Colorado led the nation in 2021 with the highest overall vehicle theft rate but California once again held the top spot for the number of cars stolen overall. That’s according to the National Insurance Crime Bureau’s Hot Spots Report which …
Agency partnerships and networks continue to grow and add value for property/casualty independent agencies, large and small, by adding greater market access, offering services and technology, and the sharing of ideas that are helping them build their businesses. For nine …
It’s a great time to work in surplus lines, say specialists working in today’s busier than ever market. The excess and surplus lines (E&S) sector is experiencing record growth — again. In the first six months of 2022, premiums topped …
My home base is in Austin, Texas, and anyone who lives here knows — it’s been an excruciatingly hot and dry summer. Nearly the entire state of Texas is experiencing a severe level of drought — the worst since 2011. …
Independent agents once again show they continue to command the commercial insurance market. The independent agency channel placed 62% of all property/casualty insurance written in the U.S., according to the recently released Big “I” 2022 Market Share Report, which compiles …
The real estate insurance market is in a state of transition. Increased frequency and severity of natural catastrophe losses have taken their toll on the real estate property market. Add in losses due to civil unrest endured in 2020 and …
This year marks the 18th annual publication of Insurance Journal’s Top 100 Independent Agencies special report. This year’s Top 100 welcomes eight newcomers to the list: BXS Insurance; York International Agency; BancFirst Insurance Services; CCIG; Transtar Insurance Brokers Inc.; Energy …
U.S. consumers see inflation continuing to rise in the year ahead but expect to see a more moderate pace over the medium to longer term. That’s according to the Federal Reserve Bank of New York’s Center for Microeconomic Data’s June …
It’s no secret. The leading cause of an agency errors and omissions claim continues to be “failure to procure coverage.” But that’s not the end of the story. While failure to procure coverage remains the biggest area of E&O exposures, …
No other industry has weathered a global pandemic, economic changes, and a decade-long shortage of skilled labor better than the construction industry. Contractors have shown they are a hardy bunch, adapting to a hard insurance market, supply chain disruptions, skilled …
