Commercial insurance prices in general should stabilize in 2022, although not in cyber where increases from 50% to as much as 150% could be in store, according to one brokerage’s predictions. Willis Towers Watson also said that while the industry …
For my last column of 2021 I’m mixing seasonal flavor (cue the 12 Days of Christmas song) with the idea behind Insurance Journal’s annual list of 101 Sales, Marketing and Agency Management Ideas. While mine isn’t as extensive as theirs …
The wholesale insurance market continues to grow premiums while providing value to retail agents and important options to their customers, according to a report commissioned by the Wholesale and Specialty Insurance Association (WSIA). But the segment must face the challenge …
Technology will continue to influence changes in insurance markets in 2022, especially among agents and digital carriers. So say the people at Agentero, a digital platform and network that uses data and analytics to enable agents to proactively offer insurance …
A few days ago, I had lunch with a young man who told me that when he was hired as a producer, his sales leader (CEO) said, “If you come work here, we’ll leave you alone.” Look, I understand this …
Employers may be warming up to the idea that fighting some workers’ compensation claims and medical treatments can be counterproductive, and new emphasis should be placed on keeping injured workers happy — and out of the courtroom. “The workers’ comp …
Bringing people together to help others has historically been a defining focus for charitable giving and volunteerism in the insurance industry. Though getting involved has become more complicated over the past year and nine months due to the COVID-19 pandemic, …
The global construction industry’s risk landscape will be transformed by radical changes in design, materials and processes as the industry enters a sustained period of strong growth. The post-Covid-19 growth will be driven by government spending on infrastructure and the …
Property/casualty insurers head into 2022 facing “massive” political risks, an expert with the Insurance Information Institute said on Dec. 2. Economic uncertainty will also continue despite recovery trends. Some exist due to post-pandemic economic fallout, but many others are longstanding …
In March 2021, CNA Financial Corp., one of the country’s largest insurance companies, suffered a ransomware attack from a cybercriminal group called Phoenix. The attackers pressured the insurer to pay up quickly by raising the ransom demand, claiming the data …
