Closing Quote

When Small Business Needs Specialty Insurance

Small business used to be associated with small exposures — simple business risks addressed with simple insurance products. However, changing customer needs and expectations, technology advancements, new regulations and evolving legal environment issues have dramatically changed the way small business …

One Year Ago: Reflections on the 2017 Hurricane Season

It’s hard to believe but August brings us to the one-year anniversary of the watery nightmare that was Hurricane Harvey and the beginning of the remarkable 2017 hurricane season that also featured Hurricane Irma (marking the first ever U.S. landfall …

Build vs. Buy: Organic Growth in a Rising Rate Environment

Now that interest rates are rising again, it’s time to re-examine whether buying an insurance agency is the smart choice for growth or whether building an agency makes more sense. While lots of factors come into play when agents want …

Finding A Better Course to Navigate Disasters

Despite the last several hurricane seasons, not nearly enough has been done to improve our country’s resilience against future storms. As a nation, we continue to spend the vast majority of disaster aid on recovery, rather than preparing our communities …

3 Reasons Your Clients Need to Buy Personal Umbrella

There are at least three reasons for an individual to buy a personal umbrella policy. To begin with, the primary policies otherwise available generally do not provide liability limits commensurate with the exposure such individuals may face. Second, the cost …

Policymakers Take On Distracted Driving Nationwide

Over the course of several decades, auto crash rates and fatalities had been on the decline. This reduction offset slightly increased crash severity and helped to moderate the cost of auto insurance. However, starting in 2014, there were sharp increases …

Blockchain Technology Presents Privacy Concerns for Insurers

In exploring the use of blockchain technology, the insurance industry must consider the issues and challenges presented by nearly 20- year-old privacy requirements created by the Gramm-Leach-Bliley Act, signed in 1999 by President Clinton. For the first time since 1933, …

Time to Rethink Education

The Association for Talent Development reports that employers spend nearly $1,300 per employee each year on training and development. Think about what you spend on education at your company. Are you getting your money’s worth? Demographic shifts, changes in technology …

Closing Quote: Legalized Marijuana Looks Like Bad News for Highway Safety

This past January, adults in California could line up for the first time to legally buy marijuana for personal, nonmedical use. That is when the nation’s largest state joined seven other states and Washington, D.C., in allowing recreational sales of …

Agency E&O: To Win a Lawsuit or Prevent One?

Insurance agents and brokers have long been targets of error and omission lawsuits. It’s also true that most of them have sought advice of counsel as to how to win a lawsuit. They will often be told that the duty …

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