October 4, 2021
A top Southern Baptist Convention committee agreed to fund a third-party investigation into its handling of sexual abuse allegations but held off on waiving its attorney-client privilege for the probe, delaying for the future a decision seen as a key …
October 4, 2021
For Florida-based Baldwin Risk Partners (BRP), creating a family-oriented atmosphere isn’t jargon; rather, it’s the very essence of the company. CEO Trevor Baldwin is the fourth generation in his family to work in insurance, “simply the best business on the …
October 4, 2021
Federal lawmakers introduced legislation in late September that would change 19th century maritime liability rules in response to the 2019 boat fire off the coast of Southern California that killed 34 people. The bill would update the Limitation of Liability …
October 4, 2021
The insurance industry has a problem. In order to determine how to charge our customers, insurers must find ways to put people into buckets based on their risk type and expected losses. Historically, the industry has relied on stand-in variables …
October 4, 2021
California Governor Gavin Newsom last month signed a bill that limits warehouse employers like Amazon.com Inc. from setting productivity quotas, the first legislation of its kind in the United States. The new provisions require all companies using warehouse labor to …
October 4, 2021
In our business — the business of developing insurance agencies — our coaches work closely with agency owners and their teams to develop the business of the founder’s dreams. Along the way, they teach, coach and mentor, cultivating a variety …
October 4, 2021
The National Transportation Safety Board released its preliminary report on an August gas line explosion in Coolidge, Ariz., that destroyed a home and killed a man and his 14-year-old daughter. NTSB investigators said a natural gas pipeline ruptured around 5:30 …
October 4, 2021
Many agency owners want to hire new producers, and the good news is that there’s a flood of candidates right now looking for jobs. It seems like it’d be a win-win, but the bad news is that most agency owners …
October 4, 2021
Most independent agents overlook surety bonds as an additional product they can offer their clients. They believe surety is too much of a niche specialty. The bonds are difficult to write, and best left to larger firms, which often are …
October 4, 2021
The U.S. surplus lines market experienced direct premium growth of 17.5% in 2020, the largest year-over-year premium increase since 2003, according to an AM Best report. The 2020 increase in direct premium written comes on the heels of 11.2% growth …