News

More than half of all 2023 cyber insurance claims were a result of funds transfer fraud (FTF) or business email compromise (BEC), according to a Coalition report.

The Big “I” government affairs team released a video explaining the rule, its effect on independent agents and the current state of play.

Independent Agent covered emerging trends and their impact, including the ban of noncompete agreements from the Federal Trade Commission (FTC) and the increasing importance of uninsured or underinsured motorist umbrella coverage.

The increase in auto insurance shopping is prompted by soaring auto insurance costs, with a 22.2% year-over-year increase in the average cost of auto insurance through the end of February.

There were 155 announced insurance agency mergers & acquisitions in the first quarter of 2024, down 18% from the same period in 2023.

The Department of Labor (DOL) announced a final rule that will subject the financial services industry to new requirements designed to protect retirement investors from receiving bad or self-interested investment advice.

Independent insurance agents have an opportunity to proactively help customers consider the value of a workers compensation policy beyond price—before they learn the hard way.

Independent insurance agents who are considering the impact of the new regulation on their agencies and firms should consider some of the rule’s key elements and certain revisions that were incorporated in the final text.

The legislation would establish national standards for data privacy and security, requiring certain entities to be transparent about how they use data and give consumers the right to access, correct, delete and export their data.

The latest driving behavior survey from Nationwide revealed that both personal auto and commercial drivers partake in risky behaviors that impact all drivers on the road.