Articles by Andrea Wells

The Senior Care Market Still Going Strong

The aging U.S. population will create unprecedented demand for the senior living industry for decades to come and that opens the door for agents and brokers to grow their business in this sector. But understanding the changing landscape in the …

Active Shooter and Senior Living Risks

One area of emerging risk for many industries, including the long term care or senior living market, is active shooter risk. Not only are residents/patients at risk, but so are senior living facility employees. “An active shooter event is something …

Tough Road for Trucking Insurance Specialists

Trucking serves as a barometer of the U.S. economy, representing 70.6 percent of all domestic freight transportation tonnage and $676 billion, or 79.8 percent,of transportation revenues in the country. Despite the sector’s size, for many trucking firms, it’s a rough …

P/C Insurers See Drop in Net Income

The year has been hard on the nation’s property/casualty insurers but don’t fret — the industry still remains profitable. According to ISO, a Verisk business, and the Property Casualty Insurers Association of America (PCI), the private U.S. property/casualty insurance industry …

Cyber Service: How the Market Is Dishing Out Innovation

No one knows what the future of cyber risk holds. But more market choices and value-added services are now part of this fast-growing market. “We don’t know,” said Blake Wiedman, partner at Nashville-based The Crichton Group. “We just don’t know …

New Association for Insurance Agency Networks Forming

An insurance industry lender is among those touting a new association for insurance agency networks. The lender, Live Oak Bancshares Inc., says it will not have ownership in the new group, Insurance Networks Alliance (INA), but will be an ongoing …

Agency E&O Before and After the Storm

For independent agents, errors and omissions (E&O) allegations can surface any day or week but the risk is heightened in the days following natural catastrophes. “After the storm passes over and the claims start to come in, the risk for …

Traffic Accident Deaths Still Up

Traffic accident deaths in the U.S. continue to rise, even while deaths related to distracted driving decline. The number of vehicle miles traveled on U.S. roads in 2016 increased by 2.2 percent, producing a fatality rate of 1.18 deaths per …

Workers’ Comp Costs and Benefits Decline as a Share of Payroll: Study

Workers’ compensation employer costs as a share of payroll declined in 2015, reversing a four-year trend, and benefits as a share of payroll fell for the fourth straight year, according to a new report from the National Academy of Social …

New Association for Insurance Agency Networks Forming

An insurance industry lender is among those touting a new association for insurance agency networks. The lender, Live Oak Bancshares Inc., says it will not have ownership in the new group, Insurance Networks Alliance (INA), but will be an ongoing …