Could self-service and digital quoting and binding be gamechangers for independent agents and brokers working in microbusiness lines? Though they’re the smallest of small businesses, microbusinesses account for the largest portion of small businesses in the United States. They dominate …
Lost time claims can lead to increased workers’ compensation premiums for an employer because they can raise the experience-modification (ex-mod) factor that is used, in part, to determine workers’ comp insurance rates. The e-mod is one factor in workers’ comp …
The search for good talent continues throughout the insurance industry. Those organizations offering flexibility in work schedules, such as work-from-home and hybrid work options, will win in today’s competitive market, according to a new report by Integrated Benefit Institute. IBI’s …
If you’re shopping for insurance online, with apologies to Bob Barker and Drew Carey, the price isn’t right. That is, shopping solely on price for any product or service that isn’t truly a commodity is the wrong approach, and insurance …
As an independent agency owner, you have tremendous potential to grow your business. It can take a long time to build an agency that would attract acquisition attention or sustain future generations. It’s important to assess where you are, and …
During the first half of 2023, vehicle thefts soared while most other crimes declined, according to a new study of crime trends in 37 cities released by the Council on Criminal Justice. Continuing an upward trajectory, motor vehicle thefts have …
Recently introduced federal legislation that would require insurance companies with more than $100 million in annual premiums to disclose investments and underwritings related to coal, oil and gas projects, and fossil fuels is already required at the state level and …
1. Network with Your Competition. They will often have no appetite for certain lines of business that you wish to target. 2. Hard Market. Today’s insurance market is one of the hardest markets many have ever encountered, even if they’ve …
Seltzer Water High “Maybe having a 10-milligram THC-infused seltzer water is something that’s more up your alley. … In my opinion, it’s more social.” — Alex Buschmann, cannabis practice leader at Risk Strategies Company, said during an Insurance Journal panel …
Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions during the first half of the year was 359, down 24% from 475 during the same time last year. “The drop-off in deal count continues …
