Markets

Favorable loss ratios and an unprecedented decline in initial public offering (IPO) activity led to the softening of the directors & officers market, but signs point to impending changes.

ConvergeElements™ is a new cyber insurance product that provides small and midsize businesses with clear and confident cyber solutions.

The program includes auto, general liability, umbrella, property, crime, inland marine, equipment breakdown, professional liability, workers comp and conversion coverage.

One of the lasting legacies of the pandemic is an increase in remote workers, which has left an imprint on the employment practices liability insurance market.

Wildfire Defense Syndicate 1996 provides excess & surplus lines property insurance in California for wildfire-exposed commercial risks.

Cyber liability insurance is only becoming more necessary for commercial clients, but if they don’t have the right risk mitigation practices in place, they may have difficulty finding coverage.

“Cyberattacks are only going to continue to increase,” says independent agent Evan Bundschuh. “In response, you’re going to see more and more vendors and business partners requiring cyber insurance.”

While the cyber market is not considered to be contributing to the hard market, indicators point to its potential for volatility.

Coalition’s Executive Risks Insurance Designed for Not-for-Profits offers coverage including directors & officers, employment practices liability insurance, fiduciary liability and crime insurance.

For independent agents, selling life insurance has traditionally involved more effort than other lines of business, but today the life insurance market is ripe with opportunity.