It was the best of times, it was the worst of times” would be an apt description of the last few years for auto insurers. Immediately after a nationwide, months-long driving hiatus caused collisions to plummet and profits to surge, …
When Allstate’s chief executive officer looks at potential growth opportunities for personal lines insurers, he sees an untapped part of the homeowners insurance market — customers that will buy home insurance online. Speaking at the Bank of America U.S. Insurance …
The past three years taught business owners resilience and adaptability. This is especially true for small businesses faced with the unique challenges of the pandemic, inflation, and the Great Resignation. But the pandemic also proved to be a time of …
The national combined average premium increased by 10.31%, and average liability premiums increased by 10.36% over the 2016-2020 period. The national combined average premium per insured vehicle was $1,176, a 2.4% decrease from 2019 to 2020. – 2019-2020 Auto Insurance …
The struggle for gender equality in the workplace has come a long way. Promising strides have been made in both the start-up scene and in large corporations to create more opportunities for women and countless new female business leaders have …
One of the topics an agency owner will often have to discuss with a new or existing producer will be “ownership.” When we ask a producer what they mean by ownership, stock ownership is often what comes to their mind. …
What changes lie ahead for the rest of 2023? That’s a question that Insurance Journal’s “On Point” podcast host Peter van Aartrijk discussed with David Smith, founder and chief executive of Global Futures and Foresight, late last year. Smith is …
Technology is a double-edged sword that can drive fear as much as excitement for the future. Game-changing tech, though, allows us to make our imaginations a reality. Let’s take a spin down Future Lane to see what tech might hold …
For March’s column I wanted to celebrate Women’s History Month, but beyond that I didn’t know what the message would be. Thankfully, I know amazing women. Their answers to “What’s happening for women in the insurance industry?” revealed consistent themes …
The increasing cost of flooding due to climate change has led to growing concerns that housing markets are mispricing these risks, thus causing a real estate bubble to develop, according to a study published recently in the journal Nature Climate …
