Drought, heat, hail, rain and freezing temperatures – the five horsemen of crop insurance. A new report from EWG found that crop insurance payouts for the top five weather-related losses totaled over $118.7 billion between 2001 and 2022, making up …
The data is out there. The challenge is how to amass it, standardize it and make it useful. Taylor Rhodes, CEO of Applied Systems, stopped by the On Point podcast with host Peter Aartrijk to talk about the future of …
At Energy Insurance Agency in Lexington, Kentucky, creating a great place to work is at the core of the agency’s success. The company’s family-friendly policies, personal attention to employees, opportunities for advancement and innovative employee benefits have earned Energy Insurance …
Sherri Gjermo, CEO of Greater Insurance Service Inc., is the second generation of leadership in the family business. And the third generation is already waiting in the wings. Founded in 1974, the Madison, Wisconsin-based agency was built on a philosophy …
The Bulow Group has the winning formula for happy employees. In recent years, the agency won bronze, silver and gold awards as the Best Agency to Work For from Insurance Journal, and in 2023, they add another gold award to …
The U.S. excess and surplus (E&S) lines market had a good year in 2022, growing to account for nearly 9% of the U.S. property/casualty (P/C) insurance industry. E&S direct written premiums (DWP) increased for the twelfth consecutive year and reported …
Everyone in the insurance industry knows that 2023 has become one of the hardest markets in decades, across the board. In a panel discussion — No One Said it Would be Easy. Navigating the Current Hard Market — held recently …
When it comes to helping high net worth (HNW) clients get optimal coverage, there’s more to it than just adding a couple of zeroes to premiums and payouts. HNW clients have different interests and concerns that require customized insurance programs. …
According to IBM’s Cost of a Data Breach report, 2023 set an all-time high record with the global average data breach cost reaching $4.45 million, a 2.3% increase from 2022 and a 15.3% from 2020. The 2023 research, conducted independently …
The age-old question in insuring rentals and multi-unit housing is, “Who covers what?” Whether it’s owner-occupied housing or a landlord-tenant relationship, the changing landscape — from higher costs to the rise of short-term rentals — has demanded the market change …
