Features

The Pickleball Explosion Comes with Opportunity, Challenges

If the insurance industry hasn’t noticed, the sport known as pickleball is exploding across the country. In the last three years, the number of players has jumped by more than 40%, by some measures. In Minnesota, some 600 courts are …

January Renewals See Hardest Property-Catastrophe Reinsurance Rates in a Generation

A convergence of global events has led to the hardest property catastrophe reinsurance market in a generation and a “complex,” “grueling” and “late” January renewal season, which went down to the wire, according to reports by brokers Gallagher and Howden …

5 Tips to Kickstart 2023 Recruiting

Teamwork is everything when it comes to bringing in the best candidates. This might not sound revolutionary, but it is critical in today’s tough talent market. Knowing this, I’ve asked my partners to share some advice to kickstart your recruiting …

How AI Can Transform Insureds’ Lives in 2023

Artificial intelligence (AI) has been a popular topic of year-end prediction articles in recent years. Looking ahead in 2023, I offer a viewpoint that goes beyond the marketing buzz with my forecasts of the value insurers could realize from AI …

4 Rules to Guide Continued Agency Success and Growth

Very early in my career as an insurance producer with a commercial insurance agency, I had the opportunity to hear a speech by the famous sales coach Roger Sitkins. Though I don’t remember everything Roger talked about in his presentation, …

2022 M&A Activity Falls, But Still Could Rank as Second Highest On Record: Report

Berkshire Hathaway’s $11.6 billion acquisition of Alleghany Corp. was the largest insurance transaction in 2022 but insurance M&A activity dropped overall this year, according to an S&P Global Market Intelligence analysis. As of the end of November, there were 685 …

A Great Opportunity

A great opportunity exists for those who want to make a difference in their communities, clients’ lives, and businesses on a professional level. Insurance was created to protect people’s and businesses’ assets, i.e., to protect their balance sheets. When a …

Insurance Coverage and Television

Last month, insurance educator Chris Kendall, CPCU, ARM, et al., posted some results of a survey of 2,000 U.S. homeowners on LinkedIn. Conducted or commissioned by Goosehead Insurance Inc., one of the most revealing statistics was that 65% of policyholders …

Not Time to Celebrate but Commercial Insurance Rates Are Stabilizing

With last year’s 25% rate hikes for public directors and officers liability insurance dropping to 2.5%, and 150% hikes for cyber cover sinking to 25%, significant softening is forecast for some casualty lines in 2023. Those reduced price hikes are …

Lack of Safeguards Led to Wisconsin Refinery Explosion

Federal regulators have determined that a lack of safeguards during a maintenance shutdown led to a 2018 explosion at an oil refinery in Superior. The U.S. Chemical Safety Board released a final report on the April 2018 explosion at the …

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