All Posts

It’s All in the Family at Higginbotham

Insurance Journal

By Chad Hemenway There’s a certain “something” about Rusty Reid that makes it clear why folks might like to work for him as chief executive and chairman of Higginbotham. He feels like a buddy, a big brother, maybe an uncle. …

Posted: Oct 06, 2024

Employee-Owned CoVerica Goes the Extra Mile

Insurance Journal

By Ezra Amacher Earlier this year CoVerica Insurance rolled out an employee-owned stock program, giving the agency’s staff an opportunity to become part-owners of the organization. That decision to become an employee-owned company gave CoVerica...

Posted: Oct 06, 2024

How Insurance Industry Can Use AI Safely and Ethically

Insurance Journal

Several types of artificial intelligence are already being adopted by various parts of the insurance industry and they have the potential to deliver extraordinary efficiency savings, opening the door for even more profitability, innovation, and compl...

Posted: Oct 06, 2024

At Mackoul Risk Solutions, ‘Employees Come First’

Insurance Journal

By Allen Laman Instead of becoming a major league umpire, Ed Mackoul chose to help his father build an insurance empire. Ed wasn’t sure how his life would turn out before joining Mackoul & Associates in 1995. College didn’t give &#823...

Posted: Oct 06, 2024

Using AI to Provide a More Human Claims Experience

Insurance Journal

The robots are coming — and in some cases, they’re here. Advancements in generative artificial intelligence are enhancing claims processes in many ways, from improving First Notices of Loss (FNOLs) to analyzing videos and images to assess...

Posted: Oct 06, 2024

Trust Matters

Insurance Journal

When it comes to small business owners and their insurance providers, trust matters. So do personalized relationships. Even in an environment of rising rates in which 36% of small business owners have experienced premium increases during the past yea...

Posted: Oct 06, 2024

Redefining the Employee Experience for Today’s Workplace

Insurance Journal

An organization’s ability to provide an exceptional employee experience impacts its success in many ways, from driving profitability and growth to enhancing customer satisfaction. However, now that the majority of insurers have adopted long-ter...

Posted: Oct 06, 2024

A Better Customer Experience: What Agents Should Expect from Insurers

Insurance Journal

In today’s competitive insurance environment, successful independent agencies have focused on building their agency’s brand. To that end, agents must focus on working with insurance companies whose service capabilities enhance their clien...

Posted: Oct 06, 2024

Flexibility, Employee Engagement Rule at Robertson Ryan Insurance

Insurance Journal

By Jahna Jacobson What makes Robertson Ryan Insurance a great place to work? The freedom to do the job, do it well and still have the time and energy for the life you want to lead, according to folks who …

Posted: Oct 06, 2024

Strategies to Recruit Insurance Producers in Today’s Job Market

Insurance Journal

A surprising question about recruiting emerged in 2024. Insurance agencies have consistently asked me, “What are you seeing in the market for insurance producers?” The fact that agencies are looking for producers doesn’t shock me. I...

Posted: Oct 06, 2024

How Flood Risk Is Driving an Insurance Protection Gap in the US

Insurance Journal

It is likely that you have read recent headlines sounding the alarm over a potentially uninsurable future. The ongoing threat of more frequent and damaging extreme weather is making it increasingly difficult for homeowners to secure affordable insura...

Posted: Oct 06, 2024

Insuring the Unique Risks of a Bed & Breakfast

Insurance Journal

Big brand hotels give the customer the exact experience that they expect. When you go to one in Florida, it’s essentially the same as going to one in Ohio. Boutique hotels are normally a bit more unique and offer an …

Posted: Oct 06, 2024

Owner Compensation Performance Based – Part One

Insurance Journal

The amount of money an owner makes is directly proportional to the perceived importance, or success, to the person taking the money home. It is well known that there are factors that dilute this rule, but it still is a …

Posted: Oct 06, 2024

What AI Means for Cyber Liability and Risk Management

IA Magazine

The continued evolution and use of artificial intelligence (AI) technology within organizations is fervent—from helping companies create operating efficiencies to its use for the company's intelligent security tools and services.

Posted: Oct 06, 2024

Travelers Launches Quantum Boat 2.0

IA Magazine

Quantum Boat 2.0 offers the ability to cover up to eight boats on a single policy, expedited policy issuance and highly customizable coverage options.

Posted: Oct 06, 2024

Long-Term Care Insurance: The Crisis and Crossroads Facing the Market

IA Magazine

Although many seniors receive unpaid care from family, many more will require formal assistance at prices that far outpace typical retirement income. Long-term care insurance helps pay for these costs.

Posted: Oct 06, 2024

5 Guidelines for Effective Cyber Protection

IA Magazine

Technology is moving quickly – and that means so are cybercriminals. It can be challenging to protect oneself from cybercrime, but these guidelines can help you and your customers prepare.

Posted: Oct 06, 2024

When Cybersecurity Measures Backfire: Lessons from CrowdStrike

IA Magazine

Discover the lessons from the CrowdStrike outage that risk managers and insurers can't ignore.

Posted: Oct 06, 2024

The Hidden Complexities of Embedded Insurance: Why the Revolution is Taking Longer Than Expected

IIR

By addressing the technological infrastructure challenges and mastering advanced data utilization and personalization, insurers can access the massive potential of embedded insurance.

Posted: Oct 06, 2024

WTW Names Izabella McGuire Senior Client Advocate REHL Industry Vertical

IIR

McGuire comes to the Real Estate, Hospitality, and Leisure division within Corporate Risk & Broking, North America from her role as Territory Sales Manager at Marsh.

Posted: Oct 06, 2024

Triple-I Offers Preparedness Tips for Floridians as Major Hurricane Milton Approaches State

Insurance Information Institute

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]   ST. JOHNS, Fla., Oct. 7, 2024 — Florida residents should finalize preparations for significant impacts of Hurricane Milton, which is forecast to make landfall...

Posted: Oct 06, 2024

Support Available for Insurance Agents Affected by Hurricanes

IA Magazine

The Trusted Choice® Relief Fund is accepting donations and grant applications to help independent insurance agencies and their staff affected by Hurricanes Helene and Milton.

Posted: Oct 06, 2024

Ricky Power Joins Stoch Analytics as Chief Growth Officer

IIR

The former head of Axis actuarial software sales at Moody’s Analytics will lead Stoch’s sales, marketing, and business development activities.

Posted: Oct 06, 2024

Nationwide Building Society completed its acquisition of Virgin Money

coverager

Nationwide is now UK’s second-largest provider of mortgages and savings accounts.

Posted: Oct 06, 2024

Watches Of Switzerland acquires watch site Hodinkee

coverager

The acquisition includes Hodinkee's insurance business in partnership with Chubb.

Posted: Oct 06, 2024

Abacus Life names Robert F. Phillips SVP, investor relations and corporate affairs

coverager

Before joining Abacus Life, Phillips held a senior role at Nasdaq.

Posted: Oct 06, 2024

Waymo and Hyundai enter multi-year, strategic partnership

coverager

The IONIQ 5 vehicles will be assembled at Hyundai’s new EV plant in Georgia and fitted with Waymo Driver technology.

Posted: Oct 06, 2024

Belfius to discontinue banking app Banx three years post launch

coverager

The app will be discontinued in December due to its struggle to gain significant traction in a saturated market.

Posted: Oct 06, 2024

Towne on Top

coverager

Vijay Raghavendra has been named interim replacement.

Posted: Oct 04, 2024

California Commissioner Orders 1-Year Moratorium for Residents Affected by Boyles Fire

Insurance Journal

California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for more than 16,000 policyholders affected by the Boyles Fire located in Lake County. The commiss...

Posted: Oct 04, 2024

Dissecting Insurance Industry's Response to Geopolitical Risks

Insurance Thought Leadership

Dissecting Insurance Industry's Response to Geopolitical Risks Risk Management sradomski

Posted: Oct 04, 2024

Insurers See Decline in Private Equity Income Despite Investing More: AM Best

Carrier Management

Insurers See Decline in Private Equity Income Despite Investing More: AM...

Posted: Oct 04, 2024

USAA donates $1M to support recovery in aftermath of Hurricane Helene

coverager

Three national nonprofits will receive grants to assist in recovery efforts, including American Red Cross, Team Rubicon and Feeding America.

Posted: Oct 04, 2024

Helene Damage Numbers Climb: AccuWeather Revises Total Damage Cost to $225B+

Carrier Management

Helene Damage Numbers Climb: AccuWeather Revises Total Damage Cost to $225B+ For the second time since...

Posted: Oct 04, 2024

Florida Communities Hit Repeatedly by Hurricanes Grapple With Whether to Rebuild

Carrier Management

Florida Communities Hit Repeatedly by Hurricanes Grapple With Whether to Rebuild It was just a month ago that Brooke Hiers left the state-issued emergency trailer where her family had lived since Hurricane Idalia slammed into her Gulf Coast fishing v...

Posted: Oct 04, 2024

Auto Insurers Face Rising Repair Costs, EV and Tech Complexity in 2025: Report

Carrier Management

Auto Insurers Face Rising Repair Costs, EV and Tech Complexity in 2025: R...

Posted: Oct 04, 2024

Optio to Acquire Luxembourg-Based Film and Events MGA, Circles Group

Insurance Journal

Optio Group, the London-based specialty managing general agent, announced it has acquired the Luxembourg-based MGA, Circles Group for an undisclosed sum, subject to regulatory approval. The acquisition of Circles, Optio’s largest in Europe to d...

Posted: Oct 04, 2024