Features

Texas Surplus Lines Industry Had a Record-Setting Year in 2018

The Surplus Lines Stamping Office of Texas (SLTX) reported that the state recorded $6.08 billion in excess and surplus insurance premium for 2018, representing an 11.4 percent growth over 2017. The numbers represent another record-setting year for surplus lines filing, …

Number of Licensed Agents, Agencies Grew in Arkansas Last Year

There was a 10.8 percent increase in insurance agent licensure in Arkansas in 2018 over the previous year, as well as an uptick in the licensing of insurance businesses, the state insurance department announced. At the end of 2018, the …

Who’s Investing in the Agency System

According to some pundits, the agency system should be dead by now. However, it appears not everyone got that memo. Here are some recent examples of companies, techies and investors putting their money where their mouth is and betting on …

California Wildfires, Hurricane Michael Top List of 2018’s Costliest Natural Disasters: Munich Re

The costliest natural catastrophes occurred in the United States in 2018 with one of California’s devastating wildfires and Hurricane Michael topping the list, according to Munich Re. A report from Munich Re on last year’s natural disasters pointed to “clear …

Strategies for Survival in an App-First World

The traveling salesperson has returned. Oh, they no longer carry around a suitcase with samples of what they are selling, and they no longer come a calling. No, we aren’t looking for Professor Harold Hill to get off the train, …

Brightway Goes ‘All In’ on Independent Agents, Unveils No-Cost Path to Agency Ownership

On the heels of celebrating its 10-year anniversary, Jacksonville, Fla.-based Brightway Insurance, a national property/casualty insurance retailer selling through a network of franchised independent agencies, has unveiled a no-upfront cost program for independent insurance agents that offers a path to …

How Commercial Insurance Rates Changed in Q4 and 2018: IVANS

Renewal premium rates for nearly all major commercial insurance lines increased in the fourth quarter of last year with the exception of workers’ compensation where the average rate dropped and remained negative. The 2018 IVANS Index for Q4 and year-end …

Wildfires, Dynamex Dominate California Wholesaler Conference

Wildfires and the Dynamex decision dominated discussions at an insurance wholesaler conference in early January. The California Wholesaler Association conference in La Jolla, Calif., from Jan. 6 to Jan. 8 featured numerous panels and networking opportunities. CIWA talks included experts …

For New Governors, Natural Disasters Will Be Necessary Priority

Even Governors Skeptical of Climate Change Can’t Avoid Need to Plan for Future Storms, Fires Governors have a range of priorities they want to tackle in the coming year, from tax reform to education. Yet, one topic that receives less …

Tennessee Insurance Head McPeak On Leading NAIC, Priorities Under New Gov

Tennessee Insurance Commissioner Julie Mix McPeak’s tenure as president of the National Association of Insurance Commissioners (NAIC) may have come to an end, but her work as an insurance regulator will continue for some time thanks to her reappointment by …

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