There has been a somewhat return to normal when it comes to insurance agency mergers and acquisitions, with traditionally active buyers preferring to remain inactive to focus on integration of agencies they’ve already acquired. According to the M&A database of …
Based on my reading, most employers appear to prefer employees to be in the office. And yet, most white-collar employees seem to prefer working from home, at least for a material portion of the time. Quite a conundrum exists, and …
Workers’ compensation insurance is one of the costliest aspects of a construction project that carriers, construction managers, and businesses face. According to Insureon, construction carries the highest workers’ compensation costs of any industry, and as a result, the agents and …
No matter the business, customer referrals are always a welcome way to expand client bases and build trust within the marketplace. This is certainly true within the insurance space, where it is common practice for producers to incentivize friends, family …
As we continue into 2024, many property/casualty companies are primed to grow their businesses, but not all have adequate levels of surplus to support premium growth, an Aon Ward executive said during a December 2023 webinar. Jeff Rieder, partner and …
As risks from extreme weather, technology glitches and cyberattacks rise, so does the need for agricultural insurance that can cover a rapidly diversifying and evolving industry. “With the interest rates, production expenses, and cost of diesel constantly on the rise, …
Agency salaries and total compensation rose in 2023 for everyone in the Insurance Journal Agency Salary Survey. But while insurance agency personnel made more money last year, not everyone was satisfied. Managers/owners and producers were less satisfied with their compensation …
In my September 2023 column, I wrote about wear and tear exclusions in property policies and how these exclusions are sometimes improperly cited to deny claims. Most property policies have a series of exclusions that apply to wear and tear, …
February is Insurance Careers Month, a time often used to attract the attention of college graduates and professionals from other industries to the benefits of working in the insurance industry. While I’m all for that hype, dare I say that …
Insurance agency employees and producers on average made more money in 2023 but, overall, employees reported lower satisfaction with their compensation than in 2022, a year when overall satisfaction rose, according to the latest Agency Salary Survey, published annually by …
