Markets

The use of technology continues to revolutionize most industries, with improvements in artificial intelligence (AI) having a direct impact on the trucking industry.

Cancer Advocate Plus is a first-of-its-kind cancer-specific, genetics-based insurance program providing tools and resources to proactively understand the risk of cancer and manage a cancer diagnosis.

While underwriting losses have plagued the commercial auto insurance market for over a decade, the market is projected to continue to grow.

The coverage offers business income, reward money for information leading to the capture of the perpetrator, a public relations consultant and a crisis manager.

With soaring inflation in the last year, middle-class clients could be looking to cut expenses wherever possible. This means life insurance is under scrutiny.

“There’s been over five consecutive years of underwriting losses in the aviation insurance market,” says independent agent Tim Bonnell Jr. “Premiums have been increasing and underwriting has been stricter.”

In an evolving marketplace and increasingly litigious environment, educating A&E clients about purchasing professional liability coverage is particularly important.

While professional liability limits for many architecture & engineering firms have remained consistent, a changing landscape and severity of court verdicts is causing some carriers to reevaluate their appetite.

With positive financial results in the workers comp market, agents can expect clients to consider the cost of their coverage and whether they can save money by switching providers in a competitive market.

Carriers and agents are playing a key role in the increased use of technology to manage workplace safety risks.