‘New Normal’ in Agency M&A Landscape Experts Share 2024 Outlook for Independent Agencies February 19, 2024 By Allen Laman The number of announced insurance distribution mergers and acquisitions boomed in 2021 and 2022. Last year, the count plummeted to...
Hub Launches High Net Worth Excess Wildfire Program in California February 19, 2024 HUB International launched a new program to address the need for enhanced wildfire coverage of high value homes that will...
USDA Insurance Program Updates Encourage Conservation February 19, 2024 In December 2023, the U.S. Department of Agriculture announced updates to the federal crop insurance program to affirm USDA conservation...
Houston Attorney Eric B. Dick Sanctioned Over $100K in ‘Frivolous’ Lawsuit February 19, 2024 By Ezra Amacher For the second time in three months, Houston plaintiffs’ attorney Eric B. Dick has been ordered to reimburse an insurer...
WEATHER Act Aims to Reduce Hurdles for Small Farmers February 19, 2024 In December, a group of legislators, including Vermont U.S. Sen. Peter Welch, a member of the Senate Agriculture Committee, and...
Proposed Cybersecurity Legislation Seeks to Protect America’s Food Supply Chain February 19, 2024 U.S. Representatives Brad Finstad (MN-01) and Elissa Slotkin (MI-07) have introduced HR 7062, the Farm and Food Cybersecurity Act, designed...
Wage Growth Likely to Continue Driving Workers’ Comp Payroll Growth February 19, 2024 By Allen Laman Despite a “significant slowdown” in job growth in 2023, a new National Council on Compensation Insurance briefing shared that “wage...
Report: 2023 Combined Ratio Forecast at 103.9, Commercial Lines Performed Best February 19, 2024 The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7 and...
It’s Time for the Commercial Property Insurance Industry to Adopt Tech Efficiencies February 19, 2024 By Alex Lyashok Buyers of commercial property insurance are facing many challenges. Rates are rising, capacity is becoming scarce (particularly in catastrophe exposed...
Chubb Writing More Personal E&S but CEO Greenberg Doesn’t Like the Trend February 19, 2024 By Chad Hemenway Chubb is writing more North American personal excess and surplus lines business, but the insurer’s chief executive is not exactly...