Features

California Beefing up Recruitment for Inspectors to Better Enforce Workplace Laws

California’s Department of Industrial Relations is beefing up a statewide effort to recruit inspectors and investigators throughout California to more thoroughly enforce labor and workplace laws. The DIR is hiring enforcement staff for Cal/OSHA and the Labor Commissioner’s Office under …

Key Attributes to Help You Choose an Insurance Recruiter

When selecting a recruiting partner, there are several important qualities and factors to consider. The recruiter should be an advisor who adds value to your talent acquisition efforts and is a brand ambassador who represents your organization the same way …

Former California Insurance Agent Found Guilty of Taking $1.2M from Victims

Former licensed insurance agent Brett E. Lovett, 53, of Camarillo, California, was found guilty of 29 felony counts including grand theft, elder abuse, money laundering, and burglary after a 15-month California Department of Insurance investigation reportedly found he defrauded at …

Insurance Agency Trust Accounting — More Important than Ever

My articles regarding insurance agency accounting seem to elicit some of the most positive feedback of any subject I discuss. Trust accounting is the bedrock, the most essential aspect of insurance agency accounting – bar none. Insurance agency/brokerage trust accounting …

Is IRS Abusing its Authority in Micro-Captives Investigations?

A pair of federal Tax Court decisions at the start of 2024 are painting a concerning picture that the IRS is abusing its authority and attempting to become a quasi-federal governing agency over the insurance industry. The IRS secured a …

What’s So Great About a Career in an Insurance Agency?

What’s so great about a career in an insurance agency? Lots, actually. Like opportunity, flexibility, training, challenges, good pay, helping others, and job security. What’s more, it’s an opportunity available to those who have a college degree or who never …

D&O Risks to Consider When Exploring the New Frontier of Gen AI

Is the world being overtaken by robots? While the answer to that question is clearly “no” – or at least, “not yet” – it seems that the focus of nearly every industry and business media outlet is artificial intelligence. This …

The New Norm? Global Insured Losses for Nat Cats Keep Breaking Records: Swiss Re

Global insured losses from natural catastrophes in 2023 exceeded US$100 billion for the fourth consecutive year — an indication of the new norm for nat cat losses, according to Swiss Re. Other record-breaking numbers for 2023 included the total of …

Designated Premises, Operations and Projects Endorsements

In 2017, I developed a webinar called “Raiders of the Lost Coverage: Insurance Jones and the Temple of Exclusions.” It evolved from an earlier seminar I did with the late John Eubank, CPCU, ARM, called “Horrible Commercial Lines Policy Forms …

Weathering the Storm: The Impact of Climate-Driven Risk Reassessments on the Housing Market

One of the most pressing challenges facing insurance professionals today is the escalating impact of extreme weather events in traditionally disaster-prone areas. Last year alone, the U.S. witnessed a staggering $92.9 billion in weather-related damages, making it a record-breaking year …

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