News

Forty-four percent of employees around the world reported experiencing stress during “a lot” of the day, according to the Gallup report.

The second quarter of 2022 saw personal lines rate increases stabilize at 5.16%. Commercial rates also stabilized at a composite increase rate of 5.91%.

Earlier this week, Ivans, a division of Applied Systems®, announced that Nationwide has joined the Ivans Distribution Platform. Additionally, Vertafore® announced its acquisition of MGA Systems.

Nationally, nearly 7.8 million single and multifamily homes with more than $2.3 trillion in combined reconstruction cost value are at risk of storm surge, according to CoreLogic.

The Independent Insurance Agents and Brokers of America issued the following statement regarding the controversial sign posted by the Harry E. Reed Agency in Millinocket, Maine, on Juneteenth.

If enacted, the “American Data Privacy and Protection Act (ADPPA)” would create a national standard on what kinds of data companies can gather from individuals and how they use it.

Today, the U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, “Reauthorization of the National Flood Insurance Program: Administration Perspectives.”

The document notes paying different compensation to agents and brokers for coverage in the same benefit year based on whether the enrollment is completed during a special enrollment period or open enrollment period is prohibited.

In its written testimony, the Big “I” underscored the importance of finally enacting a long-term reauthorization of the National Flood Insurance Program (NFIP).

David Long has worked for the Boston-based insurer for 37 years, becoming president in 2010, CEO in 2011 and chairman in 2013. He will retire at the end of the year.