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State of the Market 2023: The View Ahead
There are several factors influencing why the insurance industry is in a hard market. Insurance companies are facing the fallout from increasingly severe and frequent catastrophic weather events, with Hurricane Ian being the most recent devastating multibillion-dollar event to hit…
Read MoreMarket Recap: Trucking
As we look back this year and ahead to next year, Bryan Woods, COO and CFO of Paramount MGA, provides insights on trucking insurance and how Paramount has approached the market. An ISC company, Paramount has several proprietary transportation programs,…
Read MoreHow Climate Change Is Affecting Insurance for Homebuyers
As climate change continues to incite severe weather systems and natural disasters around the world, the U.S. housing market absorbs the effects. Around the country, some of the most appealing places to live – both for their low cost of…
Read MoreHow to Reduce Liability During Holiday Parties
As the holiday season approaches, so too does the season of office holiday parties. While these events can be fun ways for staff to celebrate hard work and develop friendships outside the stress of the workplace, holiday parties can also…
Read MoreUnderstanding the Basics of Digital Marketing
Digital marketing in today’s age consists of seemingly endless acronyms, from PPC to SEO to SEM. It can be hard to track which strategies are most beneficial for your small business, especially for insurance agents looking to maintain their network…
Read MoreWhy Your Clients Need Excess Liability Coverage
Today’s legal environment continues to be impacted by social inflation, which is characterized by various factors, including third-party litigation funding, tort reform rollbacks, plaintiff-friendly juries, and public distrust of companies, all driving larger settlements and jury awards – and, inevitably,…
Read MoreThe Difference Between Vacant Land and Vacant Building
Both vacant land and vacant buildings require insurance, but there is a difference in what these requirements are. Let’s take a look at what’s involved. Vacant Land: Just Like It Sounds With vacant land, there are no buildings on the…
Read MoreWinter Weatherizing Tips for Your Insureds
Old Man Winter is right around the corner, bringing in additional property exposures and energy bills (especially now with the high cost of oil and electricity). Heavy piles of snow, for example, can cause a roof to collapse. Water pipes…
Read More‘Tis the Season: Plan for In-Office Holiday Parties
Over the last two years, most businesses didn’t hold in-office holiday parties. They either celebrated virtually or decided to forgo the celebration altogether. This year the in-office holiday party is making somewhat of a comeback. Holiday get-togethers boost morale, build…
Read MoreClimate Change and Impacts on Insurance
Insured losses from natural catastrophes have increased 250% in the last 30 years, according to a report by consulting firm Capgemini and the European Financial Management Association (EFMA). Perils such as wildfires and storms, which are particularly impacted by climate…
Read MoreThe Rise of Online Insurance Submissions
Some habits are hard to break, including the traditional method for insurance agencies to submit new insurance applications. Agents have traditionally completed Acord apps and supplemental forms which are sent via email or uploaded as PDFs to a carrier’s or…
Read MoreThe One-Two Punch of Hurricane Ian on the Florida Property Market
Trade shows are an exciting opportunity to network and learn more about your industry, whether you’re attending an insurance industry trade show or strolling the floor at an event for another specific business sector. From attending panels to marketing your…
Read MoreHow to Maximize Your Participation at Trade Shows
Trade shows are an exciting opportunity to network and learn more about your industry, whether you’re attending an insurance industry trade show or strolling the floor at an event for another specific business sector. From attending panels to marketing your…
Read MoreHow to Build a Personal Network
In any industry, networking is crucial – but especially for insurance agents, who rely on personal connections to conduct business. But while you may have heard the term “networking” thrown around online or in meetings, what does it actually mean,…
Read MoreHow Higher Gas Prices Fuel the Rising Price of Goods
A recent report found that nearly 70% of small and medium-sized businesses across the country cited high gas prices as the reason they were struggling to regain stability-and the struggle is real. U.S. gas prices have been volatile to say…
Read MoreMarket Recap: Restaurant, Bar, Tavern & Nightlife
The restaurant and bar industry during the last three years has experienced a great deal of changes as a result of the pandemic, a labor shortage, and inflation. The industry has had a lot on its plate, but throughout these…
Read MoreTalent Crisis in the Insurance Industry Persists
The insurance industry has been discussing its talent crisis for years, with the call for a younger demographic to fill positions throughout the distribution system as the baby boomer generation retires. Industry insiders were calling for a concerted marketing push…
Read MoreBuild a Better Brokerage Through Constant Refinement
Whether your brokerage is a modest family-run firm, one of the largest enterprises in the nation, or somewhere in between, you are always on the lookout for the broker’s version of “how to build a better mousetrap” — operate more…
Read MoreBypass Three Common Business-Busting Broker Blunders
After investing years of hard work to establish and grow their business into a thriving operation, savvy business insurance brokers know that resting on their laurels is a foreign concept they can never embrace. Rather, maintaining a constant vigil on…
Read MoreThe Cooling Housing Market and Its Effect on Property Investors
Since the beginning of the year, the housing market has changed. A rise in interest rates, the amount of money required as a down payment, a drop in sales prices, and increased inventory on the market have home sellers concerned.…
Read MoreMarket Recap: Demand for On-Demand Content Opens Up More Insurance Opportunities in the Entertainment Industry
The pandemic altered many consumer behavioral patterns, with various industry sectors having to pivot to accommodate these changes. One of the most significant consumer changes, according to a McKinsey report, is the rise in at-home consumption. Homes have become the…
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