Top 25 Insurers (by Premium) for 2018
The National Association of Insurance Commissioners (NAIC) released data that provides property & casualty insurance market share information and identifies the leading insurance writers in several key lines of business. The 2018 market share data includes countrywide direct written premiums for the top 25 groups and companies as reported on the state page of the annual financial statement for insurers that report to the NAIC.
2019 Forecast Predicts Strong Growth for Independent Agents & Brokers
You have a lot to look forward to in 2019! Reagan Consultings Organic Growth and Profitability (OGP) survey for the fourth quarter of 2018 shows a convergence of impressive upward trends in each major line of business, Kevin Stipe, president of the firm, said in a press release. OGP participants generated organic growth of 6.1% in 2018, surpassing the projected organic growth rate of 5% for the year. Growth was driven by continued increases in U.S. GDP and commercial pricing. For 2019, OGP participants are forecasting growth of 7%, which would be the highest growth rate since Reagan Consulting began its quarterly OGP survey in 2008.
Agency Risk Management Essentials Webinar: Commercial Lines - Back to Basics
One of the leading causes of insurance agents errors and omissio E&O claims for agencies like yours are your commercial lines coverage accounts. Through a new recorded webinar, you and your team can get back to basics to avoid common claims. Learn through example about the leading causes of loss, such as recommendation errors, explanation errors, application errors, policy renewal/replacement errors and policy change errors when handling commercial coverage placements. This is a must-see for all of your commercial lines producers and CSRs and IT'S FREE OF CHARGE!
IIAND MEMBER BENEFITS
Crop to be Chopped?
President Donald Trump's budget proposal for 2020 calls for approximately $26 billion in cuts to the crop insurance program over the next 10 years as part of an overall 15% cut tot he U.S. Department of Agriculture. This budget prospoal is only a starting point for negotiations; these custs are similar to President Trump's proposals for fiscal years 2018 and 2019.