Features

Compensating Personal Lines Producers & Account Managers

Personal lines production seems to be a larger focus now for property/casualty agencies today. A question that our clients often ask us is regarding how to compensate personal lines staff for production. The short answer is it depends on the …

Viewpoint: The Use of Augmented Reality in Society and Insurance

While augmented reality (AR) has been around for a few decades, the technology to power its widespread use is still fairly recent. What once required a huge mechanical system that had to be mounted to a ceiling because it weighed …

COVID Is Far From the Only Risk Facing Insurers and Financial Sector Firms: Allianz

COVID-19 may drive market corrections and insolvencies that could impact financial institutions’ balance sheets, increase exposures for directors and result in litigation. However, financial institutions are also facing many other risks in the areas of cyber, climate, compliance and corporate …

50-Plus Insurers Met Deadline to Comply With Washington’s Credit Rule

Washington Insurance Commissioner Mike Kreidler announced that more than 50 insurance companies met the May 6 deadline to file rating plans that comply with his emergency rule to temporarily prohibit the use of consumers’ credit scores. A temporary ban on …

Cyber Security Is a Conversation Agents Need to Have with Clients

Not only are more people working from home than ever before, but entire families are shopping online and using the Internet of Things — Alexa, Siri, Google Home, and other technology embedded with sensors or software — for sharing and …

$6M Settlement for Men Abused at Washington Boys Home Being Paid by Insurers

Insurance companies are paying $6 million to settle a lawsuit brought against Kiwanis International and local Kiwanis clubs by seven men who were sexually abused at a Centralia group home for boys in Washington decades ago, attorneys for the men …

The Entertainment Comeback Insurance Market Ready to Respond Despite Challenging Market Conditions

The ongoing effects of the COVID-19 pandemic continue to dampen the entertainment sector, but the industry and its insurance partners are gearing up for a comeback. In the U.S., the theatrical, home/mobile entertainment market in 2020 totaled $32.2 billion, down …

California Contractor Arrested in Nearly $1M Workers’ Comp Scheme

Carolyn Plaza of Fresno, Calif., self-surrendered on May 6 after a warrant for her arrest was issued on six felony counts of insurance fraud. A complaint filed on April 16, alleges Plaza underreported more than $3 million in employee payroll …

How Auto Insurers, Consumers Rode the Bumpy Year of Pandemic

The U.S. auto insurance market experienced market disruption due to pandemic-related shopping volatility, an uptick in dangerous driving, policy renewal delays and fewer claims. But by the end of 2020, shopping volumes closed 5.3% higher than in 2019 and net …

How Insurance Agencies Find Sales Talent in Small Markets

Dear Mary, we are one of the largest insurance agencies in our state. Our plan is to remain independent and grow organically in every office location. Some of our markets are easier to find talent in than others. Our most …

Features Archives by Month