Yearly Archives: <span>2017</span>

Declarations

Poor Job with Opioids “We do a pretty poor job of putting time into discussing these medications.” — Michael Crooks with the healthcare consulting firm Alliant Health, speaking on the opioid epidemic. Crooks spoke at the University of Georgia College …

How Surety Bonds Impact Contractor and Agent Relationships

Even though the surety industry is only a fraction of the total property/casualty marketplace, the importance of surety bonds to contractors and their impact on their relationship with insurance brokers is significant. A surety bond line can be a critical …

Tech Tips to Reach Millennials: Tech Talk

Independent agents are slowly accepting the fact that they need to reach out to millennials more effectively. Much of the generation that is now between the ages of 20-36 is entering its prime earning years and starting families and buying …

Deal Activity on Record Pace: MarshBerry

Deal count is on record pace for the first nine months of 2017 (year-to-date, Sept. 30, 2017). There were 357 transactions during this period. By comparison, 334 transactions closed during the same year-to-date period in 2016, and 352 deals year-to-date …

Recent Hurricanes Highlight the Need for Digital Transformation in Insurance

The claims for Hurricane Irma are starting to pour in and they’ll be big, $25 billion to $35 billion, forecaster AIR Worldwide says. The scenes of flooding, displaced people, wrecked homes and disrupted communities are all too familiar, as are …

Tesla Debuts 500-Mile Electric Heavy Duty Truck

Tesla Inc. upstaged its own debut of an electric heavy duty truck on Thursday when a red Roadster pulled out of the big rig’s trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest …

Texas Surplus Lines Premium Up 6% for the Year

Texas has recorded $4.6 billion in surplus lines premium through the end of October 2017, a 6 percent increase over 2016, according to the Surplus Lines Stamping Office of Texas (SLTX). Providing an update at the annual meeting of the …

Louisiana Business, Industry Group Names LUBA Workers’ Comp Company of the Year

LUBA Workers’ Comp, a regional casualty insurance company, was named Company of the Year in the 100 employees or less category of the Louisiana Association of Business and Industry’s 2017 Free Enterprise Awards. The awards recognize companies with an unparalleled …

Minnesota Commerce Commissioner Rothman to Run for State Attorney General

Minnesota Commerce Commissioner Mike Rothman announced that he is leaving his post to run a campaign for state attorney general. In a statement, Rothman said he is stepping down as of 11 a.m. today. “I have made the decision to …

Rate Increases Approved for Texas Automobile Insurance Plan Association

Texas Insurance Commissioner Kent Sullivan has approved changes in the rates for private passenger and commercial automobile insurance provided through the Texas Automobile Insurance Plan Association (TAIPA), which is the state’s assigned risk plan. The changes, which are effective March …