M&A Deals Makers & Deal Breakers
Why are some transactions or “deals” most likely to happen or not happen? There are a number of factors that come into play and those of us in the industry call them deal makers and deal breakers. Every deal needs …
Requiring Citizens’ Policyholders to Also Buy Flood Insurance Could Address a Boatload of Problems
Problem: Less than 20% of Floridians in vulnerable areas carry flood insurance. Uninsured flood losses from Hurricane Ian are projected to be as high as $16 billion – almost half as much as insured wind damages, according to CoreLogic, the …
Models, Moats and Moat Mortality
Insurance companies, like all companies regardless of industry, should have several management capabilities — a strategy to differentiate themselves in the marketplace, a business model to enable the strategy, a moat to defend the business model, and a plan to …
In Hot Tub Case, Farm Bureau Must Defend Insured in Deadly Legionnaires’ Disease Outbreak in North Carolina
What started out as festive time at the North Carolina Mountain State Fair in 2019 ended with 96 people hospitalized with Legionnaires’ disease. Four of them died. The tragedy in Fletcher, North Carolina, made national headlines. Multiple victims filed suit …
Market at a Glance
Trucking serves as a barometer of the U.S. economy, representing 72.2% of tonnage carried by all modes of domestic freight transportation, including manufactured and retail goods, according to the American Trucking Association (ATA). Trucks hauled 10.93 billion tons of freight …
South Dakota Pot Legalization Effort Faces Resistance
When it comes to marijuana, South Dakota has been a leader among its Great Plains neighbors: one of the first to legalize recreational use, the first to approve both medical and recreational forms on the same ballot and the only …
Agency E&O Premiums Rise Again; 3 Years in a Row, More Agencies Report Paying More for E&O Coverage
Agency errors and omissions premiums have risen on average for three years in a row, according to Insurance Journal’s annual Agency E&O survey. Some 70.5% of respondents saw an increase in their agency E&O renewal premium in 2022. That’s up …
Judge Dismisses FedEx From Indiana Shooting Lawsuit
A federal judge has dismissed FedEx from a lawsuit filed by relatives of five of the eight people who were fatally shot last year at an Indianapolis warehouse by a former employee of the shipping giant. U.S. District Judge James …
4 Important Aspects of Agency E&O Coverage
Errors and omissions (E&O) coverage is one of those topics that people have a love/hate relationship with. For the most part, professionals who need E&O cover like to know what coverage they have, when it covers them, and how they …
On the Road: Tough Trucking Market Brings Challenges, Opportunities for Specialists
The demand for transportation services remains strong and experts believe that trend will continue throughout 2023. That’s good news for transportation insurance experts. At the same time, the trucking sector today faces challenges, including ongoing driver shortages, rising operational costs, …
