Insurance agents shopping around more for better rates amid ‘market churn’ By Lurah Lowery on October 6, 2023Insurance Based on new J.D. Power research findings, P&C independent insurance agents are increasingly frustrated with rising carrier premiums and, instead of telling their clients first, they’re shopping for better rates ahead of policy renewals. Not only could…
Category: Insurance
Business Insurance: What Policies Does Your Business Need?
Share Tweet Share Share Email Business owners run the gauntlet of incidents for every single day they operate. If proper precautions aren’t in place, business owners can be on the wrong side of things before they know it. The risks posed to a business can be many and…
A ‘Shadow’ Lending Market in the U.S., Funded by Insurance Premiums
In 2009, as the banking business was on the verge of being reshaped by new regulations in the wake of the great financial crisis, the private equity giant Apollo Global Management found a way to make money off the retirement savings of millions of everyday Americans. Through Athene, an insurer it helped create and later…
How Much Does Business Insurance Cost?
While running a business can be rewarding, it also comes with a myriad of risks that could financially cripple your company. For example, lawsuits related to product liability can quickly empty your business’s bank account. According to the Insurance Information Institute, the median product liability lawsuit settlement was nearly $4 million in 2020. By investing…
Things to know about California’s new proposed rules for insurance companies
Comment on this storyComment SACRAMENTO, Calif. — Months after California’s home insurance market was rattled by major companies pausing or restricting their coverage, the state’s top regulator said Thursday that he would write new rules aimed at persuading insurers to continue doing business in the nation’s most populous state. Seven of the 12 largest insurance…
Best Small Business Insurance of October 2023
If you’re a business owner, you likely need some form of insurance to cover your work. Whether you have a fleet of vehicles to insure or just need liability coverage for freelance work, having the right coverage for your business can be a lifeline if you ever face a lawsuit, theft, disaster or other unexpected…
Health Insurers Could Profit From Weight-Loss, Diabetes Drugs Ozempic, Wegovy
Demand for drugs like Ozempic could boost health insurers’ bottom lines, according to BofA. Insurers and the drug-industry middlemen they own stand to earn more as healthcare spending increases. Insurers’ membership could also swell if the drugs help people live longer. Loading Something is loading. Thanks for signing up! Access your favorite topics in a…
Types of Business Insurance Every California Entrepreneur Should Consider
California’s business landscape has seen the growth of many innovative and thriving enterprises. However, this region also has challenges that make entrepreneurs grapple to find their space. This is why comprehensive business insurance is crucial for any venture to sail through these challenges. There are many insurance providers that have crowded the market, but only…