Like so many teenagers, they didn’t know much about insurance. When Gabby Banks, Henry Cram, Taylor Trafton, Filmon Futsum and Casey Alexander set foot on their respective college campuses, underwriting and claims were another language. But professors guided them to …
A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance, the American Property and Casualty Insurance Association (APCIA) says in a new white paper. “The growth …
Workers’ compensation is getting the job done. Premiums are decreasing, claims are stable and retention is high. But even good news can present its own set of challenges, Burns & Wilcox indicated in its webinar, Navigating a Soft Workers’ Compensation …
Optimism among young agents took a hit, falling from 2022 to 2023, according to Insurance Journal’s annual Young Agents Survey. When it comes to their career choice and the future of the independent agency system, 53.9% of young agents responding …
Fine Art Insurance Market Detail: Art Insurance Now, a national broker, offers insurance coverages for art collectors, galleries, museums, dealers, artists, and auctioneers. If you or your client create, own, sell, buy, loan, display or preserve works of art on …
This issue of Insurance Journal features exclusive results from the 2023 Young Agents Survey where young agents nationwide shared their views on the insurance industry and their experiences as agents. (See page 32 for the full report.) Optimism overall among …
High inflation alone led to an increase in property/casualty claims of 5%-7.5%, across five key markets in 2022, according to Swiss Re research. “In 2023, we expect that inflation should lead to an additional increase of 3.5-6.5%,” said Swiss Re …
When it comes to general insurance issues, cannabis-related businesses face the same general liability and property risks faced by other industries, like workplace accidents, damage to property, crop failure and transporting their products to market. However, cannabis businesses require more …
Illinois’ top court said U.S. labor law bars unionized workers from suing their employers for violations of the state’s biometric privacy law, which can expose companies to massive penalties. The Illinois Supreme Court unanimously held that campus security workers at …
Minnesota Attorney General Keith Ellison personally opened his state’s case against Juul Labs, accusing the e-cigarette maker of using “slick products, clever ads and attractive flavors” to hook children on nicotine as the first of thousands of cases against the …
