2022 M&A Activity Falls, But Still Could Rank as Second Highest On Record: Report January 23, 2023 Berkshire Hathaway’s $11.6 billion acquisition of Alleghany Corp. was the largest insurance transaction in 2022 but insurance M&A activity dropped...
A Great Opportunity January 23, 2023 By Chris Burand A great opportunity exists for those who want to make a difference in their communities, clients’ lives, and businesses on...
Insurance Coverage and Television January 23, 2023 By Bill Wilson Last month, insurance educator Chris Kendall, CPCU, ARM, et al., posted some results of a survey of 2,000 U.S. homeowners...
Not Time to Celebrate but Commercial Insurance Rates Are Stabilizing January 23, 2023 By Susanne Sclafane With last year’s 25% rate hikes for public directors and officers liability insurance dropping to 2.5%, and 150% hikes for...
Lack of Safeguards Led to Wisconsin Refinery Explosion January 23, 2023 Federal regulators have determined that a lack of safeguards during a maintenance shutdown led to a 2018 explosion at an...
The Basics of a Letter of Intent December 5, 2022 By Catherine Oak and Bill Schoeffler When an agency owner decides to sell, there are a plethora of buyers to choose from. A seller should narrow...
NAIC Has ‘Deep Concerns’ About FIO Bid to Collect Climate Change Data From Insurers December 5, 2022 By Chad Hemenway In a letter to the Treasury’s Federal Insurance Office, the National Association of Insurance Commissioners expressed its “deep concern” over...
Q3 Combined Ratio for U.S. P/C Industry Highest in 5 Years December 5, 2022 The U.S. property/casualty industry posted a combined ratio of about 106.6 in the third quarter — the highest in five...
The Talent Crunch: Tough Competition for Agency Talent Continues December 5, 2022 By Mark Hollmer The struggle to fill vacant positions at Conrade Insurance Group is real. Two slots remain open after the Kansas-based agency...
With Challenge Comes Opportunity: How Networking, Apprenticeship & Mentoring Can Help with Today’s Talent Crunch December 5, 2022 By Mark Hollmer Even before waves of people quit their jobs in the wake of COVID-19, brokers and agents struggled to find and...