Yearly Archives: <span>2023</span>

Revisiting Terrorism Issues

Yesterday was my son’s 12th birthday but he didn’t spend it unwrapping presents or gorging on ice cream and cake. Most of our evening was spent solemnly observing unspeakable horror and devastation as the events of Sept. 11, 2001, unfolded.” …

The Next Chapter: Employment Practices Liability

Employment Practices Liability (EPL) insurance has been available since the late 1980s. But it was not until September 1991 when the world witnessed the Clarence Thomas Supreme Court hearings and Anita Hill’s testimony, that people recognized that sexual harassment was …

Buying and Selling: 5 Tips for Successful Agency Transactions

You are going to sell your interest in your agency at some point. Whether the sale is internal, external, to a family member, employees, or to a large national organization, there are steps you can take in advance to make …

5 Brokers Report Strong Revenues During Q3 as Favorable Market Climate Continues

Five publicly traded insurance brokers reported strong third quarter revenues, with their executives using adjectives such as “outstanding,” “terrific,” “excellent,” and “strong” to describe their companies’ financial performances. In a wrap-up of the brokers’ results, listed in descending order by …

Declarations

Ransomware Payments “As long as there is money flowing to ransomware criminals, this is a problem that will continue to grow.” — Anne Neuberger, U.S. deputy national security adviser for cyber and emerging technologies, told reporters after 40 countries in …

S&P: Struggles in Personal Auto Insurance to Subside More Slowly Than Expected

S&P Global Market Intelligence projects that personal auto results will improve from 2022’s worst-in-decades combined ratio of 112.2%, though not as rapidly as the organization’s experts previously expected. Continued pressure on claim severity across coverages has prolonged post-pandemic recovery for …

Making a Great Place to Work: E&S Brokers Share Their View on Talent Strategies

With a staggering 50% of the current insurance workforce set to retire in less than 10 years, potentially leaving more than 400,000 positions unfilled, nearly every insurance organization is struggling to recruit new talent while retaining their best talent. But …

Carrier Operational Stability

For nearly 30 years, I’ve been writing and consulting with insurance agencies, brokers and networks on the benefits of choosing the most stable carriers — stable from an operational perspective, which enables agencies to achieve greater success, rather than stable …

Higher Repair Costs, Supply Line Delays Drive Business Interruption Claims

The aftershocks of the COVID-19 pandemic have hit businesses hard, with inflation, supply chain disruptions, and increasing downtime. Just as we saw how ill-prepared our healthcare system was for the global outbreak, so was our economy, and our supply and …

People & Places

National Bermuda-based Aspen Insurance Holdings Ltd. appointed Bobby Bianconi global head of Cyber. Bianconi has been with Aspen since 2016 and brings over 10 years of dedicated underwriting experience, most recently as head of U.S. Cyber. Prior to joining Aspen, …