Insurance Journal

Washington Asks Insurers to Expedite Approval Process for Debris Removal After Wildfires

Washington Insurance Commissioner Mike Kreidler sent a letter asking insurance companies and adjusters working with communities impacted by the Gray and Oregon Road fires to expedite the approval process for debris removal. Speeding up the process wi...

Posted: Oct 02, 2023

Should the Insurance Industry Care About SEO?

Search Engine Optimization (SEO) can feel like a moving target and is often misunderstood throughout the insurance industry. Many businesses do not fully understand the importance of SEO or how it works, which leads to an underestimation of its value...

Posted: Oct 01, 2023

2023 Best Independent Insurance Agencies to Work For

The votes are in for the 2023 Best Independent Insurance Agency to Work For survey by Insurance Journal. Employees in 2023 highlighted the importance of competitive salaries, employee benefits, training and education, resources, and other employee pe...

Posted: Oct 01, 2023

Beehive: They Come for the Employees, Stay for the Leaders

By Don Jergler When asked what they like about the business they work for, employees may mention the leadership or their fellow employees – but it’s not often both. However, it appears the employees at Beehive Insurance Agency in Salt …

Posted: Oct 01, 2023

New York Ups Workers’ Compensation Benefits; Targets Wage Theft

New York Gov. Kathy Hochul has signed three bills into law that affect workers, including one raising the minimum disability benefit under workers’ compensation, over three years. The workers’ comp legislation increases the minimum benefi...

Posted: Oct 01, 2023

What’s a Person Got to Do to Get a Drink in South Carolina? Bars, Eateries Closing for Lack of Affor...

Wanted in South Carolina: $1 million in liquor liability coverage at an affordable premium to prevent closure of establishment. That’s the type of advertisement one can imagine bars and bistros across the Palmetto State running this fall, as th...

Posted: Oct 01, 2023

NCG: Caring for Employees and Clients Alike

By Allen Laman The National Church Group Insurance Agency’s mission is to protect its clients’ missions. For nearly four decades, the Leesburg, Viginia-based organization has secured commercial property and casualty insurance for churches...

Posted: Oct 01, 2023

Work Hard, Play Hard

By Andrea Wells Mackoul Risk Associates with offices in both Morristown, New Jersey, and Long Beach, New York, lives and breathes the motto, “work hard and play hard.” As one employee wrote when nominating the agency for this year’s...

Posted: Oct 01, 2023

10 Basic Tenants for Successful Family Owned Agencies

The presence of family run businesses continues to play a major role in the U.S. economy. From rural mom and popyshops to international conglomerates, family businesses are at the foundation of our economy. Ford Motor Company, Walmart, Berkshire Hath...

Posted: Oct 01, 2023

Understanding the Impact of Recessions on Workers’ Compensation

Workers and employers in the U.S. have endured 17 recessions during NCCI’s 100 years of operation. Recessions produce far-reaching consequences on the economy, and the extent of those impacts depends on the severity, length and nature of the ec...

Posted: Oct 01, 2023

Solving Systemic Risk Is the Cyber Market’s Number One Priority

Cyber insurers can sometimes feel like systemic risk is unique to them. It isn’t. The COVID-19 pandemic was about as systemic as it gets. Business interruption (BI) insurers faced an avalanche of claims following the first lockdowns. And the in...

Posted: Oct 01, 2023

Unstable Homeowners

The U.S. homeowners insurance segment has been hit with three consecutive years of net underwriting losses as a result of above-average numbers of natural catastrophes, inflationary pressures and elevated reinsurance costs. These market headwinds hav...

Posted: Oct 01, 2023

The Bulow Group’s Mission: A Great Life For Employees and Their Families

By Jahna Jacobson The Bulow Group has the winning formula for happy employees. In recent years, the agency won bronze, silver and gold awards as the Best Agency to Work For from Insurance Journal, and in 2023, they add another …

Posted: Oct 01, 2023

Litigation Funding Firms Seek to Intervene in Disciplinary Proceedings Against MM&A

By Jim Sams Two litigation funding firms are seeking to intervene in disciplinary proceedings against McClenny Moseley & Associates after a federal judge in Louisiana ruled that the law firm has no right to any attorney fees for 201 hurricane-dam...

Posted: Oct 01, 2023

AXIS and Stone Point Credit Launch Monarch Point Re, Raising Over $400M of Capital

AXIS Capital Holdings Ltd., together with its direct and indirect subsidiaries and branches, announced that it has partnered with Stone Point Credit Adviser LLC to launch Monarch Point Re, a newly created collateralized reinsurer. The launch was acco...

Posted: Sep 29, 2023

Texas Comptroller: State Revenue Driven by Increasing Insurance Premiums

When Texas lawmakers meet next month for a special session on funding public education, they will have more money available to them to spend than they anticipated when they passed the state’s $321.3 billion budget earlier this year, Texas Compt...

Posted: Sep 29, 2023

Keystone Adds Oklahoma’s Ascent to Growing Agency Network

Keystone, the participant-owned insurance agency network, has added Ascent Insurance Group (formerly LBV Insurance) based in Edmond, Oklahoma to its growing network of agencies. Ascent is a boutique style commercial lines insurance brokerage speciali...

Posted: Sep 29, 2023