News

The hearing highlighted the significant increase in wildfire risk over the last several years.

The study by J.D. Power shows that the increase in auto premiums is dragging down the overall satisfaction of policyholders and hurting retention rates of bundles.

The final rule redefines third-party marketing organizations to include individual agents and brokers, who will now be subject to new requirements.

Best Practices agencies hit all-time highs in organic growth and profitability, according to the study.

If you missed it, get up to speed on the new Big “I” chairman, panelists at the Young Agents Leadership Institute and the new Trusted Choice® mascot.

Longtime Big “I” government affairs head Charles Symington will succeed Rusbuldt.

Acuity Insurance, Westfield Insurance and CNA Insurance are the latest carriers to go live on Vertafore’s Commercial Submissions™ platform.

The hearing covered a wide range of issues, including private equity’s growing ownership of property-casualty and life insurers, climate risk, credit rating agencies, diversity and inclusion, and pandemic risk insurance.

Wildfire activity has become more extreme and destructive, with more record-breaking fire events in terms of the number of structures lost and acres burned in a single event.

Growth drivers in the MGA space included the strong rebound in the U.S. economy following the coronavirus pandemic and a continued broad-based rise in premium rates.