The increased use of ridesharing apps appears to be associated with a decrease in motor vehicle collisions and impaired driving convictions. That’s according to research by The University of Texas Health Science Center at Houston (UTHealth). The findings based on …
There are many segments in the education insurance market ranging from large colleges and universities to smaller K-12 campuses, but when it comes to casualty risks the exposures are largely the same, said Mark Turkalo, senior vice president, Education and …
After years of poor returns, commercial auto insurers could finally break-even in 2021. The segment posted its best underwriting result in a decade in 2020, thanks to continued big rate increases and a big drop in driving due to the …
Berkshire Hathaway Specialty Insurance (BHSI) announced that it is providing qualifying private and nonprofit fidelity and crime insurance customers with complimentary access to the BHSI Social Engineering Prevention Program (SEPP). The SEPP is provided in partnership with the security firm …
The ongoing effects of the COVID-19 pandemic continue to dampen the entertainment sector, but the industry and its insurance partners are gearing up for a comeback. In the U.S., the theatrical, home/mobile entertainment market in 2020 totaled $32.2 billion, down …
When it came to buying auto insurance during the pandemic, brand didn’t matter as much to customers, according to a recent study. While auto insurance customers may have shopped around for new policies, few cared about the specific brand they …
Last month at a media event the insurance industry nonprofit Insurance Industry Charitable Foundation (IICF) gave insurance industry leaders an opportunity to talk about their philanthropic initiatives. Leaders from AIG, AmWins, AXA XL, EY, Lloyd’s and The Hartford discussed their …
As the U.S. economy tumbled in March 2020 at the onset of the coronavirus pandemic millions of people were forced to leave their jobs. A year later, U.S. unemployment is at 6% in March 2021, down from 6.2% in February. …
Insurance agency personnel on average made a little less money in 2020 but they were more satisfied with their compensation in what was a stressful year. Satisfaction with compensation rose across the board, according to the 2021 Agency Salary Survey, …
Despite ongoing concerns over the pandemic, young agents say they felt supported by their agencies over the past year. A majority of young agents felt satisfied with how their agency responded to COVID-19 and rated their agency’s pandemic response plan …
