Insurance Journal

OSHA: Waterproofing Contractor’s Safety Failures Led to Worker’s Crushing Death

A federal workplace safety investigation has found the operator of three Massachusetts waterproofing contracting companies could have prevented an employee from suffering fatal injuries in February 2024 when part of a foundation broke and fell on the...

Posted: Oct 21, 2024

The Future of Digital Insurance Operations with SelectsysTech’s Cloud-Based RQB Platform

This post is part of a series sponsored by Selectsys. The insurance industry is undergoing a digital transformation, with companies increasingly adopting cloud-based solutions to enhance their operations. Cloud technology offers unparalleled flexibil...

Posted: Oct 20, 2024

Navigating Social Inflation in a World of Complex Claims

As social inflation continues to exert pressure on the insurance industry, this is not only a financial issue, but one with far-reaching impacts on insurers, beneficiaries and society at large. Rising litigation costs, evolving societal expectations,...

Posted: Oct 20, 2024

Video Marketing Trends in the Insurance Industry: Engaging Audiences & Building Trust

The insurance industry, traditionally rooted in face-to-face interactions and extensive documentation, is undergoing a significant transformation with the rise of video marketing. As digital communication becomes the norm, retail insurance agents, wh...

Posted: Oct 20, 2024

Investing in Employees Is a Priority at Deland, Gibson

By Allen Laman As Deland, Gibson Insurance Associates Inc. (DG) approaches its 125-year anniversary, the Massachusetts-based independent agency is expanding its footprint and revenue. DG is also continuing its tradition of treating employees right. F...

Posted: Oct 20, 2024

Why Tech Matters in M&A

Yeah, so in terms of technology and AI specifically, Technology and AI innovation makes an impact when it comes to merger and acquisition decision, according to Brooke DeWyze, chief development officer for PCF Insurance Services. DeWyze, who spends h...

Posted: Oct 20, 2024

Employee Development, Community Are Key at G&G

By Allen Laman G&G Independent Insurance has cracked the code. For the fifth straight year, G&G has been named a finalist in Insurance Journal’s Best Agencies to Work For competition. Five straight years of praise coming from inside the...

Posted: Oct 20, 2024

Update: What’s Going on With Condos?

The condominium building is an interesting form of owning property where an individual owns their unit, what is sometimes referred to as a box of air, and at the same time, becomes a part of the condominium ownership association, which …

Posted: Oct 20, 2024

‘Employees Are the Heart of This Company’ at Ansay and Associates

By Jahna Jacobson For over 75 years, Ansay and Associates has invested in its future by investing in its people. “As a family owned and independent agency, we have the freedom to focus on long-term success rather than short-term gains,” &...

Posted: Oct 20, 2024

At Energy, ‘You Are Not Just a Number’

By William Rabb The president of Energy Insurance Agency, an operation with a large presence in Kentucky, said it is “incredibly humbling” for the agency to again be named one of Insurance Journal’s Best Agencies to Work For in the...

Posted: Oct 20, 2024

Biggest Agency Needs

There are three things that Tony Martinez, chief information officer, at Unison Risk Advisors sees as the biggest needs in agency technology today overall. Some of these are outwardly facing and some are more operation and internal in nature. “...

Posted: Oct 20, 2024

3 Emerging Risks: Microplastics, 3D Printing and Heat Pumps

We often take for granted the resources and materials that help us run our businesses and build our homes. Steel, cement, plastic — building blocks such as these have afforded us the flexibility to grow our communities, create new products, &#8...

Posted: Oct 20, 2024

Agents More ‘Satisfied’ with Commercial Insurers

Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power study, with commercial lines satisfaction reaching an all-time high. According...

Posted: Oct 20, 2024

Might the Realtor Ruling Affect Insurance Distribution?

The fairly recent ruling on how realtors are paid seems likely to dramatically alter real estate sales. I’m not in that business so I don’t know all the ins and outs, both the obvious and the not so obvious, unintentional …

Posted: Oct 20, 2024

Supreme Court to Decide if White, Straight Workers Face Higher Bar in Bias Lawsuits

By Daniel Wiessner The U.S. Supreme Court agreed in early October to decide whether it should be more difficult for workers from “majority backgrounds,” such as white or heterosexual people, to prove workplace discrimination claims. The j...

Posted: Oct 20, 2024

Commoditization and Storytelling

Last year, I addressed the issue of insurance policy commoditization in the context of industry advertising in at least four of my monthly columns. Over the years, I’ve blogged about it several times. Recently, I’ve posted about it on my...

Posted: Oct 20, 2024

Equipment Breakdown Tops Small Restaurant Claims List

By Allen Laman With restaurant sales projected to top $1 trillion and reach record-breaking heights this year, a California-based insurance technology company versed in the space recently analyzed data from more than 30,000 small business restaurant...

Posted: Oct 20, 2024

Why Homeowners Insurers Are Unprofitable and What to Do About It: Aon

A new report from insurance broker Aon reveals that the prospective return on equity (ROE) for diversified homeowners insurance carriers decreased by 100 basis points to 5.0% from last year’s ROE, despite carriers receiving significant rate inc...

Posted: Oct 20, 2024

CMR Leaders Show and Get Employee Appreciation

By Don Jergler It’s often easy to put a finger on exactly why someone likes their job, and if there’s more than one thing to like, that says something good about the workplace. But what does it say if there …

Posted: Oct 20, 2024

Making Friends with the Future: Agency Tech Moving at a Faster Pace than Ever Before

By Andrea Wells That used to be one of my biggest beefs as an agency owner — I have all of these pieces of tech and none of them talked to each other,” Vonda Copeland, co-owner and vice president of …

Posted: Oct 20, 2024

In the Dark: Telling the Truth About Flooding Requires Accurate Maps and Strong Disclosure Laws

Hundreds of thousands of Americans already live in homes that have repeatedly flooded. To get a good handle on the extent of those losses, check out the Federal Emergency Management Agency’s web page that hosts an extensive dataset with informa...

Posted: Oct 20, 2024

Arkansas Insurance Hall of Fame Honors 5 Inductees

The Arkansas Insurance Hall of Fame honored five inductees and awarded seven scholarships to insurance students at its annual banquet in Conway on Oct. 17. The banquet was held on the campus of the University of Central Arkansas. The 2024 …

Posted: Oct 18, 2024

Farm Labor Contractor to Pay Damages Over Pregnancy Discrimination Charge

Family Fresh Harvesting, LLC, a farm labor contractor which provides temporary H-2A visas to agricultural workers at nurseries in Michigan and farms in Georgia, entered into a conciliation agreement with the U.S. Equal Employment Opportunity Commissi...

Posted: Oct 18, 2024

Family of Black Man Killed by Ohio Police Agree to Settlement

AKRON, Ohio (AP) — A family is settling a wrongful death lawsuit against Ohio police who fired 94 bullets at a Black man during a chase two years ago. Jayland Walker’s family and the city of Akron reached an agreement …

Posted: Oct 18, 2024

Texas AG Sues Dallas Pediatrician Over Providing Hormone Treatment to Teens

Texas Attorney General Ken Paxton has filed a lawsuit against a Dallas pediatrician, accusing her of violating state law by providing gender-transitioning treatments to at least 21 teenage patients. Thursday’s filing is Paxton’s first att...

Posted: Oct 18, 2024