Monthly Archives: <span>October 2021</span>

If at First You Don’t Succeed: The Key to Answering Prospect Objections

In our business — the business of developing insurance agencies — our coaches work closely with agency owners and their teams to develop the business of the founder’s dreams. Along the way, they teach, coach and mentor, cultivating a variety …

The Insurance Industry’s Equality Problem

The insurance industry has a problem. In order to determine how to charge our customers, insurers must find ways to put people into buckets based on their risk type and expected losses. Historically, the industry has relied on stand-in variables …

Everyday Commitment Helps BRP Maintain Its Tight-Knit Culture

For Florida-based Baldwin Risk Partners (BRP), creating a family-oriented atmosphere isn’t jargon; rather, it’s the very essence of the company. CEO Trevor Baldwin is the fourth generation in his family to work in insurance, “simply the best business on the …

Four Core Values and the ‘Thanksgiving Test’

“We are family to our employees, accountable to our clients, teammates to our carriers and generous to our communities. Those values inform all our decisions,” said Higginbotham CEO Rusty Reid, describing the four core values that drive the company’s operational …

Private Flood Insurance Market Small But May Grow With New NFIP Rating: AM Best

The country’s flood insurance market is slowly transitioning toward private insurers providing additional options to the federal government’s program for those seeking coverage, according to a new AM Best report. But private sector carriers are being selective, tending to avoid …

People & Places

National Specialist insurer Beazley has promoted Florian Beerli to lead its newly formed specialty risks and U.S. programs team. In addition to his new responsibilities, Beerli will remain as global lead for product recall. Prior to joining the insurer in …

Be Intentional: Why Powers Insurance Ranks High in Satisfaction

When Pierce Powers founded Powers Insurance & Risk Management in 1991, it wasn’t his idea. He had planned to follow in his father’s footsteps and become a surgeon. But an auto accident during his senior year in college changed everything. …

Robots in an Aging Population

You might think robots and other forms of workplace automation gain traction due to their intrinsic value in reducing the cost of doing business. But a study co-authored by an MIT professor tells a different story: Robots are more widely …

A Guiding Compass

Whether in work or play, it’s good to have a guide. Kapnick Insurance Group in Adrian, Michigan, has that covered with its Kapnick Compass, principles that define “who we are, our common language, and how we treat each other,” said …

Middle Market Firms Miss Out on Agents as Risk Management Resource: Survey

Many middle market companies are failing to use a key risk management resource: their insurance agents and brokers. According to a survey sponsored by insurer Chubb, only 15% of middle market companies rely heavily on an insurance agent or broker …