The managing general agent (MGA) market is in the spotlight as one of the most agile and innovative arrows of growth for the insurance sector. But as with any arrow, direction and precision matter. Fired without the right discipline, it …
Viewpoint: Strong In-House Claims Functions Help Build Trust in MGA Sector Read More »
A new property/casualty insurance industry survey report reveals some of the key challenges that independent agents are facing, including providing quotes within customers’ expected time frames—or finding insurance capacity at all in some areas. Almost nine-out-of-10 agents surveyed by First …
Agents Struggle to Find Capacity, Meet Customer Timing Expectations: Survey Read More »
The way communities nationwide recover from natural disasters may never be the same. The National Flood Insurance Program (NFIP) expired on September 30. Simultaneously, pending congressional legislation stands to transform the Federal Emergency Management Agency’s (FEMA) Public Assistance (PA) program. …
Viewpoint: Can Parametric Insurance Bridge the FEMA Gap? Read More »
The Mississippi Supreme Court this month declined to reconsider its 2024 decision to uphold almost $15 million in punitive damages and attorney fees against USAA in one of the longest-running claims disputes to come out of Hurricane Katrina. The court …
Miss. Supreme Court Won’t Budge on $15M Bad-Faith Decision Against USAA Read More »
In what is being seen as a significant win for property insurers, a Florida appeals court last week found that Universal Property and Casualty Insurance Co. did not breach the insurance contract when it paid just $8,125 on a homeowner’s …
Insureds Need Early ACV Estimate to Claim Breach of Contract, Fla. Appeals Court Says Read More »
A new economic impact report from the California Department of Insurance shows that insurance companies contracting with small and diverse-owned businesses contributed a total economic output of $6.7 billion to the state’s economy, supporting more than 29,000 jobs and generating …
California Reports $6.7B Economic Impact From Diverse Businesses in Insurance Industry Read More »
Thirty years ago, Willie Cruz was shocked when he learned the Southern California oil refinery where he worked was shutting down. Cruz, now a 61-year-old living in Arizona, had spent five years working in the environmental department when Powerine Oil …
California Oil Workers Face Uncertain Future in State’s Energy Transition Read More »
When snow covers the frozen ground, and most South Dakota farmers have sold or stored their products for the season, the operators of Cedar Creek Gardens are still able to grow vegetables and harvest a lucrative crop. Located in a …
South Dakota Farmers Use Farm Tunnels for Longer Growing Season Read More »
Wisconsin Insurance Commissioner Nathan Houdek issued a final decision to impose civil forfeitures of $6,000 after finding that a contractor was acting as a public adjuster under Wisconsin law, which subjected him to the standards of Wis. Stat. ch. 629, …
Wisconsin Contractor Fined for Acting as a Public Adjuster Read More »
Texas camp owners on Friday urged the state health agency to give them more time and flexibility on costly new safety requirements, saying they could be forced to close by next summer. “We support the goal of making camps safer,” …
Camp Owners in Texas Fear Closure Due to New Safety Regulations Read More »
