increasing attention. Its wider adoption is stymied, however, by customer age and demographics, privacy concerns, misunderstanding about the technology, and even contentment with existing coverage. That’s according to a survey from Standard & …

Just Do What Is Right

After finishing a strategic planning meeting with a client, he emailed me a Meme, “Just Do What is Right.” The entire strategic plan was summed up with that one sentence. We agreed at the meeting that the strategy would be …

Commercial Auto Insurance Profitability Still Way Down the Road: S&P

U.S. commercial auto insurers face some blips and disruptions on their road to profitability due to inflation and the spotty post-pandemic economic recovery. According to a Standard & Poor’s Global Ratings report, the sector got a break in 2020 because …

How Can Bond Producers Guide Contractors Now?

In construction, many variables are adding to an already difficult forecasting process. Predicting the Federal Reserve’s monetary policy, government and private spending, interest rates, unemployment benefits, inflation, global supply issues, availability of skilled labor, and the impact of virus variants …

Business Moves

National Guidewire, HazardHub Insurance technology firm Guidewire Software has acquired HazardHub, an insurtech provider of property risk data to the property/casualty insurance industry for underwriting, marketing and claims. HazardHub’s data is delivered in a national catalog of risks that may …

Building An Executive Search Strategy with These 10 Questions

Nearly 400,000 employees are expected to retire from the insurance industry workforce within the next few years, according to a recent report by AmTrust Financial, The Impact of the Aging Insurance Workforce. Senior leadership vacancies are the biggest challenge facing …

AIR: Hurricane Ida Losses Could Reach $30B

Modeling firm AIR Worldwide updated its insured loss estimates for Hurricane Ida and now projects that Ida’s insured industry losses will range from $20 billion to $30 billion. The estimate includes inland flood impacts across the entirety of Ida’s track, …

Agency Partnerships: The Breakthrough Force in Distribution

Agency partnerships and networks continue to grow in strength and numbers as independent agencies, large and small, look to these groups for greater market access, valuable services and the sharing of ideas that can take their agencies to the next …