Essential Strategies to Get Started
This post is part of a series sponsored by Darkhorse Insurance. Marketing an insurance agency can feel overwhelming, especially if you’re juggling client meetings, policy renewals, and endless paperwork. But here’s the truth: effective marketing is the key to standing out in a crowded market and attracting the right clients. Whether you’re new to the […]
Market Risks Facing Agencies and Carriers for Medicare Open Enrollment 2025
This post is part of a series sponsored by AgentSync. At first glance, having the most profitable Medicare season comes down to matching your distribution channels to the anticipated size of the market opportunity in a particular state and planning your sales coverage accordingly. Yet, optimizing your distribution channel management is more complex than “park […]
How Are Insurance Agent Commissions Calculated?
This post is part of a series sponsored by Darkhorse Insurance. Ever wonder how much you’re really earning every time you close a deal? Understanding your insurance agent commission structure is the key to knowing where your income comes from and how to maximize it. Regardless of the policies you sell, your revenue depends on […]
Accelerated crypto regulations – what should risk managers be aware of?
“Further discussions and drafting of the Financial Innovation and Technology for the 21st Century Act (‘FIT21’) bill, which could provide greater regulatory clarity for digital assets, is expected,” he said. “This legislation aims to clarify standards for decentralisation, intermediary requirements and the potential evolution of future regulations, to support innovation and growth in the United […]
A Look Back at 2024: The Year in Insurance
Armchair analysts prognosticating the impending collapse of property & casualty insurance companies were proven wrong by recently released 2024 financial performance results. The overall industry’s underwriting results were profitable. The 2024 combined ratio – losses and expenses divided by premium, was 96.6%, compared to the marginally unprofitable 2023 result of 101.8%. Last year’s profitable result […]
US P&C insurance market remains stable but uncertainty looms – report
Managing risk in a shifting market “Major industry headwinds such as social inflation, natural catastrophes, climate change, trade wars, tariffs, and regulatory changes are adding to the market uncertainty,” said Vince Gaffigan, executive vice president and director of risk consulting at Lockton. “Now, more than ever, businesses should be reevaluating their insurance programs to safeguard […]
Key Insights from the 2025 CoreLogic® Severe Convective Storm Risk Report
This post is part of a series sponsored by CoreLogic. As property insurance costs continue to rise, homeowners and insurers alike are facing new challenges. While hurricanes and wildfires often dominate discussions around natural disasters, severe convective storms (SCS) remain an underappreciated but significant contributor to insured losses. The 2025 CoreLogic® Severe Convective Storm Risk […]
Allstate to hold Q4 2024 earnings call Feb. 6
NORTHBROOK, Ill., Jan. 7, 2025 – The Allstate Corporation (NYSE: ALL) will host a conference call and webcast at 9 a.m. ET on Thursday, Feb. 6, 2025, to discuss fourth quarter 2024 financial results. Allstate plans to file its results via a Form 8-K with the Securities and Exchange Commission (SEC) after 4:15 p.m. ET […]
GEICO sued over misrepresentation in accident forgiveness program
GEICO’s accident forgiveness program is marketed as a way to prevent rate increases following a policyholder’s first at-fault accident. The insurer states on its website: “Your insurance rate won’t go up as a result of your first otherwise surchargeable, at-fault accident.” However, the lawsuit argues that the company’s handling of premium adjustments contradicts its marketing […]
Best Practices for Carriers, Agencies, and MGAs/MGUs
This post is part of a series sponsored by AgentSync. For carriers and agencies that sell Medicare Advantage, Supplement, or Part D plans, Medicare open enrollment season is always right around the corner. If you’re a life insurance carrier, a Medicare agency, or MGA/MGU and you’re trying to come to terms with the amount of […]