Independent agent Sally Fabre predicts that there will be more uninsured drivers on the road in the future. “Clients are already being overwhelmed by the rising price of rent, healthcare and food,” she says. “Car insurance is a huge moral and financial di
Independent agent Donny Chartier does not write any hotel/motel policies without employment practices liability insurance for two reasons: sexual harassment and age discrimination. “Right now, it’s the most important coverage a hotel owner can have,” he s
Independent agent Erin Schaaf writes homeowners insurance in coastal areas. “One of the biggest challenges we face is the introduction of wind/hail, named storm and hurricane deductibles,” she says. “They’re difficult for customers to understand, especial
Errors & omissions claims happen, and many of the worst ones—those in excess of $1 million—come from the same lines of business and involve similar types of errors.
Independent agent Priya Arora finds that many of her clients think they don’t need the added protection that a personal umbrella provides. “They don’t like to think about lawsuits, but they need to be educated about the risk,” she says.
In the liquor liability market, independent agent William Schaner’s biggest challenge is providing clients “with a level of coverage that will protect them without making them insurance poor,” he says.
As more organizations face more lawsuits, the price of directors & officers insurance “is going to increase at some point,” says independent agent Mish Ganssle. “However unfounded a claim might be, it must still be litigated, which takes time, and legal c
Independent agent Thomas Coughlin cautions that trends like increasing air commerce and drone usage could pose challenges for the aviation insurance market in the years ahead.
Pricier technology on boats, fewer younger buyers and stagnant rates lead independent agent and marine insurance specialist Brain DeSousa to believe that “the marine insurance marketplace is probably less profitable today than ever.”
Independent agent Morgan Duffy has a “very positive outlook” for the future of the classic car insurance market. “People always complain that the millennial generation doesn’t want anything to do with collector cars,” he says. “But when I go to the trade