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Agents prefer carriers with simple digital workflows over high commissions, with 90% saying friction has led them to shift business, according to Ivans.
More industry sectors are increasing coverage, while more focus is placed on damage to digital assets.
Risk managers need to spell out compensation and expectations.
Few organizations are strategically planning for ways to curtail rising health care costs.
The NARAB board would oversee a streamlined licensing process for agents and brokers operating in multiple states.
The winner of ASSE’s Safety Professional of the Year Award says the driving force behind health and safety is the involvement and commitment of organizational leaders.
A new report shows organizations are under-valuing their information assets and related exposures.
Top brokers are using mergers and acquisitions to expand reach, add expertise and deliver localized services.
Nonprofit global brokerage network has transitioned to a for-profit corporation.
The recent Supreme Court ruling has lifted some doubts for employers.
The expenses related to a breach as well as the increasing number of cyber targets are troubling companies in all industries.
Capacity is lining up to cover drones, but a lack of historical data and useful regulation hamper the industry.
The American Association of Managing General Agents focuses on diversity.
Insurers are increasingly focused on streamlining distribution.
Most brokerages are seeing decreased pricing for D&O coverage, although pricing may increase for their smaller company clients.
Independent brokers value the freedom to define their culture and corporate philosophy.
The relationship between a broker and insured is determined by its nature, not by length of time.
More companies are buying cyber insurance, brokerage firms say.
Crop and flood insurance, and a host of health-care related concerns are top of mind for brokerage organizations.
Certificates of insurance are often required, but risk managers should understand that it is always the actual policy that controls coverage.
The law streamlines the national licensing process for brokers, but it may take two years to be operational.