Features

3 Emerging Risks to Watch: 6G Wireless Technology, Autonomous Trucks, Kratom

It seemed not so long ago that many wireless carriers were in a race to 5G, touting the speed of their networks to consumers. Now, the successor to that network is in development and could bring a bounty of potential …

Majority of Small Business Leaders Think AI Will Play ‘Crucial Role’ in Work Safety

More than half of small business leaders believe artificial intelligence will play a “crucial role” in worker safety over the next five years, according to a new report from Pie Insurance. A survey of decision-makers from just over a thousand …

Perpetuation Planning – Part One

Perpetuation planning should begin long before owners want to retire. The four major techniques to transfer ownership of a business are: Internal sale to key employees, including family members. Sale of the business to an outside firm. Merging with another …

Wildfires and Lessons Learned

“I conceive that the great part of the miseries of mankind are brought upon them by false estimates they made of the value of things.” — Benjamin Franklin It seems difficult to watch a daily newscast that doesn’t have a …

Supreme Court: Truck Driver Can Seek Treble Damages Over THC in CBD Product

The Supreme Court on April 2 sided with a truck driver who wants to sue for triple damages over a CBD hemp product he said was falsely advertised as being free from marijuana’s active ingredient and resulted in him getting …

What Does the Future Hold for Independent Agencies?

Wouldn’t it be nice to know what the future holds? The insurance market, the economy, and consumer expectations are all shifting, making it hard to know where to focus. The Council of Insurance Agents & Brokers (CIAB) reports that fourth-quarter …

Dueling Regulators: Florida OIR Slams DFS in Effort to Combine Agency Insurance Oversight. DFS Pushed Back.

In a March memo to lawmakers, Florida’s Office of Insurance Regulation sharply criticized the state’s rather unique two-agency insurance regulatory structure, arguing that the Department of Financial Services has dropped the ball on consumer complaints, investigations and insurer affiliate companies. …

Four Charged in Death of Michigan Boy in Oxygen Chamber Explosion

Four people have been charged in the death of a 5-year-old boy who was “incinerated” inside a pressurized oxygen chamber that exploded at a suburban Detroit medical facility, Michigan’s attorney general announced. Thomas Cooper from Royal Oak, Michigan, was pronounced …

Why Telematics Alone Won’t Lower Distracted Driving Risks

For many years, agents and brokers have advised clients about the benefits of telematics in reducing commercial auto risks. So, why haven’t market conditions improved, and why is distracted driving still so prevalent? The answer comes down to follow-through. Telematics …

Nearly a Quarter of Homes in New Mexico Uninsured, Report Shows

New Mexico has the highest rate of uninsured homes in a report that also shows nearly one-in-seven U.S. homes are uninsured, and 11.3 million out of 82.9 million owner-occupied homes (13.6%) are uninsured. A report from LendingTree that used Federal …

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