If you’re shopping for insurance online, with apologies to Bob Barker and Drew Carey, the price isn’t right. That is, shopping solely on price for any product or service that isn’t truly a commodity is the wrong approach, and insurance …
Lost time claims can lead to increased workers’ compensation premiums for an employer because they can raise the experience-modification (e-mod) factor that is used, in part, to determine workers’ comp insurance rates. The e-mod is one factor in workers’ comp …
Could self-service and digital quoting and binding be gamechangers for independent agents and brokers working in microbusiness lines? Though they’re the smallest of small businesses, microbusinesses account for the largest portion of small businesses in the United States. They dominate …
The independent agency channel is holding ground and showing slow, steady gains in lines of business penetration, including homeowners, according to the Big “I” 2023 Market Share Report. Based on 2022 data, this year’s report points to the growth of …
When you ask the internet what a nonprofit organization is, you get several answers. Many of those answers have to do with setting up a nonprofit and obtaining a tax-exempt status. More than being a form of business that is …
When it comes to helping high net worth (HNW) clients get optimal coverage, there’s more to it than just adding a couple of zeroes to premiums and payouts. HNW clients have different interests and concerns that require customized insurance programs. …
New cannabis products like gummies, drinks and new consumables bring the promise of exponential growth and the normalization of public consumption, promising to significantly reshape the business landscape for insuring cannabis specialists. Four industry experts recently gathered for an Insurance …
Global commercial insurance pricing rose 3% in the second quarter of 2023, down from 4% in Q1, according to Marsh, which pointed to two notable trends during Q2: a moderation in cyber rates and continuing challenges in property insurance, which …
In the past three years, we’ve experienced the height of a global pandemic, followed by the most challenging talent landscape many have ever experienced. Even though we are entering what appears to be a slightly easing insurance labor market, having …
A federal appeals court has clarified, at least under the realm of Texas law, when an insurer has a duty to indemnify – even if it has no duty to defend a tort action against the insured thanks to an …
