Whether an agency owner is looking to streamline their operation to do their annual budget, make more profit, or ascertain agency value for an internal valuation or potential sale, creation of a pro forma income statement is important. Budget Creation …
D&O Dampening “Despite recently favorable statutory underwriting results, the softer pricing of the past couple of years could ultimately dampen the financial performance of D&O insurers because the premium base to support future claims activity has diminished, even as risks …
This year restaurants and bars continue to grapple with many of the same challenges they faced in 2024. The rising cost of labor and food, along with the ongoing struggle to recruit and retain employees, remain among the top concerns …
Establishing trust with small business clients is key to maintaining their loyalty over time. Insurance professionals can build trust and communicate effectively with smaller enterprises by focusing on personalized service, clear marketing, and understanding their niche needs. Communicate Clearly Small …
Leaders of the casualty insurance practices of a global insurance carrier and a North American specialty brokerage offered insights for insurance buyers and sellers to deal with today’s casualty insurance market during a webinar in February. Their main message was …
Nothing works forever. Or at least it will not work as well as it may have in the past. This is especially true when it comes to a business’s strategy for growth. The economic environment fluctuates and these shifts require …
While Western wildfires have dominated disaster news for decades, new analysis using artificial intelligence shows millions of homes across the country—even in the swampy Southeast—are at risk for wildfires. ZestyAI found that $2.15 trillion worth of U.S. residential property is …
The last three years have exposed a growing challenge for insurance carriers: attracting, hiring, and retaining young talent. Despite the passing of the so-called “Great Resignation,” the insurance industry continues to face significant workforce challenges. The Bureau of Labor Statistics …
General and Professional Liability for Temp Staffing Companies Market Detail: INVO Underwriting LLC offers general and professional liability for temp staffing companies across the entire U.S. From healthcare staffing to industrial and clerical positions, INVO Underwriting accepts a wide range …
Safeco Insurance will stop being a brand name in 2026, and Liberty Mutual Insurance will sell all of its personal lines products under the Liberty Mutual name. Safeco has been Liberty Mutual’s brand for the independent agent channel to sell …
