Insured losses from severe convective storms in the United States continued to increase during the third quarter, surpassing the $50 billion mark for the first time on record and accounting for roughly 60% of all global insured losses, according to …
At Energy Insurance Agency in Lexington, Kentucky, creating a great place to work is at the core of the agency’s success. The company’s family-friendly policies, personal attention to employees, opportunities for advancement and innovative employee benefits have earned Energy Insurance …
The number of record-breaking statistics related to natural disasters in recent years is eye-opening to the impact of climate change and the urgent need for the U.S. to invest in stronger mitigation, adaptation, and resilience efforts. In 2023, between January …
In the dynamic world of insurance, producers — commonly known as agents or brokers — stand at the intersection of client needs and the array of insurance products available. They not only drive sales but also shape the face and …
The transportation market is experiencing lower freight rates and excess capacity as fewer loads are shipped with demand for goods down from its pandemic-era peak. The trucking sector in particular is encountering challenges, including ongoing driver shortages, the high price …
When Chip and Ted Gibson got the keys to Deland, Gibson Insurance Associates in 2020, the brothers took over what Chip described as “a great shop.” Three generations of their family members had guided the independent agency since its doors …
The California Trucking Association (CTA) has asked a federal judge to stop a state rule that would require truckers to switch to zero-emissions vehicles by 2042, calling it “a vast overreach” that threatens the survival of industry. The trucking group …
Rusty Reid joined Higginbotham as the independent insurance agency’s twelfth employee in 1986. Today, about 2,800 of the company’s employees serve thousands of customers at more than 100 offices across 16 states. Those same employees recently propelled the Fort Worth-based …
The risk landscape is seemingly ever-expanding. While the insurance industry faces the familiar — yet more costly — severe weather activity, there may be new risks emerging below the surface and above the atmosphere. From supply-chain chaos and soaring reconstruction …
Cyber risks remain a top concern for business leaders, according to the annual Travelers Risk Index. The top concerns among 1,206 survey participants are, in order, medical cost inflation (60%), broad economic uncertainty (59%) and cyber risks (58%). Travelers reported …
