Brandon Okita, vice president of FIA Insurance Services and Big “I” Diversity Council chair, sits down with Kelly McDonald, one of the nation’s top experts in diversity, equity and inclusion (DE&I), to answer questions submitted by Big “I” members.
The reality is that an increasing number of consumers choose to deal with digitally innovative companies in the insurance sector.
Market pressures, such as inflation, an aging workforce, falling freight rates and an evolving, dynamic marketplace, are impacting the cost and availability of trucking insurance.
Many cannabis businesses deal entirely in cash, which makes it hard to operate while under significant risk from theft.
By: Volume: 120, Issue: 4
Independent insurance agents and brokers dominate the commercial property & casualty market—an 88% market share, according to the 2022 Big “I” Market Share Report—which makes the employee benefits space a new frontier for many agencies.
Critical illness insurance can help agents smooth revenue lost from long-term care insurance sales and help to meet the challenges of today’s aging population.
Private equity (PE) buyers are responsible for 77% of the publicly reported acquisitions in the independent agency system. However, there are some prevalent misperceptions about PE buyers.
Inadequate limits are an all-too-common claim in independent insurance agency E&O. And with inflation today outstripping even the inflation guards inserted on some policies, these claims are becoming more frequent.
As large language models continue to be finessed, the insurance industry has a lot to gain from utilizing artificial intelligence programs like ChatGPT.
