Insights
How FEMA’s First Flood Insurance Update in 50 Years Will Affect Rates
In the wake of natural disasters, a pandemic, and supply shortages, higher insurance rates are everywhere. Many living in coastal areas or in flood zones can also expect to see higher rates to insure their homes under the Federal Flood Insurance Program. The Federal...
To Package or Not to Package Commercial Insurance Policies?
From phone, internet, and cable to insurance, everyone loves to bundle. It’s convenient to work with one form, one agent, and one carrier for multiple policies, and bundling everything into one package sometimes saves the insured some money. Business owners needing...
What to Do When A Construction Project Is Delayed
Pandemic-related supply-chain disruptions, manufacturing delays, and labor shortages are leading to building supply shortages and longer wait times for deliveries. 90% of contractors say plywood has been harder to come by, and 75% are finding vinyl siding harder to...
5 Traits of a Good Insurance Broker Partner
Having a good broker partner is essential to getting great rates and giving your clients and insureds stellar service. But how do you find one, or how do you know you have one? When evaluating a broker, there are a few characteristics you should look for in order to...
A New England “Insurance Legend” Says Goodbye: Hello to Retirement After 40 Years of Service
In New England’s insurance industry, everybody knows him and loves him; some even refer to him as “Hawk.” If you’re in insurance, it’s hard not to know Jim Hawkins, the senior vice president at Quaker Special Risk, since he’s been in the Boston-area insurance scene...
The Return and Rise of the Vacation Rental
After a year of people being cooped up inside their homes, they’re eager to flee the nest for a change in scenery. With over 35% of the U.S. population now fully vaccinated, many are willing to take a chance on travel and reuniting with loved ones they haven’t seen in...
Lessen Your Liquor Liability Risk Memorial Day Weekend
Your bar, restaurant, and venue clients are usually pretty responsible with making sure their server staff is properly trained when it comes to alcohol consumption. Typically, they require servers to take courses and attain a certification in order to serve alcohol,...
Lumber Prices Raise New Home Prices by $24,000
Toilet Paper, coins, computer chips, homes for sale … The pandemic has led to short supplies of many consumer products, driving up prices. With a lack of available homes, people looking to cash in on low interest rates and buy homes better suited to post-pandemic...
Best Ways to Prevent Home Water Damage
Water damage is one of the leading causes of homeowners’ losses in the U.S. The annual cost of water damage and removal is $13 billion, and the average home insurance claim for water damage is just over $10,000. There are many simple things your clients can do...
6 Cybersecurity Practices Underwriters Love
With more people now working from home, cybersecurity and having cyber coverage are especially important for businesses as cyber criminals have been taking advantage of situations created by the pandemic. With increased remote work, hackers are seeking out flaws in...
