I’m fascinated by the process of evolution. As a kid, I was a dinosaur fanatic, and I was perplexed by the thought of a Stegosaurus (my favorite dinosaur) evolving into a bird. Luckily, I have since wrapped my brain around that. I’ve always thought of evolution as a...
Developing a niche for your insurance agency works if you have relationships with enough insurance carriers that write a wide range of insurance policies to offer your clients choices to fit their unique needs. That is why it’s vital to have the right carrier...
In 2021, President Joe Biden signed the Bipartisan Infrastructure Investment and Jobs Act, which authorized an additional $1.2 trillion in federal construction projects. It also reauthorizes and funds the U.S. Department of Transportation’s existing Disadvantaged...
Trends in the insurance industry have shown that carriers are raising rates, limiting coverages or pulling out of entire markets—often citing catastrophic losses tied to natural disasters. From wildfires in California and tornadoes in the Midwest, to hurricanes along...
The excess and surplus lines insurance market provides specialized coverage for risks that have been declined, nonrenewed or that possess unique underwriting characteristics. Also known as surplus lines or the nonadmitted market, this sector caters to risks that...
New England’s independent agents are experts at adapting to a playing field that’s constantly changing, and the current state of the market will surely test their resolve in months to come. As 2025 dawned, rates had stabilized in most lines, even if carrier appetite...
Planning for long-term care always has been one of the most emotionally complex and financially uncertain parts of preparing for retirement. Many families delay the conversation until they’re in crisis, often leaving limited options and a heavy burden on loved ones. But artificial intelligence is starting to change that, offering a smarter, more personalized way to think about long-term care planning, and providing independent agents with new tools to help their clients prepare with confidence.
In a major step toward modernizing Connecticut’s insurance regulations, the state House of Representatives has passed H.B.6981, a measure that eliminates an outdated procedural barrier in the surplus lines market. Spearheaded by Rep. Kerry Wood, D-29, a long-time...
As the insurance marketplace in Connecticut continues to evolve, PIACT has received reports from members across the state of carriers discontinuing or substantially reducing writing certain lines of coverage. During this time, it’s vital that Connecticut...
In New York state, personal-lines insurance policies come with a tightly regulated framework under Insurance Law Section 3425, setting specific rules for when and how policies can be canceled or nonrenewed. As an agent or broker, understanding these nuances isn’t just...