After a particularly devastating set of blows for an insurance market that hasn’t turned a profit in over a decade, your average aviation insured should brace for a 10-30% rate increase this year.
Independent agent Thomas Coughlin cautions that trends like increasing air commerce and drone usage could pose challenges for the aviation insurance market in the years ahead.
Do you have ambitious goals for your agency? Or have you reached a level of success where you’re content?
Becoming a niche seller takes commitment and a plan, but the rewards can be immense.
Between large-scale vessel losses, back-to-back years of heavy catastrophes and an overabundance of capacity, the commercial marine insurance market has had a tough couple of years.
The policy is triggered after an earthquake of magnitude 4.0 or higher that causes a business to close for any reason—even if no property damage occurs.
Berkley Professional Liability, a Berkley Company, now offers a comprehensive primary private company management liability policy designed to address the growing exposures today’s private companies face.
An agent’s commercial client plans to hire an intern who is not affiliated with a university. The intern will not be paid and will be at the office shadowing an employee for a few hours a week.
For personal lines agents, the growing influence of the Internet of Things will have a significant impact on day-to-day operations.
It’s one thing to create an agency marketing budget in the first place—it’s another thing entirely to execute it.
