Big I Alliance

Couple the unique risk exposures of public entities with continued economic challenges such as inflation and labor shortages, and “Groundhog Day” may be set to continue.

Over the past 20 years, the number of individual specialty crops insured under crop insurance programs increased by 27%, and in October 2023 the USDA announced expanded coverage options for specialty-crop and organic producers.

“The current hard market conditions have been the most challenging hurdles to navigate in over 20 years,” says independent agent Jeff Johnson. “There are so many factors playing into this hard market, which make placing business more difficult than ever b

The agency errors & omissions environment has become more complicated, and the result has led to several implications for independent agencies.

Agency errors & omissions coverage has been impacted by the hard market, with premiums increasing over the past few years, and difficulty in replacing waves of retirees with younger workers.

Agents are in a strong position to work with carriers to provide coverage and can be most effective when they specialize and comprehend all aspects of the event their client is seeking coverage for.

Special events insurance coverage for small events has returned to normal after the COVID-19 pandemic—but for certain larger events, the way things used to be is no longer achievable.

Central to building a long-lasting relationship with personal auto clients is communicating what is happening in the marketplace and discussing what’s coming down the pike.

The new liability policy form includes built-in subpoena coverage and pre-claim assistance, as well as an enhanced ERISA exclusion.

Rising premiums are impacting personal auto clients, who are searching for ways to curb their expenses—including driving without coverage.