Industry Trends

On July 1, Nationwide made history by completing its transition to operate as a fully independent agency carrier.

With high levels of community involvement even before the coronavirus pandemic, many independent insurance agents are the first to meet their community’s needs caused by a crisis.

More carriers and Big “I” partners responded to support their policyholders and communities.

The New York State Department of Financial Services recently issued an emergency regulation that—unless modified—will likely require action by every insurance agent holding a resident or nonresident license in that state.

In response to the coronavirus pandemic and the challenges presented to insureds, Travelers, Liberty Mutual and Progressive have announced measures designed to help those hit hardest by economic uncertainty.

The model proposes a broad range of new obligations for insurance agents and includes a handful of provisions that are particularly concerning. Big “I” members and state associations are urged to monitor any developments closely and weigh in as necessary.

Fourth-quarter 2019 results are in and personal insurance buyers were assessed an average of 3.5% more in 2019 compared to 2018.

Encova Mutual Insurance Group—the new brand of Motorists and BrickStreet—launched last month. IA talked with Encova CEO Dave Kaufman to learn more about what the carrier’s expanded product lines mean for agents and customers.

A driver crashes his vehicle into an insured’s home. The driver’s auto insurer informs the homeowner and their agent that they will pay the claim for the damage to the home on an actual cash value basis, then advises the homeowner to submit the claim to t

The College Agency Management Competition featured eight teams of insurance and risk management studies students from eight U.S. colleges and universities.