As we advance into the second half of 2022, we continue to see the ripple effects of economic instability wrought by the pandemic. Although we’ve been seeing indications of a hardening market for some time now, the state of the insurance industry shows no signs of shifting directions and continues to tighten from a risk perspective.

Price-focused direct carriers don’t talk about coverage because they want consumers to believe all policies are the same and that the only differentiator is price. They want consumers to believe that cheap insurance is good insurance. Let’s be clear: Saving money is great! No one wants to pay more than necessary. But saving a few bucks today isn’t a good deal when it comes at the expense of proper protection and an unpleasant surprise after there’s a claim.

According to the National Interagency Coordination Center (NICC), 58,950 wildfires burned 10.1 million acres in the U.S. in 2020 — the second most acreage in a year since 1960; 17,904 structures were destroyed. Wildfires are mainly unplanned and unwanted but there are ways to prepare. We offer some safeguards that you can share with your clients.

Millennials have been blamed, fairly or not, for dismantling many of society’s sacred cows over the years. Even major institutions aren’t immune (think of this age group’s changing views on homeownership and marriage). But what’s the Millennial take on collector cars? Here are a few takeaways to keep in mind when forging relationships with this younger generation of collector car buyers.

As I sat down to write this article, the MLB lockout was still going strong, much to the chagrin of baseball fans across the country. However, that didn’t stop me from relying on a baseball idiom to share with you why you need to write excess and surplus lines at your agency. That idiom? Being a pinch hitter. 

Agents have often shied away from getting involved in transactional surety bonds due to the difficult and time intensive nature of the process. But Express Market’s new partner, Propeller Inc., strives to remove those barriers for agents, and be a game changer in the industry, with their automated surety bond platform launched last year.

Key Questions to Ask: From Safeco Insurance

2020 was an unprecedented year, requiring all of us, businesses included, to adapt to ever-changing reg

You turn to your direct appointment carriers for standard personal and commercial lines risks. But if standard risks are the only business you write, you’re leaving a lot of opportunity on the table. By expanding your offerings to include E&S and Specialty business, you can eliminate your competition and make more money. Here’s why using Express Markets™ to access these E&S carriers and wholesalers could make 2021 your year.

From Dovetail Insurance

The insurance industry has not historically been technologically innovative.