To paraphrase Sir Walter Scott, “Oh what a tangled web we weave when we try to figure out coverage under multiple insurance policies.” This month, I’d like to feature a real-life coverage scenario involving both personal and commercial lines policies …
Merger and acquisition activity increased in the first half of 2021 in most insurance sectors but not in the property/casualty sector. According to Deloitte’s Midyear Insurance M&A Outlook, the number of M&A deals is up 18% year-to-date and aggregate deal …
Home insurers have struggled to develop products and services designed to maximize customer lifetime value for the growing population of baby boomers migrating from home ownership to renting, a new study by J.D. Power, 2021 U.S. Home Insurance, reveals. About …
The hotel industry has made progress on the road to recovery from the effects of the COVID-19 pandemic, but in total, the sector is still reeling. The hotel industry is projected to end 2021 down more than $59 billion in …
When the pandemic hit, the business world changed rapidly and drastically. Insurance organizations pivoted to focus primarily on keeping their businesses running and managing the technical and logistical aspects of remote work. Employees adapted to best meet their work obligations …
One employee of The Rowley Agency, an independent insurance agency headquartered in Concord, New Hampshire, said that joining the agency was the best decision they made as a recent college graduate. “Five years ago, I walked into this office not …
Fighting Fires with Aluminum Foil “It’s pretty expensive, and you’d feel stupid if they stopped the fire before it got close. But I’m really glad we did it. It was pretty nerve-wracking when the flames came down the slope.” — …
Most independent agents overlook surety bonds as an additional product they can offer their clients. They believe surety is too much of a niche specialty. The bonds are difficult to write, and best left to larger firms, which often are …
National Moody’s, RMS Moody’s Corp. reported that it has completed its acquisition of RMS, the climate and natural disaster risk modeling and analytics firm. In the transaction, originally announced on August 5, 2021, Moody’s paid approximately $2.0 billion to acquire …
The National Transportation Safety Board released its preliminary report on an August gas line explosion in Coolidge, Ariz., that destroyed a home and killed a man and his 14-year-old daughter. NTSB investigators said a natural gas pipeline ruptured around 5:30 …
