The Basics of a Letter of Intent December 5, 2022 By Catherine Oak and Bill Schoeffler When an agency owner decides to sell, there are a plethora of buyers to choose from. A seller should narrow...
NAIC Has ‘Deep Concerns’ About FIO Bid to Collect Climate Change Data From Insurers December 5, 2022 By Chad Hemenway In a letter to the Treasury’s Federal Insurance Office, the National Association of Insurance Commissioners expressed its “deep concern” over...
Q3 Combined Ratio for U.S. P/C Industry Highest in 5 Years December 5, 2022 The U.S. property/casualty industry posted a combined ratio of about 106.6 in the third quarter — the highest in five...
The Talent Crunch: Tough Competition for Agency Talent Continues December 5, 2022 By Mark Hollmer The struggle to fill vacant positions at Conrade Insurance Group is real. Two slots remain open after the Kansas-based agency...
Regulators Seek More Info on Texas LNG Plant Before Restart November 21, 2022 U.S. federal regulators have told Freeport LNG to provide information needed for the planned restart of its liquefied natural gas...
New York Proposes Changes to Financial Services Cybersecurity Regulation November 21, 2022 More small financial services businesses will be exempt, the rules will be tailored to reflect more diversity in businesses, and...
FedEx to Appeal $366M Jury Award in Racial Bias Case November 21, 2022 FedEx Corp. said it will challenge what may be the largest-ever jury verdict won by a worker suing over racial...
What to Know When Selling Your Insurance Agency November 21, 2022 By Mark Robinson and Ryan Hong Want to cash in? Suffering from burnout? Looking for a strategic partner? Itching to pursue other interests? Or is it...
Public Adjuster Accused of Taking Settlement Checks Says No Penalty Warranted November 21, 2022 By Jim Sams An attorney for the Texas public adjuster accused of pocketing $7.6 million in insurer settlement checks told an administrative law...
The Imperfect World of Insurance November 21, 2022 By Patrick Wraight In a perfect world, there would be perfect markets, including a perfect insurance market. A perfect market means that every...