Although the house insurance industry in Florida has always been complex, recent issues are pushing it towards failure. Six property and casualty companies in Florida offering home insurance have shut down since 2017. In 2022, three more companies will be liquidated. "The current state of homeowners insurance in Florida is a crisis; we are facing ...
According to the Big “I” 2022 Market Share Report, 62% of all property-casualty insurance written in the U.S. is placed through independent agencies. NAIC market share data emphasizes the dominance of independent agencies in the commercial lines market by estimating that almost 88% of all commercial lines written premiums are placed by the independent agency ...
TLTR: Basics of Becoming an Insurance Adjuster This article delves into the essentials of pursuing a career as an insurance adjuster. It covers the responsibilities, types, and necessary skills required for this profession. Attractive Career Option A career in insurance is appealing to many due to its high earning potential. According to Indeed, the average ...
The National Association of Insurance Commissioners (NAIC) recently approved the Pet Insurance Model Act. This new regulation was created in response to a substantial increase in annual premiums totaling around $2.8 billion in 2021, along with the introduction of new policies in the United States. The law now includes guidelines for the sales process and ...
According to recent research by the international law firm Clyde & Co., mergers and acquisitions in the global insurance sector experienced their fastest growth rate in ten years in the regular first half of 2022. Globally, 242 deals were closed in that period, compared to 221 in the second half of 2021 and 197 at ...
Family First Life and Ethos Partnership Family First Life, an insurance marketing organization, has recently announced a partnership with Ethos, a field marketing organization specializing in life insurance technology. This collaboration aims to provide insurance agents with additional resources to better protect their clients. Shawn Meaike, the founder and president of Family First Life, expressed ...
Global Insurance Industry Overview According to Statista, the global insurance industry is worth more than 5 trillion U.S. dollars. The insurance industry employs millions of people in various kinds of job roles. Some of the most common ones are: Insurance agent Customer service representative Insurance broker Risk consultant Insurance adjuster Underwriter All the different job ...
OBRIEN Insurance Solutions has recently partnered with Socotra, a provider of modern software apps for insurers. This collaboration aims to bring speed-to-market and agility to the insurance industry. OBRIEN Insurance Solutions offers outsourced policyholder communications services such as print and mail, EBPP solutions, check printing, lockbox services, and inbound digital mailrooms. On September 12, 2022, ...
A Networking event organized by the American Property Casualty Insurance Association (APCIA) to unite leading reinsurers, carriers, and brokers on a three-day conference. To connect the industry’s property casualty professionals, the association is hosting a three-day learning and networking event in Dallas from October 2 to 4. The APCIA Annual Meeting seeks to unite carriers, ...
Cowbell Announces Launch of Cowbell Specialty Insurance Company Today, Cowbell announced the launch of Cowbell Specialty Insurance Company, its subsidiary, and Adaptive Cyber Insurance—a dynamic approach to insuring the rapidly evolving cyber risks that businesses face. Both projects are major milestones for the company, which has worked hard to change the face of cyber insurance ...