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Coverage written on a claims-made basis require key employees to report any incidences that qualify as or may lead to a claim.

“Organizations are increasingly willing to capture the data and hold leaders accountable for making real change,” says Beth Riczko, president, property-casualty personal lines, Nationwide. “Data—and the discussion and action it engenders—is the light that

In a world where the top five global risks identified by the 2020 World Economic Forum are environment-related, increased exposures and liabilities are setting the market up for a complete evolution.

The carrier says that a totaled food truck, which is two years old and has driven 22,000 miles, has depreciated over 30%. It bases the price on a “market survey.” Can the insured dispute the appraisal based on actual physical depreciation?

COVID-19 hit the special events market hard, yet there is a sense of optimism for when things return to normal. Here are three tips for agents to help clients get ready for when the lights come back on.

The life settlement industry has come a long way over the last few decades. Adding life settlements to the list of options allows agents to offer a broader range of services to clients.

“Don’t just provide hotel owners a quote on insurance. They aren’t risk experts,” says independent agent Mike Barnum. “Help them identify their largest exposures and what can be done to minimize them outside of insurance.”

When considering the two elements of the special events insurance market—property-casualty and contingency—there’s been a real variance in how the market has been impacted.

“I’m seeing more and more women out there [in the insurance industry], just in our own little city alone,” says Sarah Black, co-owner of her independent agency with daughter Jessica Black. “When I first came here over 20 years ago, this was a man’s job. A

Independent agent data ownership is a settled matter. However, in today’s environment, it is important to review your contract language.