Articles

Understanding Today's Flood Risks, Upcoming NFIP Changes from Risk Rating 2.0

Flooding is the costliest — and the most common — natural disaster to significantly impact communities across the United States, The PEW Charitable Trust notes in its reporting on flood-prepared communities. Flood events have accounted for more than $850 billion in damage and losses in the U.S. since 2000, the global nonprofit, nongovernmental organization points out. It doesn't take a hurricane t...

A Sure-ty Bet: Why Agents Should Specialize in the Commercial Surety Space

Agents with clients who need license and permit bonds, miscellaneous bonds, court bonds, or any number of bonds classified as “commercial,” should think twice about letting this business go to a competitor. Commercial surety is a great supplemental product that can be added to an agent’s portfolio to meet the needs of clients and further cement a customer relationship. Too many agents view surety...

Emerging Pandemic Risks From Covid, Cyber, Civil Unrest, Mergers, and More... Part 2

Insurance Journal examined industries experiencing changes and challenges due to the COVID-19 pandemic, societal unrest and other market forces experienced in 2020. Here are the final five industry sectors that could see new and emerging risks in 2021 and beyond. (Read Part 1) M&A Transaction Market The mergers and acquisitions market saw record insurance premium in 2020, totaling around $2 bi...

Emerging Pandemic Risks From Covid, Cyber, Civil Unrest, Mergers, and More... Part 1

Insurance Journal examined industries experiencing changes and challenges due to the COVID-19 pandemic, societal unrest and other market forces experienced in 2020. Here are the first five industry sectors that could see new and emerging risks in 2021 and beyond. Commercial Real Estate Real estate owners are dealing with tenants who cannot pay rent. Some tenants are going out of business due to pa...