Insurance Research Council: Home Insurance Spend Tops Household Income Growth June 3, 2024 By Chad Hemenway According to the Insurance Research Council (IRC), the average homeowners insurance expenditure has become less affordable for U.S. consumers over...
Exploring AI: Fascination with AI, Not Fear Will Drive Success for Independent Agents June 3, 2024 By Tony Caldwell I remember watching Michael Crighton’s “Westworld” in 1973. Two vivid impressions from that experience remain. The first was my date...
How to Embrace Compensation Transparency June 3, 2024 By Julie Bingham The quest for transparency in compensation has become a paramount concern for both employers and employees alike. About one-fifth of...
Social Inflation Key Factor in Rise of Loss Severity: AM Best June 3, 2024 Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other...
CIAB: Commercial P/C Premiums Increase 7.7% in Q1 2024 June 3, 2024 By Chad Hemenway Overall commercial property/casualty premiums increased slightly for all account sizes to 7.7% on average in the first quarter 2024, according...
Is an ESOP in Your Future? Don’t Overlook This Valuable Succession-Planning Tool May 20, 2024 By Scott T. Freiday 2024 marks 50 years since Congress passed legislation codifying the tax benefits of employee stock ownership plans (ESOPs). Senator Russell...
Texas Attorney Charged with Skimming $2.4M from Settlements May 20, 2024 A Houston plaintiffs’ attorney known as “Car Wreck Clyde” is awaiting court proceedings after being charged with skimming as much...
Ban on Worker Noncompetes Faces Uphill Legal Battle May 20, 2024 By Daniel Wiessner The U.S. Federal Trade Commission’s ban on “noncompete” agreements commonly signed by workers is likely vulnerable to legal challenges, experts...
Louisiana Lawmakers Repeal ‘Three-Year Rule’ that Barred Policy Cancellations May 20, 2024 Property insurers in storm-swept Louisiana could soon gain much more flexibility over policy cancellations if the governor signs House Bill...
Global Election Super-Cycle Raises Risk of Political Violence, Large Insurance Losses May 20, 2024 By L.S. Howard Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of...