Features

Agents Expects Big Jump in Online Commercial Insurance Shopping: Survey Reports

A majority of independent insurance agents (53%) are expecting a significant increase in online commercial insurance buyers over the next three years, according to a survey from Semsee, a platform for small-commercial quoting, and TrustedChoice.com, a digital marketing platform for …

Louisiana Insurers Have Paid $13.1B on Ida Claims

Louisiana insurers have paid or reserved to pay $13.1 billion on Hurricane Ida claims through June 30, 2022, the state’s department of insurance announced in early August. Policyholders had filed 460,709 claims of all types from Hurricane Ida as of …

Louisiana Roofing Contractor Fined $249,000 for Failure to Comply with Safety Standards

A Baton Rouge, Louisiana roofing contractor who ignored federal safety inspectors’ February 2022 warnings that not complying with required fall protection standards exposed their workers to serious dangers now faces the consequences after an investigation into a worker’s deadly fall …

California Insurance Commissioner: Mercury Steered ‘Good Drivers’ Toward Higher-Priced

California Insurance Commissioner Ricardo Lara announced a legal action in early August against Mercury Insurance for reportedly violating consumer protection laws, including selling Mercury’s highest-priced policy to “good drivers” instead of the lowest-priced policy for which they qualify. Lara’s action …

Pipeline Company to Pay Nearly $1M for California Oil Spill

The owner of an underwater oil pipeline that spilled some 25,000 gallons of crude into the ocean off Southern California last year will pay nearly $1 million in cleanup costs. The Orange County Board of Supervisors agreed to accept a …

U.S. Crop Writers Post Record Premium Growth: AM Best

Premiums in the federal multi-peril crop insurance (MPCI) program surged in 2021 to a record high of $14.9 billion, an increase of nearly 40% over the previous year, according to an AM Best report. The new Best’s Market Segment Report, …

Global Commercial Insurance Rates Rise 9%, Continuing Moderating Trend: Marsh

Global commercial insurance prices increased 9% in the second quarter of 2022 (down from an 11% increase in Q1), continuing a trend of moderating rate increases that began in Q1 2021, according to the Global Insurance Market Index released by …

How Should the Cyber Industry Be Thinking About Digital Privacy Post-Roe v. Wade?

The U.S. Supreme Court’s June overturning of the 1973 Roe v. Wade decision protecting women’s constitutional right to an abortion has brought with it reports of growing digital privacy concerns. Most of the concerns center on individuals’ collected data due …

Solving Climate Change Starts with C-Suite Leadership

From a global pandemic to unprecedented racial, social and political turmoil, to sustainability and climate change, senior executives across industries have been forced to deal with a range of issues that have not historically been considered central to the business. …

101 Sales, Marketing & Agency Management Ideas

Be Kind. No matter how educated, talented, or rich you are, how you treat people ultimately tells all. – Jonathan Friedland, Universal Property & Casualty Insurance Company Be happy! Be happy with who you are! Be happy to represent your …

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