News

Restaurants continue to experience significant challenges from increasing payroll costs, inflation and claims, according to a report from NEXT Insurance.

The disaster highlights just how alarmingly low flood insurance coverage is among Americans, particularly in areas that are farther from the coast.

As the climate changes, independent agents play a major role in educating their clients on the need to purchase flood insurance, as well as providing advice to them on the steps to take to protect their property.

Client communications was a significant focus in September, from texting and finding high-quality referrals to communicating coverage gaps. Meanwhile, mergers & acquisitions continue to take the headlines.

The transaction is expected to close by the end of 2024 and will enhance Marsh McLennan Agency’s operations across commercial property & casualty insurance, employee benefits, management liability and personal lines.

Congress passed legislation to fund the federal government and extend the National Flood Insurance Program (NFIP) through Dec. 20.

The bill will improve forest management, reduce wildfire risk and protect critical infrastructure through federal, state, tribal and local collaboration.

The study looks at the independent agency ecosystem as it gains distance from the pandemic and navigates the obstacles presented by the hard market.

A record 6.8% of all home insurance customers are actively shopping for new policies in 2024, yet only 2.2% of homeowners switched policies as a result.

The Big “I” installed Indiana’s Todd Jackson, owner and partner at McGowan Insurance Group in Indianapolis, as the 2024-2025 Big “I” chairman.