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1 week ago | 
leadersedge.com | Zach West
Sponsored by TruHearing Posted on April 15, 2025 In the Hearing Loss in the Workplace survey of full-and part-time workers both with and without hearing loss, hearing benefit provider TruHearing found that only one in 10 respondents reported being offered hearing benefits by their employer. “The lack of coverage needs to change,” says Rob Gibbs, senior vice president of sales and account management at TruHearing.
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3 weeks ago | 
leadersedge.com | Zach West
Sponsored by AXA XL Posted on March 31, 2025 In 2024, the market was forecasted to reach $130 billion in gross written premium, and it continues to see outpaced growth relative to the admitted P&C market. AXA XL’s new Head of Wholesale Solutions for the Americas, Tim Whisler, discusses the state of the E&S market and what organizations can expect in 2025. Q How strong is the E&S market coming into 2025?
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3 weeks ago | 
leadersedge.com | Phil Trem |Zach West
By Phil Trem Posted on March 31, 2025 Still, M&A activity throughout 2024 had a “2021” quality to it, with strong economic tailwinds, large and potentially industry-changing deals, and a presidential election that created apprehension about capital gains tax changes. On paper, it felt like 2024 could challenge the record.
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1 month ago | 
leadersedge.com | Zach West
Sponsored by Ascend Posted on March 25, 2025 Each instance demands hours of work as accounting teams fetch and reconcile carrier commission statements, which are often unique to each carrier, and compare the statements to what is recorded in the agency management system (AMS). Any discrepancy costs even more time to resolve, and there are often roadblocks in the process.
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1 month ago | 
leadersedge.com | Tammy Worth |Zach West
Health+Benefits Vital Signs the March 2025 issue The Inflation Reduction Act of 2022 authorized the Centers for Medicare and Medicaid Services (CMS) to work with pharmaceutical manufacturers to set prices on 10 drugs for diabetes, arthritis, and other conditions for almost nine million Medicare Part D beneficiaries beginning in 2026. Further negotiations on additional drugs are planned. Gremminger discusses what, if any, impact this will have on the private insurance market.
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1 month ago | 
leadersedge.com | Russ Banham |Zach West
fast focus Sixty-five percent of the U.S. population is underinsured. The wildfires that plague California illustrate the dangers of being underinsured or completely uninsured— almost 20% of homeowners in the town of Paradise lacked sufficient insurance to rebuild homes destroyed in the 2018 Camp Fire. Lower-income households and those in poverty are particularly vulnerable in the wake of a natural disaster, as are small businesses.
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1 month ago | 
leadersedge.com | Russ Banham |Zach West
In 2024, 27 weather/climate disaster events in the United States cost more than $1 billion each, according to the National Oceanic and Atmospheric Administration (NOAA). These events encompassed one drought, one flooding event, 17 severe storms, five tropical cyclones, two winter storms, and a single wildfire in New Mexico that destroyed 1,400 houses and other structures. The disasters were spread across much of the country, with the Midwest and Southeast experiencing the brunt.
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1 month ago | 
leadersedge.com | David Tobenkin |Zach West
If you need a homeowners or auto insurance policy in the United States, he’s your bot. Gainfully employed at Boca Raton, Florida-based e-brokerage Nsure, Friendly John will ask questions, compare more than 50 carriers’ policies, and suggest the best one for the client’s needs. He’s almost, but not quite, full service: a human agent must bind the policy.
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1 month ago | 
leadersedge.com | Zach West
However, the story is different for BrokerTech Ventures (BTV): of the 58 companies in the broker-led insurtech accelerator’s five cohorts from 2020 to 2024, 95% are still in business and their valuation has doubled on average, to a collective $1.1 billion. BTV attributes this success to an exacting selection process that features multiple rounds of rankings, ratings, and finalist interviews.
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1 month ago | 
leadersedge.com | Zach West |Sandy Laycox
By Zach West Posted on February 26, 2025 Premiums across all account sizes rose by an average of 5.4%, commensurate with Q3 and Q2 increases. That represented the 29th consecutive quarter of rising premiums across all account sizes. The average increase across the five major lines of business—commercial auto, commercial property, general liability, workers compensation, and umbrella—was also 5.4%, down slightly from 5.7% in Q3 2024.
