Each bad hire can easily cost you $100,000 to $200,000. However, quality producers can add $1 million of annual revenue to the agency (which nets most owners around $150,000 to $250,000 in profit.) There’s a lot of money to be …
There were 744 announced insurance agency mergers and acquisitions in 2020, up nearly 20% from 649 reported in 2019. The surge resulted from the pent-up supply of pending transactions from earlier in the year coupled with sellers looking to avoid …
People in the South love the snow. It’s like grandchildren … fun when it visits but not around enough to become a lot of work. In the North, snow and its evil cousin ice can become problematic, especially from an …
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 …
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 …
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 …
Licensed insurance agents Robert Farmer, 65, of Camarillo, Calif., and Marion Urcan, 67, of Agoura Hills, Calif., were arraigned in mid-January in Los Angeles County Superior Court on multiple counts of grand theft after allegedly accepting over $687,000 in insurance …
A printing company in Maryland saw the photo on Twitter the night of Jan. 6: an employee roaming the halls of the U.S. Capitol with a company badge around his neck. He was fired the next day. Others are facing …
Aerial drone manufacturer, Insitu, in Bingen, Washington, will pay $25 million to settle allegations that its military drones were outfitted with used components instead of new ones. U.S. attorney Brian Moran said cases such as this one should be seen …
Experts on the topic of diversity in the insurance industry say there hasn’t been enough done to attract or retain talent from the Black community. In a recent Insurance Journal webinar, “How the Insurance industry Can Be An Active Ally …
