There are two distinct marketplaces in today’s insurance arena: the admitted market – those insurers that are admitted to write insurance business in the state or country where the insured’s property or business is located, and the surplus lines market, which writes coverage that the carriers do not file with the state’s department of insurance…
Nuclear verdicts are hitting most insurance sectors, but nowhere is the threat more prevalent than in the trucking industry. From 2010 to 2018, average trucking verdicts over $1 million were up 1,000%. This Burns & Wilcox article details some of the challenges facing trucking companies and their brokers.
The federal Telephone Consumer Protection Act requires insurance agents to follow best practices outlined in that legislative rule. The Big “I” Agents Council for Technology offers resources that can help agents comply with the legislation and help ensure agents fully document all text conversations they have with their clients. Following some simple best practices can…
Workers’ Compensation
Essential Personal Lines
Essential Commercial Lines
Certificates of Insurance
Advanced Personal Lines
Advanced Commercial Lines
Agency acquisitions and mergers continue to heat up, your agency value may be more complex than you think. Revenue and commissions are not the prime indicator of value for an agency – Profit potential determines a business’s value, not size.
