Specialty

As states expand legalization, the demand for cannabis is growing, creating both opportunities and challenges for independent agents to enter the market.

Vantage Risk has extended its contractors pollution liability and professional liability offerings to environmental contractors and consultants.

Independent agents can make sure their public entity clients understand their risks and have the insurance protection they need at a price they can afford.

Couple the unique risk exposures of public entities with continued economic challenges such as inflation and labor shortages, and “Groundhog Day” may be set to continue.

The product is a streamlined site pollution liability policy providing coverage enhancements that are relevant to middle market and Fortune 1,000 companies.

Agents are in a strong position to work with carriers to provide coverage and can be most effective when they specialize and comprehend all aspects of the event their client is seeking coverage for.

Special events insurance coverage for small events has returned to normal after the COVID-19 pandemic—but for certain larger events, the way things used to be is no longer achievable.

David Garcia, president of Rancho Mesa Insurance Services Inc. in San Diego, California, transitioned from a career in professional baseball to becoming the founder of a Best Practices agency with a unique approach to specialization.

Trends that are likely to grow or emerge for environmental or pollution insurance policies throughout the rest of 2023.

“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.”