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NY bill targets transparency in title agent compensation
[ad_1] A significant new bill introduced in the New York State Assembly could fundamentally change compensation structures within the title insurance industry. Assembly Bill A07866, sponsored by Assemblymember Carrie Woerner, sets out clear, strict guidelines on how title insurance agents can be compensated by insurers, emphasizing transparency, fairness, and accountability in agent-insurer dealings. [ad_2] Source…
Quarterly annuity sales exceed $100 billion in all four quarters – LIMRA
[ad_1] In the fourth quarter, US annuity sales totaled $100.6 billion, a 13% decline from the record-setting fourth quarter of 2023. Lower interest rates contributed to declines in fixed-rate deferred (FRD) and income annuity sales, affecting overall results. [ad_2] Source link
From data to dominance: The evolving role of insurance agency networks
[ad_1] “A lot of cluster groups are a great social club, and they might share, ‘Hey, I landed this piece of business with this carrier,’ but it’s not a structured sharing of information, of data. Nor can one agent really speak for the others in the cluster. They’re just the spokesman this year, whereas an…
Intact Financial enjoys boost from personal lines
[ad_1] In the US, operating DPW declined 3%, mainly due to the non-renewal of a large account. The region’s combined ratio improved slightly to 86.8%, helped by rate momentum across most lines. In the UK and Ireland, operating DPW fell 4% as portfolio remediation efforts continued. The combined ratio in that segment rose to 97.6%,…
New York Legislature rewrites firefighter group’s rules to get access to insurance tax funds
[ad_1] A legislative refresh is breathing new life into a decades-old charter in Thornwood, New York. Senate Bill S8232, introduced on May 27, 2025, updates the 1945 founding law of the Volunteer and Exempt Firefighters’ Benevolent Association of Thornwood, New York. [ad_2] Source link
ALKEME introduces sector-focused auto sub-brand ALKEME Automotive
[ad_1] ALKEME Automotive will operate as a dedicated platform serving franchise and used car dealerships, auto repair and body shops, towing companies, rental businesses, parts manufacturers, and service centers. The sub-brand brings together agency leaders with experience in delivering specialized coverage and services within the automotive market. [ad_2] Source link