Insurance

WSIA honors E&S insurance leaders who died in 2020

Lenore Staats 2 months ago

WSIA wrapped up its 2020 Virtual Annual Marketplace by honoring two of its own. (Shutterstock)

To mark the closing of the 2020 Virtual Annual Marketplace hosted by the Wholesale & Specialty Insurance Association (WSIA), the organization and its members are taking a moment to honor the passing of two of its leaders this year.

In memory of Kevin P. Brooks

Kevin Brooks, pictured here, passed away on April 3, 2020 from complications of the COVID-19 virus. He served as NAPSLO president from 1989-1990. Kevin P. Brooks

Kevin Brooks, pictured at left, passed away on April 3, 2020, from complications of the COVID-19 virus. He served as NAPSLO president from 1989-1990.

After graduating from Manhattan College in 1966 with a degree in psychology, Kevin

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Solving Risk Puzzles in a Complex World

Lenore Staats 3 months ago

Insurance professionals in the surplus lines sector are busy. Busy adapting to a changing business world during COVID-19. Busy adapting to a changing property/casualty market where standard lines insurers are steadfastly shedding undesirable accounts. Busy adapting to a market that is increasingly digital. And busy multiplying their numbers of accounts and premium volume.

While many U.S. businesses continue to lag, the surplus lines insurance industry is experiencing significant growth.

The flow of business into the surplus lines channel is up 20% or more over last year, according to Timothy Turner, chairman and CEO of RT Specialty, Ryan Specialty Group’s wholesale

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Global Artificial Intelligence (AI) in Insurance Market 2020 Growth, Trend, Analysis, Future Opportunities and Industry Forecast to 2025

Lenore Staats 3 months ago

The MarketWatch News Department was not involved in the creation of this content.

Sep 07, 2020 (CDN Newswire via Comtex) —
The new research report entitled, Global Artificial Intelligence (AI) in Insurance Market 2020 by Company, Type and Application, Forecast to 2025 presents an in-depth study in terms of production, market revenue share, and price. The report showcases a comprehensive study of the overall industry along with various elements such as future trends, drivers, market growth, opportunities, prospects, and limitations inside the respective industry. The valuable information has been given, considering both, the existing top players and the upcoming competitors.

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Global Data Analytics in Insurance Market 2020 Key Players, Comprehensive Research, SWOT Analysis and Forecast by 2025

Lenore Staats 3 months ago

The MarketWatch News Department was not involved in the creation of this content.

Sep 07, 2020 (CDN Newswire via Comtex) —
MarketsandResearch.biz has published a new report titled, Global Data Analytics in Insurance Market 2020 by Company, Regions, Type and Application, Forecast to 2025 where the base year considered for the study is 2020 and forecast considered from 2020 to 2025, which is an addition to its extensive database. The report provides an inside-out and expert examination inside-out and expert examination of the market situation. The study helps clients in developing their effective approaches for growth, our upcoming general market

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Global Insurance Big Data Analytics Market 2020 Research Analysis on Competitive landscape and Key Vendors, Forecast by 2025

Lenore Staats 3 months ago

The MarketWatch News Department was not involved in the creation of this content.

Sep 07, 2020 (CDN Newswire via Comtex) —
The recently launched report namely Global Insurance Big Data Analytics Market 2020 by Company, Regions, Type and Application, Forecast to 2025 by MarketsandResearch.biz presents industry states and prognosis for 2020 to 2025 time period. The report contains a market overview with regard to the historic and current scenario. The report contains a global Insurance Big Data Analytics market overview, covering simple market debut, market analysis by kind, applications, and areas. The research demonstrates insights into the market share and

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Global Insurance Big Data Analytics Market 2020 Definition, Size, Share, Segmentation and Forecast data by 2025

Lenore Staats 3 months ago

The MarketWatch News Department was not involved in the creation of this content.

Sep 07, 2020 (CDN Newswire via Comtex) —
MarketsandResearch.biz has introduced a new report titled Global Insurance Big Data Analytics Market 2020 by Company, Type and Application, Forecast to 2025 that offers an all-encompassing analysis of recent and upcoming states of this industry, focusing on the comprehensive study of the industry environment. The report estimates global Insurance Big Data Analytics market size, current market trends, potential players, and expected performance of the market in regions for the forecast period from 2020 to 2025. The report sheds light

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COVID-19 Production Restart: Where Has Production Resumed Globally?

Lenore Staats 3 months ago

The coronavirus pandemic crippled production around the world across many months, enforcing an unavoidable hiatus in business that has wreaked havoc on film and TV production schedules. The summer saw a number of troubling flare-ups in certain countries as borders began reopening, but overall, the pandemic has stabilized enough in some nations to allow specific industries to resume — albeit very cautiously. Here, Variety’s international team breaks down what you need to know about how film and TV production is faring in key markets as the industry slows comes back to life.

Coming Sept. 9: Variety’s “Location Update: The Big

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Air Canada offers COVID-19 insurance for sun destinations at no extra cost

Lenore Staats 3 months ago

Air Canada, struggling like airlines around the world as the COVID-19 pandemic continues to hit finances hard, has announced that it will offer Canadian travellers COVID-19-based medical insurance at no extra cost.

The move, TVA Nouvelles reports, will apply to southern destinations like Mexico and the Caribbean, in a partnership struck between the Canadian carrier and Allianz Global Assistance, the German insurance firm. Brokerage firm TW Insurance Services is also involved in the new offering.

The extra coverage, which began Monday, will include quarantine accommodation expenses as well as emergency medical bills related to COVID-19 if a traveller

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Bermuda Insurance Exec Told To Pay UK Tax On Share Options

Lenore Staats 3 months ago

Law360 (September 3, 2020, 8:02 PM EDT) — The top executive of a Bermuda-based insurance company must pay U.K. income tax on share options he exercised while he was no longer a British resident, the Upper Tribunal’s tax chamber ruled.

The tribunal, in a decision issued Wednesday, found that John Charman, CEO of property and casualty insurer Sompo International Holdings Ltd., was liable for tax on the total amount of the options he was granted. Charman had argued that he should pay tax only on share options he vested while he was a U.K. resident.

The tribunal’s decision was dated

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How to Build an Insurance or Any Business with Community at the Center

Lenore Staats 3 months ago

It’s a common corporate practice to use philanthropic pursuits to improve both their communities and public images. Some organizations donate both funding and manpower through formal philanthropy programs. Others choose to give regularly to selected charities. But for Pamela Davis, that wasn’t enough. Davis decided to build an organization with the community at the center.

Davis is founder and CEO of Nonprofits Insurance Alliance (NIA), a social enterprise and insurance carrier that serves the nonprofit sector exclusively. Built on the premise that business can be a force for good, and nonprofits can join together to build mutually beneficial capabilities, NIA

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Global Automobile Insurance Market 2020 Key Performance, Top Players, Segmentation, Future Plans and Forecast to 2025

Lenore Staats 3 months ago

The MarketWatch News Department was not involved in the creation of this content.

Sep 01, 2020 (CDN Newswire via Comtex) —
Global Automobile Insurance Market 2020 by Company, Type and Application, Forecast to 2025 aims to deliver an expert and inside and out examination of the industry status and outlook of the market. The report mainly focuses on the accurate and primary analysis of business growth statistics, market size, share, and revenue of the industry. The report investigates the global Automobile Insurance market on the basis of top players/brands, area, type, and the end client. The report throws light on

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Global Private Motor Insurance Market 2020 Industry Research, Business Growth, Future Investment and Emerging Trend to 2025

Lenore Staats 3 months ago

The MarketWatch News Department was not involved in the creation of this content.

Sep 01, 2020 (CDN Newswire via Comtex) —
Global Private Motor Insurance Market 2020 by Company, Regions, Type and Application, Forecast to 2025 is the latest research document that provides a precise analysis of market size, trends, share, forecast, outlook, production, and future developments trends and present and future market status. The report contains comprehensive data that boosts and helps the appraisal of every aspect of the global Private Motor Insurance market. The research deploys an overview of the market which summarizes its aspects associated with regional

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Global Private Motor Insurance Market 2020 Industry Size, Segments, Share, Key Players and Growth Factor Analysis by 2025

Lenore Staats 3 months ago

The MarketWatch News Department was not involved in the creation of this content.

Sep 01, 2020 (CDN Newswire via Comtex) —
The recent market report entitled Global Private Motor Insurance Market 2020 by Company, Type and Application, Forecast to 2025 presents a close watch on the opportunities and current market scenario providing insights and updates about the corresponding segments involved in the market. The report throws light on strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a holistic overview of the global Private Motor Insurance market situations in the forecast period from 2020 to 2025. The

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HUB International Insurance Solutions To Be Offered On PowerBand’s Virtual Transaction Platform Throughout The United States

Lenore Staats 3 months ago

PowerBand to Offer Best-in-Class Personal Lines Automotive Insurance Solutions from HUB International for Luxury Car Owners

VANCOUVER, BC and CHICAGO, IL / ACCESSWIRE / September 1, 2020 / PowerBand Solutions Inc. (TSXV:PBX) (OTCQB:PWWBF) (Frankfurt:1ZVA) (“PowerBand“, “PBX” or the “Company“) is pleased to announce that HUB International Ltd. (“HUB“), the world’s fifth largest insurance broker, will offer its personal lines automotive insurance solutions, on PowerBand’s virtual transaction platform to drivers across the United States, and soon after Canada, through PowerBand’s strategic partner, Texas-based D&P Holdings, Inc. (“D&P“).

PowerBand users can buy,

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Earthquake Insurance: Do I Need It?

Lenore Staats 3 months ago

Earthquake Insurance

Photo by Sunyu Kim on Unsplash

California is well known for having more than one earthquake every now and again. Like every other natural disaster, the ramifications of an earthquake for California residents range from insignificant to catastrophic. For the most part, California residents do not seem to be all that concerned about having protection against an earthquake for their home and property.

This is evidenced by the fact that only around 10% of California homeowners have added an earthquake policy to their homeowner’s insurance recently. Although California has not experienced any major earthquakes in the last few decades,

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Insurance Agencies for Sale – Insurance Journal

Lenore Staats 3 months ago

If you want to buy an insurance agency or acquire a book of business, browse for independent agencies for sale.

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World Insurance Associates Acquires Novak Agency Insurors of Florida

Lenore Staats 3 months ago

World Insurance Associates LLC (WIA), a Top 100 Insurance Agency, announced today that it acquired Novak Agency Insurors of Largo, Florida, on June 1, 2020. Terms of the transaction were not disclosed.

Novak Agency Insurors will be managed out of WIA’s Saint Petersburg office by Gregory D. Leifer, CLU, Principal of World Insurance Associates.

“I look forward to expanding our expertise and reach in Florida and providing Novak Agency clients with additional resources, services, and markets,” said Greg Leifer.

Rich Eknoian, CEO and Co-Founder of World Insurance Associates LLC, stated, “Novak Agency specializes in commercial insurance, which is a nice

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Car Insurance expired in Lockdown? Know how you can renew car insurance online

Lenore Staats 3 months ago

The pandemic has seen a significant change in people’s attitudes. They are purchasing less and caring more. Cars are no different. Fitch, an international rating agency has forecasted a decline of 20% in the automobile demand, for this fiscal year*.

However, with the lockdowns lifting and life resuming in the middle of the pandemic, we need to be even more vigilant when it comes to car protection. Whether you are working from home or have now resumed being physically present at work, you will need your car to commute, and if you are commuting, you need to ensure your vehicle

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World Insurance Associates Expands to South Carolina with Acquisition of Professional Insurance Consulting, Inc.

Lenore Staats 3 months ago

TINTON FALLS, N.J.–(BUSINESS WIRE)–World Insurance Associates LLC (WIA), a Top 100 Insurance Agency, announced today that it acquired Professional Insurance Consulting, Inc. (PICI), of Fort Mill, South Carolina, on July 1, 2020. Terms of the transaction were not disclosed.

Diane Woods, Owner and President of Professional Insurance Consulting, Inc., founded the independent property-casualty insurance agency in 2005. PICI is commercial lines focused, specializing in pizza shops, non-profit organizations, and the automatic sprinkler industry. The agency prides itself on its ability to provide value-added customer service that meets the unique needs of its personal and commercial lines clients. As

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Insurance Compliance Software Market to See Huge Growth by 2025: Xanatek, AgencyZoom, Fiserv, Oracle

Lenore Staats 3 months ago

Edison, NJ — (SBWIRE) — 08/26/2020 — Insurance compliance software is designed to assist insurance providers to meet complicated regulatory guidelines which differ on both the state and national levels. The policy providers should meet the regulations of each state. This software help insurance agencies address to meet compliance challenges, streamlining the process of maintaining compliance. The major benefits of insurance compliance software are consolidating compliance activities, ensures timely and accurate reporting, navigates multi-state filings, monitors compliance activity.

AMA Research published a new research publication on “Global Insurance Compliance Software Market Insights, to 2025” with 150+ pages and enriched with

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