The reform of Michigan’s auto insurance market, which went into effect on July 1, 2020, brought the promise of much-needed premium relief for Michigan drivers. An April 2019 study by the Insurance Research Council (IRC), a division of The Institutes, …
Despite the economic challenges from the coronavirus pandemic, the workers’ compensation insurance market is likely to report strong profitability in 2020 thanks to savings from lower claims frequency due that are currently outpacing pandemic-related losses, according to Fitch Ratings. However, …
Growing corn and soybeans will become increasingly challenging for Kansas farmers as the climate warms, according to a Kansas State University study. The study found that drought and heat are the biggest reason for crop yield losses and expect that …
Sally wants to close every piece of business she works on, but she doesn’t. She’s not even close. Her price is never good enough. The coverage gap is never big enough. And even if it is, it doesn’t end up …
The Iowa Insurance Division has ordered Hole in Won LLC, Kevin Kolenda, Hole In Won.com, Hole in Won.com Worldwide, Golf Marketing Worldwide, Compliance HIW, and Amanda Penrose (respondents) to cease acting as an insurer or insurance producer in Iowa without …
This hurricane season has already broken several records, and it is not over yet. So far, 2020 has produced 23 named storms, including two using the Greek alphabet for only the second time in history. Nine named storms have made …
A Travis County, Texas, judge has approved an order placing a Houston-based nonstandard auto insurer into receivership. On Oct. 21, Travis County District Judge Tim Sulak signed the application by the Texas Department of Insurance to appoint a rehabilitator and …
Safety features such as automatic emergency braking and forward collision warnings could prevent more than 40% of crashes in which semis rear-end other vehicles, a new study has found. The Insurance Institute for Highway Safety, a research group supported by …
There were 170 announced insurance agency mergers and acquisitions during the third quarter of 2020 compared to 173 for the same period in 2019, according to a report from consulting firm OPTIS Partners. The Chicago-based firm said deal activity was …
According to Insurance Journal’s 2020 Agency E&O survey, slightly more than half of all respondents (50.2%) saw an increase in their E&O renewal premium from 2019 to 2020, and 53.8% expect another increase at their next renewal. In the West …
