insurance News

Man Gets 15 Years for Conspiring to Set Fire to His Business in Maryland

A man convicted of conspiring to set fire to his Maryland business to collect insurance money has been sentenced to 15 years in federal prison. The office of the U.S. Attorney in Maryland said Demetrios Stavrakis, 54, of Lutherville-Timonium, was …

What to Post Next on Your Insurance Agency’s Instagram Feed

Instagram is one of the most used social media platforms in the United States according to the Pew Research Center. Over 800 million people use the photo-sharing app per month. Facebook made news when it acquired the platform for $1 …

2019 Natural Hazard Report Highlights Long Tail of Financial Recovery

Preparing for a catastrophe is a science. This science involves models built from data and analytics that can capture the worst-case scenario for businesses and homeowners. Knowing exactly what the worst looks like allows people to better prepare for it. …

2018 California Wildfires – An Actuarial Review

2018 was another catastrophic year for wildfires across the United States. Nearly 9 million acres burned, and many lives, homes and businesses were lost. California alone had over 1.8 million acres burned, and the Camp fire was the deadliest and …

How Online Reviews Affect Your Search Engine Rankings

People shop for and research insurance online every day. Some will do so on your insurance agency’s website. But this doesn’t come free. Those consumers picking your insurance agency have power because they can help your agency thrive. Or, they …

Factors that Contribute to Prolonged Recovery after California Wildfires

This post is part of a series sponsored by CoreLogic. As strong winds further exasperate the prime weather conditions for wildfires in California, efforts to save lives and property are a foremost priority of emergency responders and state officials. To …

The Lowdown: Cannabis 101 in 300 Minutes or Less

On October 17th, the Insurance Journal hosted a virtual, 6 hour, live summit on insuring the cannabis industry. With 2,300 pre-registrants, an additional 200 joined in as the day progressed. These viewers represented over 1,230 companies, 41 countries and 50 …

Kincade, Tick and Getty Fires Currently Threaten Nearly 1,000 Homes with a Reconstruction Cost Value of $535M

As of October 29, there were at least 18 fires burning in California, ranging in size from a few acres to more than 74,000 acres as in the case of the Kincade Fire in Sonoma County. This is in addition …

Why Your Agency Should Re-Examine the Hard Sell

This post is part of a series sponsored by ITC (Insurance Technologies Corporation). Floppy discs. VCRs. Cell phones the size of bricks. Once, these devices were cutting edge technologies and part of our everyday lives. Today, they are nostalgic and …

Washington Considers Overhaul of Cannabis Regulation 5 Years in

Five years after Washington launched its pioneering legal marijuana market, officials are proposing an overhaul of the state’s industry rules, with plans for boosting minority ownership of pot businesses, paving the way for home deliveries of medical cannabis and letting …