Insurance Advertising — Dropping
Insurers are cutting their marketing budgets. That’s the conclusion of S&P Global Market Intelligence after the company examined the marketing budgets of the four largest personal lines insurers. GEICO State …
Ethics & Who Do Ya Trust? Apparently not these 9 Professions
Every year Gallup does a poll on the ethics in professions. The poll questions over 1,000 adults in all 50 states. The questions vary from year to year so the …
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Commercial Insurance Rates Keep Rising — Ivans Insurance Services Report
Like most months in the last few years, commercial insurance rates increased. Some more than others, but overall, and on the average, rates rose significantly. As has been the last …
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Failed Banks — Part 1: Insurer Exposure
Insurance companies do not have much financial exposure in the new failed Silicon Valley Bank, Silvergate and Signature Bank. Fitch Ratings calls the exposure, “modest.” Most of the exposure for …
Failed Banks — Part 2: Banks Want an FDIC Guarantee Expansion
The Federal Deposit Insurance Corporation (FDIC) insures bank deposits up to $250,000. Anything above $250,000 is gone. A lot of investors were shocked to learn that when Silicon Valley Bank, …
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A.M. Best — Insurer Credit Ratings Downgraded
In 2022 A.M. Best downgraded credit ratings on several insurance firms. Commercial property insurers saw the most downgrades. In total, Best upgraded the ratings on 26 commercial lines insurers and …
Around the Western Alliance States – March 20, 2023
California — Another Atmospheric River Threatens the State: California has been battered by 11 atmospheric rivers this season. The next one is now hitting the state and is expected to …
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How PIA Independent Agents are Feeling in 2023 — The Annual NU/PIA Survey results
Last week PIA National and National Underwriter (NU Property & Casualty) released the results of their annual independent agent survey. Close to 750 agents responded between November of last year …
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PIA Oregon’s Lobbying Efforts — Another Positive Reason for Membership in the PIA
There are many reasons for membership in the PIA. The reasons run from insurance products, access to affordable E&O, education, relationships with companies and other agents and more. One of …
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Florida — One State’s Battle on Insurance Law Abuse
Many states — including several PIA Western Alliance States — have laws or regulations on the books that make it easy for fraudsters to do a third-party lawsuit. Bad faith …
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