Features

Evolving Compensation Practices to Meet Changing Employee Needs

Hiring managers have had to transform many of their standard activities and procedures to accommodate today’s primarily virtual environment. From adapting interview processes to be effective and efficient over Zoom calls to confidently making a final offer to someone they’ve …

5 Questions to Ask Customers Considering a Family Farm Business

According to a March 2020 article by the Agricultural Marketing Resource Center, agritourism operations in the U.S. generated more than $700 million in sales in 2012. People are taking their family farms and (alongside farming) making them destinations for people …

Long-Term Vision Is Key to Agency Planning

Unfortunately, research indicates that most people will not keep their New Year’s resolutions. My theory is that this failure is closely related to the failure many businesses have in achieving their goals. And that reason is a failure to plan …

Pandemic-Related Business Interruption, Cyber Top Business Risks for 2021: Allianz

There was no escaping the coronavirus in 2020 and the pandemic will dominate the risk landscape again in 2021, according to global leaders in business, risk management and insurance. A trio of Covid-19 related risks — business interruption, the pandemic …

Surfacing Emerging Risks From Covid, Cyber, Civil Unrest, Mergers, and More…

Insurance Journal examined industries experiencing changes and challenges due to the COVID-19 pandemic, societal unrest and other market forces experienced in 2020. Here are 10 industry sectors that could see new and emerging risks in 2021 and beyond. Commercial Real …

The Myth of the ‘Surplus Lines Agent’

Increasingly, the world of insurance distribution has become highly specialized, utilizing technology and a multitude of parties to reach customers worldwide. The surplus lines industry is no exception. Surplus lines brokers are not merely intermediaries between insureds and eligible surplus …

2021: The Year of Insurance Agency E&O Lawsuits

Insurance agents and brokers should prepare for a big agency errors and omissions (E&O) litigation wave to crash their shores in 2021. Agency E&O claims are a lagging indicator, meaning plaintiffs typically only go after agents and brokers after they …

USAA, Serving Military and Veterans, Enters Small Business Insurance Market

The insurer that targets members of the military and veterans, USAA, is going to start writing its own small business insurance policies for the first time. The company will initially offer the coverage in five states – Arizona, Colorado, Illinois, …

2020 Hurricane Insurance Claims Up to $7.7B in Louisiana

Through the end of 2020 property/casualty insurers paid out or reserved $7.7 billion On claims of all types resulting from Hurricanes Laura, Delta and Zeta in Louisiana, the state insurance department reported. The Louisiana Department of Insurance said policyholders had …

46 Years Helping Shape California Insurance Landscape

Robert W. Hogeboom has quietly been in the background of making and forming insurance laws and regulations for decades — and he’s seen a lot change in California’s insurance landscape in all of that time. During his 46-year legal career, …

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