Texas has increased the eligibility of military spouses to be licensed as a surplus lines agent in the state, according to the Surplus Lines Stamping Office of Texas (SLTX). Under new rules adopted by the Texas Department of Insurance that …
Anticipated reinsurance rate increases for Florida-specific property insurance companies in the upcoming June 2020 renewal period potentially could pressure the more thinly capitalized companies in the market, according to an AM Best commentary released this month. In its “Florida Insurers …
The industry is continuing to experience a candidate-driven market and attractive compensation packages are playing a crucial role. While it will always be significant, money is not the only factor driving candidates. Non-monetary elements such as career development opportunities, relocation …
For most of the 20th century, the insurance industry considered wildfires to be little more than a nuisance. They were frequent but rarely resulted in more than a handful of claims, and underwriters priced for them in the same way …
Barbara Galgiani has spent her entire career specializing in both recreational and commercial marine industry – marinas, boat yards, hospitality, excursion boats and marine contractors. Roughly 90% of her revenue comes from this specialty. After working as an account manager …
Insurance agency personnel on average made a little more money in 2019 but they were not as happy as they were in 2018. Nearly all personnel — owners, producers and support staff — enjoyed a slight uptick in average pay. …
How satisfied do you feel at your job? If you’re not ranking where you want to be with your insurance brokerage, the answer is likely “not very.” Job satisfaction is closely tied to opportunities for advancement. If you feel like …
For much of the country, ’tis the season to beware of frozen water pipes. In this month’s column, we examine two such real-life claims from the Dakotas, one personal lines and the other commercial lines. Both are good examples of …
What makes employees happy at work? Is it pay? Is it benefits? Culture, leadership or employee development opportunities? In today’s competitive insurance job market, it’s all of those and more. Employee satisfaction comes from finding the right balance in monetary …
Allstate first disclosed its Transformative Growth Plan in December, an effort to overhaul how it does business, boost efficiency and reduce expenses. During the Illinois-based property/casualty insurer’s Q4 2019 call with analysts, Allstate Chairman, President and CEO Thomas Wilson and …
