Insurance Services Office (ISO) has released its upcoming homeowners’ multi-state filing. This first major revision in over 11 years is filed to be effective in March 2022. Within this filing, ISO: Introduced one new form and 12 new endorsements; Revised …
Arkansas Insurance Commissioner Alan McClain has reminded insured Arkansans seeking automobile repairs that insurance companies cannot require automobile repairs be done at a specific repair shop. “If an insurer inaccurately informs you that your vehicle’s coverage is contingent upon utilizing …
Nearly a decade of continuous construction industry growth was halted in 2020 as the industry battled direct and collateral effects from COVID-19. According to Nationwide’s recent Agent Authority research, seven-in-10 construction business owners were negatively impacted by the pandemic, experiencing …
Despite the economic slowdown resulting from the COVID-19 business closures, the total number of workers’ compensation claims reported to the Texas Division of Workers’ Compensation rose in 2020 by 34% compared to the previous year. In a recent update on …
Most of our agency clients tell us they have a hard time finding producers. They want to know where to look and how to bring them in. It is not an easy task to find someone with experience from another …
Wine grape growers in Texas and surrounding states have filed a lawsuit against drug maker Bayer-Monsanto and chemical giant BASF for the damage their cotton herbicide has caused to vineyards. Attorneys for the grape growers say cotton seed systems created …
The U.S. property/casualty industry saw its net underwriting income fall in first-quarter 2021 by 53% as compared with the same prior-year period, according to preliminary financial results analyzed by AM Best. Increased incurred losses, loss adjustment expenses and underwriting expenses, …
In 2020 alone, Aon estimated that insured property losses from natural disasters in the U.S. climbed to around $74 billion in losses, much higher than the 10-year average. The only year that beats 2020 in terms of losses is 2017, …
The number one question I receive from all types of retail agencies, wholesale brokers, insurance companies and intermediaries of every shape and size is, “How do we source and hire experienced insurance talent?” By and large, the insurance industry’s hiring …
For many years independent agencies waited anxiously for a practical multi-company rating system in commercial lines. Now, several easy-to-use products are available to agencies with quoting capability among a growing number of standard market commercial carriers. Companies like Tarmika are …
