Articles by Mark Hollmer

Hollmer is a former Carrier Management editor and writer and veteran industry journalist based in Charlottesville, Virginia.

The Talent Crunch: Tough Competition for Agency Talent Continues

The struggle to fill vacant positions at Conrade Insurance Group is real. Two slots remain open after the Kansas-based agency spent more than six months trying to fill them. Underscoring the challenges, a new hire even changed his mind at …

With Challenge Comes Opportunity: How Networking, Apprenticeship & Mentoring Can Help with Today’s Talent Crunch

Even before waves of people quit their jobs in the wake of COVID-19, brokers and agents struggled to find and retain good talent as the workforce continued aging out. Challenge has led to opportunity, however, with creative and sensible practices …

Despite Mitigation Efforts, Cyber Attacks and Rate Hikes to Continue in 2022

As dramatic as escalating ransomware attacks and rapidly climbing cyber insurance rates have been in 2021, both trends will continue to be a nuisance in 2022, according to an expert from Fitch Ratings. “It is probably one of the bigger …

Heading Into 2022, P/C Insurers Face ‘Massive’ Political Risks, Economic Uncertainty

Property/casualty insurers head into 2022 facing “massive” political risks, an expert with the Insurance Information Institute said on Dec. 2. Economic uncertainty will also continue despite recovery trends. Some exist due to post-pandemic economic fallout, but many others are longstanding …

Heading Into 2022, P/C Insurers Face ‘Massive’ Political Risks, Economic Uncertainty

Property/casualty insurers head into 2022 facing “massive” political risks, an expert with the Insurance Information Institute said on Dec. 2. Economic uncertainty will also continue despite recovery trends. Some exist due to post-pandemic economic fallout, but many others are longstanding …

Lemonade to Acquire Auto Insurer Metromile in Merger of Insurtechs

Digital insurer Lemonade plans to acquire California-based pay-per-mile auto insurance startup Metromile in an all-stock transaction as it continues to expand, Carrier Management reported. With the agreement, the New York-based insurtech stands to gain a national foothold in car insurance, …

Regulation, Technology Know-How Are Delaying Embedded Insurance’s Full Potential

Embedded insurance has made substantial gains in 2021, but the technology faces regulatory and other roadblocks that could postpone its full potential, a panel of experts and industry insiders said during InsureTech Connect 2021 in Vegas. “Regulation is a roadblock …

Chubb CEO Greenberg Says Some Insurtechs Are More Hype Than Transformation

Many startups in the insurance world have long promised to transform every aspect of the industry they touch. Speaking recently before an audience of insurtech entrepreneurs, Chubb CEO Evan Greenberg was having none of that. “It’s just hype,” Greenberg said …

Government Can and Should Help Reduce Cyber-Security Risks: ITC Highlights

It’s no secret that cyber insurance rates keep rising into the stratosphere. But the U.S. government can take specific actions to help reduce risk and stabilize the market, a former federal official and industry CEO argued separately at ITC Vegas …

Chubb CEO Greenberg Says Some Insurtechs Are More About Hype Than Transformation

Many startups in the insurance world have long promised to transform every aspect of the industry they touch. Speaking recently before an audience of insurtech entrepreneurs, Chubb CEO Evan Greenberg was having none of that. “It’s just hype,” Greenberg said …