Louisiana Insurance Commissioner Jim Donelon has approved an overall base rate decrease of 3.5% for homeowners policies issued by State Farm Insurance Co. in Louisiana. State Farm provides homeowners’ coverage to more than a quarter of a million policyholders in …
Sometimes an article needs an introduction to put the subject in context for the reader. Sadly, no introduction is needed for the coronavirus. It will have affected everyone who reads this. Some will have suffered physically. A larger group will …
Premium recorded for the first quarter of 2020 for excess and surplus lines of insurance in Texas is up 14.5% compared with the same period last year, according to the Surplus Lines Stamping Office of Texas (SLTX). Additionally, the Q1 …
Compared to others, the property/casualty insurance industry is weathering the coronavirus crisis rather well. Property/casualty insurance is the least-impacted industry by the coronavirus pandemic, at least so far, according to an analysis from S&P Global Market Intelligence. S&P compiled its …
The Florida Office of Insurance Regulation has issued an informational memorandum to all insurers and entities authorized to write workers’ compensation insurance providing guidance on the treatment of policyholders affected by COVID-19. The memo is in response to Chief Financial …
While the insurance industry offers many of the attributes upcoming graduates and young professionals seek in a career, it is often overlooked. According to one study, only 7% of Generation Z considers itself very familiar with insurance. This number has …
One may not need to be able to read the cannabis leaves to divine the impact of the COVID-19 pandemic on cannabis and insurance. Some good guesses from any insurance professional with their foot in the door of a dispensary, …
With cyberattacks on the rise and many small businesses unaware of the dangers, independent insurance agents are in a good position to educate clients about their risks, recommend preventative measures, and provide protection with a cyber insurance policy. Recent statistics …
A decision earlier this month by the California Supreme Court gave policyholders with long-tail environmental claims a potentially big win, finding that polices within each policy period can be vertically stacked. The decision was handed down on April 6 in …
Developing young talent to become successful young agents is not easy. Chris Burand, president of Burand & Associates, an insurance agency consulting firm, estimates that the new producer failure rate is as high as 70% to 80%. Other estimates have …
