Features

Private Equity Still Driving Agency M&As

Digital Buys Getting Some Attention; Buyers Getting Bigger; Prices Going Higher; Eyes on Digital The private equity bandwagon continued to roll through the insurance agency and brokerage mergers and acquisitions territory in 2019. As many as two-thirds of all deals …

The Nonprofit World at a Glance

The nearly 1.6 million tax-exempt entities with 501(c) designations in the United States run the gamut from churches and cultural centers to food banks and homeless shelters to disaster relief organizations, and they can be national, statewide and local in …

How Brokers Stay Relevant? Be Nimble With Your Value Props

Commercial brokers, the future is bright. As you contend with an increasingly automated, digitally-enhanced insurance industry, rest assured your expertise remains valuable for your clients. That is, if you can adapt to their differing needs. And that’s not always easy. …

Hiring Momentum May Be Slowing Overall But Not in Insurance

There is an even balance in the share of U.S. businesses reporting decreases and increases in employment for the first time in a decade, a new survey showed, the latest suggestion that the labor market has likely peaked and job …

20 Things to Know About Surplus Lines Insurance in 2020

As we embark upon a new decade, the surplus lines insurance market has never been stronger. Growth in specialty products and demand for insurance protection in an increasingly dynamic, technological climate necessitates a new, fresh look at many of the …

To Stack or Not to Stack What happens when a contract term is not defined?

Stacking of insurance policies is a topic that has provoked numerous appeals. In construing any contract, including an insurance policy, certain rules of construction are considered. A court will examine the policy as a whole and try to construe it …

What About Your Exposure?

As an insurance agent or broker, you have, above all else, a singular mission: to make certain insureds are adequately covered against exposure to loss or, at the very least, to help clients understand their liabilities and how they can …

Report Reveals Perception Gaps, Improvement Opportunities in Sales & Service Roles

When properly aligned, sales and service teams can unlock massive revenue potential, improve working relationships and transform the customer experience. Unfortunately, gaps in processes, performance and customer outcomes exist, undermining that alignment and potentially resulting in lost revenue, underinsurance and …

California Commissioner Spearheading National Cannabis Insurance Framework

California Insurance Commissioner Ricardo Lara is at the forefront of shaping how state insurance regulators all over the U.S. will deal with the legal cannabis market. Lara is not only the chief insurance regulator of the nation’s largest cannabis market …

Things to Consider When Using Agency Partnership Groups

Regardless of agency size, sometimes it is difficult to get access to all the markets that might be needed for the agency’s clients. Most standard markets will have some sort of volume requirement and some might limit the number of …

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