Warren Buffett’s Berkshire Hathaway on Saturday joined a growing list of American companies to publicly change their approach to discussing their commitment to diversity and inclusion. Berkshire’s annual report includes a section describing how the conglomerate’s 189 operating businesses, which …
Berkshire Hathaway Removes Diversity and Inclusion From Annual Report Read More »
As consumer complaints have apparently mounted over unpaid hurricane losses, Florida’s top insurance regulator and some lawmakers are signaling new scrutiny on insurance carriers’ claims-handling and other practices. Florida Insurance Commissioner Michael Yaworsky late last week posted a memo, demanding …
Florida OIR Wants More Data, Warns Insurers about Concurrent Causation Denials Read More »
Santa Rosa. Paradise. Boulder County. Lahaina. Los Angeles. All are places that have shown that American cities and their water systems weren’t built to withstand wildfire, experts say. Related: California Wildfire Mitigation And Recovery Bill Package Introduced Hydrants trickled. Pumps …
How Better Water Systems Can Help a City Survive The Next Firestorm Read More »
A bill to allow the Washington’s insurance commissioner to order restitution for policyholders harmed by insurance companies moved out of the state Senate Business, Financial Services, and Trade Committee. Senate Bill 5331 gives the commissioner authority to require insurers to …
Washington Bill Would Provide Restitution for Policyholders Harmed by Insurers Read More »
This issue reveals data and compensation insights gathered from Insurance Journal’s annual Agency Salary Survey. For the third year in a row in the survey’s 16-year history, salary averages and total compensation averages (including additional compensation such as profit sharing, …
Why Soft Skills Matter Read More »
Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024—marking the second consecutive quarterly decrease after seven years of rising rates, according to the Global Insurance Market Index published by insurance …
Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh Read More »
The 22 acquirers that make up the Sica Fletcher Index were involved in 533 agent-broker deals in 2024, down 6% from 2023. Members completed 146 acquisitions during the fourth quarter of 2024. This was 11% less than a year ago. …
Sica Fletcher Index: Total Agency-Broker M&A Revenue Down 26% in 2024 Read More »
By Chad Hemenway The Travelers Cos. said fourth-quarter 2024 and full-year net income increased 28% and 67%, respectively, on strong underlying underwriting results. Travelers posted fourth-quarter net income of about $2.1 billion compared to about $1.6 billion during the last …
Travelers Posts 28% Increase in Q4 Net Income Read More »
Having a well-defined sales funnel is crucial for effectively attracting and converting potential clients. For insurance professionals, understanding and implementing a robust sales funnel strategy can significantly enhance client acquisition and retention efforts. A sales funnel is a systematic process …
Insider Secrets: Creating High-Converting Sales Funnels for Insurance Read More »
Understanding the strengths and weaknesses of your team is crucial–especially for insurance agency owners. Recognizing personal limitations allows leaders to strategically delegate tasks and fill talent gaps with the right employees, ultimately strengthening the entire organization. Specialization Is Key Humans …
Developing Leaders in Insurance Agencies Read More »
