If you don’t have a family member lined up to take the reins of your agency, you need to start perpetuation planning yesterday. Here’s how to develop a succession plan that leaves relatives out of the picture.
Is the independent insurance system prepared to fill the perpetuation gap? Industry leaders debate the issue.
The assumption that “bigger is better” can lead to disaster if an agency’s acquisition focus is growth alone, with no attention to E&O risks.
Last year, roughly $10 billion of the $25 billion in U.S. economic losses went uninsured. How are property-casualty insurers preparing for future storms to avoid larger payouts after the fact?
According to a recent study, 24% of independent agencies are considering courting outside buyers. But to succeed with this perpetuation plan, you must understand what investors are looking for.
Millennials bring a new sense of connectivity to their professional pursuits thanks to the “always on” mentality of constant interaction with peers, associates, newsfeeds, blogs and information.
If you handle personally identifiable information or protected health information—and all independent agents do—you need to encrypt your emails.
Fleet of foot, John Yurconic Agency is endorsed by the Pennsylvania Podiatric Medical Association and claims the position of No. 1 provider of medical malpractice insurance to the state’s podiatric community.
Last year’s Outstanding Young Agent of the Year, Lisa Lemanski, never envisioned co-owning a small fourth-generation family agency with her husband Will, but “it’s where I belong,” she says.
More than 43 million Americans have student loan debt. For those who borrowed from private lenders, untimely death could mean serious trouble for co-signers and spouses—unless they have life insurance.
