As 2024 draws to a close, we are delighted to gather for the Insurance News Analysis year-end edition. 2024 set yet another heat record. And we are looking at a fifth consecutive year of more than $100 billion of insured losses from catastrophic events linked to climate change. We discuss how insurers are adjusting to this fundamental…
As 2024 draws to a close, it’s a good time to reflect on what the insurance industry achieved, what surprised us and how longer-term trends progressed. From an industry results perspective, 2024 was a strong year. Buoyed by rate increases and continued (but diminishing) interest rates, carriers saw global insurance premiums grow by 4.6% in…
For better or worse, cheap business insurance may be the first way business owners look to reduce or cut costs. Balancing costs with getting sufficient business insurance has long been a hurdle for small businesses. Every cent counts in today’s competitive business world, and insurance can sometimes feel like a hefty expense. But simply forgoing…
This post is part of a series sponsored by AgentSync. When you’re shopping for the technology solution that’s going to transform the way your insurance business handles producer lifecycle management, you might look at a lot of things: Total cost of ownership, speed and ease of implementation, the software’s user interface, how well it integrates…
With today’s housing market creating supply and affordability challenges, remodeling has become very popular. There are plenty of details to consider in the remodeling process. However, there is one detail that many people overlook: insurance implications. A typical homeowners policy covers the owner for covered losses incurred during the normal course of owning and living…
This post is part of a series sponsored by Darkhorse Insurance. Imagine juggling multiple clients and endless paperwork. You face constant pressure to meet deadlines while providing excellent service. This overwhelming scenario is all too familiar for independent insurance agents. Fortunately, the right insurance agent software can transform chaos into streamlined efficiency. They free up…
This post is part of a series sponsored by AgentSync. The Hidden Cost of Manual License Verifications Keeping insurance producers’ licenses and appointments compliant is a critical responsibility shared by nearly everyone in the insurance distribution channel. However, plenty of insurance carriers get bogged down each year by inefficiencies in the license and appointment renewal…
As the economic landscape fluctuates, so does the insurance industry. Currently, we find ourselves in what we call a “hard market.” This translates to increased premiums and stricter underwriting criteria across the insurance landscape, which can not only make it more difficult to get a policy but also result in increased prices at renewal. In…
NORTHBROOK, Ill., December 13, 2024 – Nick Dawkins, a three-time Academic All-Big Ten honoree and Penn State’s 2023 Public Service Award winner who founded the Dawkins Family Foundation to champion academic and athletic excellence for young students, is this year’s Allstate Wuerffel Trophy recipient and Allstate AFCA Good Works Team Captain. Dawkins started the Dawkins Family…
This post is part of a series sponsored by Darkhorse Insurance. When you start an insurance agency, it’s an exciting venture! But, it requires careful planning and strategy. Putting together a detailed insurance agency business plan is key to ensuring your success as an agent. Whether you’re just beginning or looking to refine your current…
