Insurance Journal

Leveraging Memberships to Boost Business, Improve Community

As a young professional I was very interested in becoming active in my community. Of course, I knew that this would help my business career but I also had the philosophy, from an early age, that we all stand on …

Posted: Oct 15, 2023

Rising Claims Costs Limit US P/C Profitability in 2023: Swiss Re

While the profitability outlook for the U.S. P/C industry this year is mixed, Swiss Re predicts a stronger year in 2024, as premium increases and interest rates improve industry results. According to the U.S. Property & Casualty Outlook report, t...

Posted: Oct 15, 2023

The Connectivity Challenge and the Future of Insurance Agents

By Andrea Wells Connecting the insurance ecosystem through the power of technology could answer the decades-old problem of duplicate entry for agents. Agents still must navigate through multiple carrier portals to complete a single quote, despite the...

Posted: Oct 15, 2023

Powers Insurance & Risk Management: Building A Family-Driven Culture of Success

By Ezra Amacher As a multi-year winner of Insurance Journal’s Best Agency to Work For award, J.D. Powers of Powers Insurance & Risk Management doesn’t lose sight of what the honor represents to the St. Louis, Missouri-based company. &...

Posted: Oct 15, 2023

Insurance Technology Is a Driver for Change

The insurance industry is truly a nexus for innovation. Particularly through the use of technology, it is inspiring to dive into the many ways insurance professionals across the country and the world create real-time solutions for clients and build u...

Posted: Oct 15, 2023

Multifamily in Peril: The Perfect Storm

The multifamily and rental property industries have faced quite an upheaval over the past few years, the impacts of which are certainly being felt by landlords and property managers. More than one national multifamily publication has stated policyhol...

Posted: Oct 15, 2023

Mahoney Group Fights Inflation, Boosts Employee Happiness Other Ways Too

By Don Jergler A happy workplace isn’t all about money, but it’s no secret that pay goes a long way to make for gratified employees. “Salary competitiveness has been the #1 priority,” reads a comment from an employee at The &#...

Posted: Oct 15, 2023

Uber Allowed to Arbitrate New Jersey Accident Claims

A notice in Uber’s digital registration process requiring ride-share customers to take any individual claims to arbitration is enforceable, a New Jersey appeals court has ruled in a case involving passengers injured in an auto accident. Three p...

Posted: Oct 15, 2023

New York to Require Flood Disclosures in Home Sales

New York Gov. Kathy Hochul signed a bill requiring people selling their homes to disclose whether their properties have been flooded or are at risk for future flooding. The new law comes as inland areas in the state have become …

Posted: Oct 15, 2023

Financial Stress

Employee stress is on the rise as families and workers navigate higher prices, uneven wage growth and record credit card debt. According to PwC’s 2023 Employee Financial Wellness Survey, 60% of full-time employees surveyed say that finances are...

Posted: Oct 15, 2023

Property Rates and Reality Checks

Property insurance carrier after property insurance carrier is exclaiming that they need 20% here and 15% there and 18% over there. Rates in many parts of the country are already bordering on unaffordable, however. Agents in the field are concerned &...

Posted: Oct 15, 2023

Homeowners Face Rising Insurance Rates as Climate Change Makes Wildfires, Storms More Common

By Ken Sweet A growing number of Americans are finding it difficult to afford insurance on their homes, a problem only expected to worsen because insurers and lawmakers have underestimated the impact of climate change, a new report says. A …

Posted: Oct 15, 2023

Cultivating Virtual Management Skills for the Hybrid World

The majority of the insurance workforce is now hybrid – if not fully remote – with just 4% of companies requiring employees to come into the office every day. Today’s managers must be able to engage and motivate their employees …

Posted: Oct 15, 2023

Growing the Business Is a Team Effort at Ellis Insurance Agency

By William Rabb When Insurance Journal called Danielle Ellis, principal at Ellis Insurance Agency in Charleston, West Virginia, with the news that the agency had been named one of the Best Agencies to Work For in the Southeast, an office …

Posted: Oct 15, 2023

Freedom Insurance and Risk Management Joins VIAA

Freedom Insurance and Risk Management recently joined Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois. Founded in 2023, Freedom Insurance and Risk Management was crea...

Posted: Oct 13, 2023

First MainStreet Expands Into Minnesota

First MainStreet Insurance L.C. (FMSI) announced it has expanded into the state of Minnesota through a new partnership with United Prairie Insurance (UPI). United Prairie Insurance, previously a bank owned agency, has roots throughout rural Minnesota...

Posted: Oct 13, 2023

Texas Supreme Court Hears Arguments on Attorney Fee Awards When Appraisal Awards Are Paid

Insurance defense attorneys last week urged the Texas Supreme Court to uphold the “plain language” of a law passed in 2017 that they say precludes recovery of attorney fees in cases where the insurer pays the full amount of an …

Posted: Oct 13, 2023

People Moves: Alliant Names Patzke VP, Alliant Americas Division

Alliant Names Patzke Vice President, Alliant Americas Division Alliant Insurance Services, headquartered in Irvine, Calif., hired Chad Patzke as vice president within its Alliant Americas division. Patzke is based in Oklahoma City, Okla., and will se...

Posted: Oct 13, 2023

Boardroom Clashes Most Likely Over Return-to-Office Policies

Nearly three out of four organizations said return-to-office policies could prompt boardroom battles, according to a new survey of US workplace leaders, showing how senior management doesn’t always see eye to eye on the issue. RTO mandates were...

Posted: Oct 13, 2023

Mercenary Hackers Stole Data Exxon Cited in Climate Lawsuits: US Prosecutors

U.S. prosecutors say an Israeli private investigator used hackers to steal emails from climate activists who were campaigning against American energy giant Exxon Mobil Corp. In a sentencing memo filed on Thursday, U.S. Attorney Damian Williams, for t...

Posted: Oct 13, 2023

Oregon Seeks $27M for Dam Repair from Contractors, District

Oregon officials are seeking more than $27 million in damages over dam repairs they say killed more than half a million Pacific lamprey fish in what they`ve described as one of the largest damages claims for illegal killing of wildlife …

Posted: Oct 13, 2023

American Family Insurance Confirms Staff Reductions

American Family has confirmed recent reports of layoffs, saying that it is “working to increase efficiency and manage costs” across its five insurance companies. The insurer did not provide specifics regarding the amount of employees, pos...

Posted: Oct 13, 2023

Florida Supreme Court Declines to Rehear Med Mal Case that Changed Rule on Experts

The Florida Supreme Court on Thursday declined to rehear a medical malpractice case that has made it easier for insurers and health care providers to challenge a plaintiff’s expert. In University of Florida Board of Trustees vs. Laurie Carmody,...

Posted: Oct 13, 2023

Flooded Clinics, Embryo Mix-ups: The Risk Management of In-vitro Fertilization

(Bloomberg) — In March, a 39-year-old woman and her husband sat in a fertility clinic near Atlanta, and waited. The woman was there to have an embryo implanted in her uterus, the final stage of a grueling in vitro fertilization …

Posted: Oct 13, 2023

Flooded Clinics, Embryo Mix-ups: Risk Management of Fertility at Famed Georgia Firm

(Bloomberg) — In March, a 39-year-old woman and her husband sat in a fertility clinic near Atlanta, and waited. The woman was there to have an embryo implanted in her uterus, the final stage of a grueling in vitro fertilization …

Posted: Oct 13, 2023