Insurance Journal
Excellent Good Fair Poor Customer service 19.3% 59.6% 19.7% 1.4% Public image 17.8% 29.6% 33.3% 19.3% Treatment of employees 20.6% 50.9% 27.1% 1.4% Professionalism 24.9% 62.4% 10.3% 2.4% Ethics 26.4% 43.4% 25.9% 4.3% Career attractiveness to young pr...
Posted: Apr 20, 2025
Fraud has long plagued the insurance industry, particularly in sectors like New York construction and habitational real estate. From staged trips and falls to fraudulent claims orchestrated by networks of bad actors–including lawyers, doctors,...
Posted: Apr 20, 2025
By Andrea Wells What’s so great about being a young independent agent today? Freedom, quality of life, opportunities to grow, challenges and the ability to solve them, the people and relationships built, the compensation, and, of course, the sa...
Posted: Apr 20, 2025
PART TWO OF A TWO-PART SERIES In this second article in a two-part series, Journalist Russ Banham endeavors to better understand the factors behind the devastating fires in Los Angeles County and the roles that public officials, fire suppression pers...
Posted: Apr 20, 2025
By Elizabeth Blosfield Artificial intelligence technology has continued to evolve, and it’s affecting many areas of insurance from claims to underwriting to customer service, according to panelists at the 2025 PLUS D&O Symposium in New York...
Posted: Apr 20, 2025
There’s no better time to excel and grow in the insurance world, some say. The talent gap has opened new doors for accelerated advancement for the driven and focused young professional. This issue of Insurance Journal features exclusive results...
Posted: Apr 20, 2025
1. Rollercoaster of emotions related to sales. 2. I am always on call, which makes it difficult to fully detach from work. 3. The perception of being an “insurance agent” can be a negative one, even for a great agent. …
Posted: Apr 20, 2025
Cyber risk analytics firm CyberCube in a report said the cyber insurance market continues to underserve small businesses although these businesses represent a significant share of the global economic output. “This protection gap presents both a...
Posted: Apr 20, 2025
Excellent Good Fair Poor Outlook for the future of my agency 34.8% 53.3% 10.9% 1.1% Access to quality markets 38.5% 47.3% 13.2% 1.1% Relationships with carriers 35.9% 51.1% 12.0% 1.1% Agency’s culture 32.6% 51.1% 13.0% 3.3% Use of technology 20...
Posted: Apr 20, 2025
A multiday severe weather outbreak in the central U.S. caused an estimated $80 billion to $90 billion in total damage and economic loss, according to a preliminary estimate from AccuWeather. From April 2 to April 6, a rare weather system …
Posted: Apr 20, 2025
By Kalea Hall and Nora Eckert U.S. and Canada auto sales could decline by 1.8 million vehicles this year and be stagnant over the next decade if the global trade war escalates, a Detroit-area automotive advisory firm forecasts. If the …
Posted: Apr 20, 2025
According to a new report from the Insurance Research Council, auto insurance is more affordable now than at the start of the 21st century. The IRC, an affiliate of The Institutes, concluded that the average expenditure for auto insurance–as a...
Posted: Apr 20, 2025
By Chad Hemenway Buyers of directors and officers (D&O) liability insurance have benefited from strong capacity and healthy competition among insurers to see consistent rate decreases at renewal over the last several years. Those days may be comi...
Posted: Apr 20, 2025
Wouldn’t it be nice to know what the future holds? The insurance market, the economy, and consumer expectations are all shifting, making it hard to know where to focus. The Council of Insurance Agents & Brokers (CIAB) reports that fourth-qu...
Posted: Apr 20, 2025
“I conceive that the great part of the miseries of mankind are brought upon them by false estimates they made of the value of things.” — Benjamin Franklin It seems difficult to watch a daily newscast that doesn’t have a …...
Posted: Apr 20, 2025
By Allen Laman More than half of small business leaders believe artificial intelligence will play a “crucial role” in worker safety over the next five years, according to a new report from Pie Insurance. A survey of decision-makers from j...
Posted: Apr 20, 2025
By Andrew G. Simpson An employee who claimed he injured his knee while swinging a club during an employer-sponsored TopGolf event has failed to qualify for workers’ compensation benefits. The Virginia Workers’ Compensation Commission (VWC...
Posted: Apr 20, 2025
Uber Technologies Inc. is spending six figures on advertisements in New York in its latest appeal to lawmakers to address issues stemming from the insolvency of the city’s largest taxi insurer. The rideshare giant launched the campaign on Tuesd...
Posted: Apr 18, 2025
USI Insurance Services, one of the largest brokerages in the country, has filed suit against a former sales team leader and another powerhouse broker, Lockton, accusing them of poaching employees and harming client relationships. Elisia Hahnenberg, w...
Posted: Apr 18, 2025
A federal judge on Tuesday issued a preliminary injunction that prevents the U.S. Department of Labor from requiring government contractors and grant recipients to certify they do not operate any diversity, equity and inclusion programs that run afou...
Posted: Apr 18, 2025
FORT MYERS, Fla. (AP) — One of Florida’s biggest citrus growers plans to build a 3,000-acre (1,200 hectare) community in southwest Florida, just months after announcing it was abandoning its citrus-growing operations at the end of this yearR...
Posted: Apr 18, 2025
The New Hampshire Insurance Department (NHID) has issued a bulletin clarifying insurers’ obligations when using virtual claims adjustment systems to assess automobile damage. That guidance came in response to a growing number of insurers relyin...
Posted: Apr 18, 2025
1Fort, the AI platform for business insurance, announced it raised $7.5 million in an oversubscribed funding round led by Bonfire Ventures. The round also included Draper Associates (Tim Draper); Karim Atiyeh, the founder of Ramp; and participation f...
Posted: Apr 17, 2025
This post is part of a series sponsored by EZLynx. As an independent agent, chances are you’re always on the lookout for new ways to diversify your business and boost revenue. If you’ve spent years building a solid personal lines …
Posted: Apr 17, 2025
Specialty MGA Appoints 2 Senior Underwriters for Africa & Middle East Specialty MGA Africa & Middle East, part of MNK Group and a sister company of Specialty MGA UK, announced the appointment of two new senior underwriters as it strengthens &...
Posted: Apr 17, 2025