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
Over the past several years, independent agent Nick Pembroke watched the RV market perform well. “The economy has bounced back and people have felt like they have the money to invest in these kinds of things,” he says. “It’s kind of a bonanza for our agen
Flood insurance is vital to the New Jersey communities independent agent Jeffrey Wyrsch serves. But “ongoing changes to the NFIP, along with the emerging private flood marketplace, create new challenges on a regular basis,” he says.
Independent agent Shawn Myers finds that specializing in public entities is a great way to help his community. “There is no better way to serve our community than to help protect the infrastructure that serves us,” he says.
Independent agent Jack Adams believes the environmental insurance market represents “a tremendous opportunity for agents or brokers,” he says. “New policy sales are slowly increasing, coverage is still not widely understood and insureds are frequently una