Brokers ended the year with a solid 9% organic growth, continuing the strong returns of the last four years, according to Reagan Consulting’s Growth & Profitability Survey (GPS), fueling brokers’ optimism for 10% organic growth by the end of 2025.
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FastrackCE Celebrates 25 Years of Innovation in Insurance Continuing Education
FastrackCE, a trusted provider of online continuing education for insurance professionals, proudly celebrates 25 years of service. Since its founding in 2000, the company has remained committed to delivering accessible, efficient, and high-quality courses to help professionals maintain their licenses and stay informed.
Travelers Reports $1.7 Billion in Wildfire Claims, Future Insurance Strategy Unclear
Travelers has announced a $1.7 billion impact from policyholder claims related to the recent Los Angeles wildfires. However, the company has not confirmed whether it will significantly raise insurance premiums in California or nationwide to offset these losses.
Reconstruction Costs Surge Over 60% in the Past Decade, Verisk Reports
Reconstruction costs for both residential and commercial properties have risen sharply over the past ten years, with national residential costs increasing by 63.7% and commercial costs climbing by 58.4%, according to an analysis by Verisk’s 360Value.
California FAIR Plan Assessment: Insurers to Recover Costs Through Policyholder Fees
The California property and casualty insurance market is facing significant financial adjustments as insurers prepare to recover up to half of a $1 billion assessment imposed by the California FAIR Plan.
California Insurance Commissioner Denies State Farm’s Emergency Rate Increase Request
California Insurance Commissioner Ricardo Lara has rejected State Farm General’s request for an emergency 22% increase in home insurance rates.
Origin Specialty Expands into Captive Insurance With New Middle-Market Division
Origin Specialty Underwriters Agency, LLC, a national managing general agent (MGA) specializing in hospitality, construction, and related sectors, has launched Origin Captive Solutions, a new division focused on offering captive insurance options for middle-market businesses.
Liberty Company Secures Strategic $100 Million Funding to Propel Future Growth and Innovation
Liberty Company Insurance Brokers (Liberty), one of America’s fastest-growing privately held insurance brokerages, has announced the $100 million upsizing of its syndicated credit facility, led by JPMorgan Chase.
In Memoriam, Greg Thompson, THOMCO
It is with profound sadness that we share news about the passing of our esteemed colleague, mentor, board member, and friend, Greg Thompson.
Heavy Rain Threatens Fire-Scarred California with Landslides and Flooding
The recent storm slamming California is bringing heavy rain to fire-ravaged areas, raising concerns about flooding, mudslides, and landslides.