The Top 100 list is ranked by total property/casualty 2022 agency revenue and comprises only those agencies whose business is primarily retail, not wholesale. This download also includes:

• Top 20 Banks in Insurance Brokerage Fee Income
• Top 20 Bank Holding Companies in Insurance Brokerage Fee Income

Insurance Journal wishes to thank all of the agencies and brokerages that were willing to share their information and cooperated in the process for the Top 100 report. The result is a glimpse at some of the nation’s most successful independent insurance agencies and brokerages.

The post Insurance Journal’s Top 100 Independent Property/Casualty Agencies List 2023 appeared first on Insurance Journal Research.

Here’s a helpful checklist with some practical ways to plan for and prevent heat-related illnesses.

Bonus: Also included is a quick guide to understand the National Weather Service Heat Index.

The post Heat Illness Checklist appeared first on Insurance Journal Research.

Unanimously, all 12 people expressed a bright outlook for their financial future, even as anxieties about The Future — the political future, the economic future, the ecological future — hovered in the background.

In our latest study, Cake & Arrow asks participants: does insurance help to allay these anxieties? Their answer: Kind of. To learn more, read the stories of the 12 people we spoke to.

The post We’re Anxious but Optimistic: What These 12 People Want Insurance Companies to Know About Their Finances appeared first on Insurance Journal Research.

2023 Top 100 Property/Casualty Agencies

Auto Claims Inflation Speeds Ahead of Premium Increases

Connecticut Agent’s Failure to Disclose Dog

Specialty P/C Insurers Outperform Their U.S. Peers: Report

Workers’ Compensation Remains Profit Engine for U.S. P/C Insurers

Fun Equals Risk. Sigh.

The post Insurance Journal August 7, 2023 Issue appeared first on Insurance Journal Research.

Between the Lines is a new video series where we take a quarterly look at Carrier Management magazine, with interviews, commentary and in-depth analysis of the stories featured in the latest issue.

In this episode, Carrier Management deputy editor Elizabeth Blosfield will talk with experts about how underwriting needs to evolve with this ever-changing landscape. Tech advancements, changing climate risk, growing cyber threats, and new generations of insurance consumers mean that underwriters today have a lot to keep up with.

What you will learn in this episode:

• why underwriting is becoming more specialized
• how the search for underwriting talent is changing
• How to help your MSO clients deal with the garble of state-by-state regulations
• the ways behavioral science is benefitting underwriters
• where tech advancements are taking the industry
• what can be done to assess changing climate risk

Host: Elizabeth Blosfield Deputy Editor at Carrier Management		Tracey Ant Head of Middle & Large Commercial Business Units, The Hartford
Lore Farrell VP of Product Management, Slice Labs		Tim Zawacki Principal Research Analyst, S&P Global Market Intelligence
Elizabeth Johnson Chief Operating Officer, Ascot

                  This episode is sponsored by

The post In this Episode: The Evolving Role of the Underwriter appeared first on Insurance Journal Research.

Watch now as Patrick Wraight, Academy Director of Education, hosts a panel of experts to discuss the current hard market.

They discuss what’s really going on, and how agents can navigate the difficulties they are seeing in the marketplace.

NOTE: We are currently offering this class free as a service to the insurance industry. Please don’t miss this limited offer.

The insurance market goes through cycles. In a soft market, the prices go down, policies are favorable to the insured, and the underwriting is relaxed. When the market turns and hardens, that all goes away. Prices go up. Underwriting gets strict. Exclusions appear everywhere.

The indications are that we are involved in a serious hard market. There have been record insolvencies in Florida. Several carriers have stopped writing new business in California. Insurers in every state are reacting to the hardening market.

The Academy of Insurance has brought together a panel of experts to discuss what is going on in the market and how agents can respond to it. Our panel for this conversation includes two Academy faculty members, Nancy Germond and Bill Wilson. Our third member of the panel is a newcomer to the Academy, Scott Margraves. Academy Director of Education, Patrick Wraight, will moderate the conversation.

The post What Should Agencies Do Given the Current Condition of the Insurance Market? appeared first on Insurance Journal Research.

Read this case study to see how PURE Insurance grew from startup to market leader with coverage in all 50 states, thanks to a strong tech ecosystem with flexible core systems from OneShield.

Who Should Read This
Insurance Carriers, Insurance Startups, and MGAs — especially those with a focus on Commercial Lines or Specialty Lines

The post From Startup to Market Leader: Guidelines for Future Proofing Your Technology appeared first on Insurance Journal Research.

‘Climate-Washing’ Litigation

2023 Excess, Surplus & Specialty Lines Directory, Vol. II

Report: US Lacks Comprehensive Cybercrime Data

US Insurance Market Forecast to Withstand Losses From Large Hurricane This Year: Fitch Report

Lightning to Blame for $952M in Homeowners Claims in 2022

More Than 17 Million Properties Face Substantial Flood Risk: Study

The post Insurance Journal July 17, 2023 Issue appeared first on Insurance Journal Research.

KPA’s Insurance Benchmark Report can help you compare your company to others in the industry and learn how to become a proactive problem-solver. With insights into your company’s performance and areas for improvement, you can establish trust and loyalty with your clients and prospects, setting yourself apart in today’s competitive market.

Take advantage of this valuable tool to improve your business and stay ahead of the competition.

The post How Your Peers Graded Their Stewardship Programs appeared first on Insurance Journal Research.

This summary of survey data collected from property and casualty insurance carriers in North America explores four key ways carriers can deliver an excellent digital experience for agents—an experience so excellent that it can be leveraged as a competitive advantage.

The post Four Data-Proven Approaches to Prioritizing Agent Experience appeared first on Insurance Journal Research.

Recognizing these variations presents an opportunity to improve efficiencies in case management, resource allocation, and the overall quality of care.

Bonus
The appendix to this report reveals the top 15 most common injuries, including details of average duration, utilization, unit cost, and episode cost for both P&C and commercial.

The post Understanding Auto Injuries: Exploring Variation in Treatment Cost, Duration, and Utilization in P&C versus Commercial Claims appeared first on Insurance Journal Research.

• The three most common injuries accounted for more than 40% of claims – strains, lacerations, contusions.
• The top three injuries – strains, cuts and falls – were lower by 13% in 2022 than 2019.
• Strains are the most expensive and the most common injury.

The post AmTrust 2023 Food Manufacturing Report: Trends in Food Manufacturing Workers’ Compensation Claims appeared first on Insurance Journal Research.

The War for Service Talent

Most Valuable Players: CSRs and Account Managers Awards Revealed

UBI-Use Rises as Customer Satisfaction Declines

U.S. Insurers Hit Hardest by Inflation: Triple-I Study

Fitch: Hardening Commercial Lines Market to Continue Through 2023

Insurance Costs Rapidly Rising for Rental Properties: S&P

The post Insurance Journal July 3, 2023 Issue appeared first on Insurance Journal Research.

It also focuses on the increasing impact of catastrophic weather events on the property insurance market and explores how agents can assist clients in overcoming obstacles and making informed insurance decisions.

The post Navigating the Commercial Property Insurance Market: A Comprehensive Guide for Insurance Agents appeared first on Insurance Journal Research.

Businesses are increasingly at risk of suffering significant financial losses, reputational damage, and operational disruptions due to a cybersecurity breach.

This guide and included checklist outline nine strategies that agents and brokers can leverage to help their commercial clients identify critical cybersecurity vulnerabilities and establish protocols to mitigate cyber risk and respond to a cyberattack.

The post Cyber Readiness Checklist appeared first on Insurance Journal Research.