Midsize companies are often targets due to having lower budgets for cybersecurity than their larger counterparts. This, coupled with fewer and outdated IT resources, makes the likelihood of a cyber attack higher.
“The real estate insurance market is going through significant changes,” says independent agent Stephen Turnbull. “Rising construction costs and inflation have made it more expensive to rebuild properties, leading to higher replacement cost values and increased premiums.”
As catastrophes, social inflation and other challenges force admitted carriers to become more risk-adverse, the excess & surplus market is anticipated to grow.
The Micro-Businessowners Coverage Form—also known as the Micro-BOP—may be a good and inexpensive answer for your smaller entrepreneurs without commercial property exposures.
With the changing landscape in the personal lines market due to the hard market, personal lines agents may be thinking about diversifying their revenue.
Fribourg’s experience working in a cybersecurity distributor startup firm led him to partner with former coworkers and create BlueZone Cyber Solutions, combining expertise in both insurance and cybersecurity.
After a tumultuous few years, top industry analysts have weighed in with their predictions on what’s in store for the insurance industry in 2025.
As we head into a new year, there’s no better time to equip producers with foundational insurance industry knowledge and concepts.
No independent agency is an island. Here’s how AI-driven cybercrime and digital outages are prompting carriers to tighten agency agreements with robust cybersecurity mandates.
Regular attention must be paid to keeping underlying coverages in place without any gaps, offering higher umbrella limits and recommending uninsured motorist/underinsured motorist coverage.
