Inflation and the Commercial Insurance Market
Over the past year, inflation has become a growing concern. Inflation issues have largely resulted from a culmination of labor and supply trends brought on by the COVID-19 pandemic, and they are clearly reflected within the country’s rising Consumer Price Index (CPI). According to the latest data from the Bureau of Labor Statistics (BLS), the CPI for all urban consumers surged by 7.9% in the last twelve months—representing the largest increase over this amount of time since 1982. Inflation issues could create a number of challenges in the commercial insurance market, affecting both insurers and their policyholders. With this in mind,...
Ashley Smith Attends AIG University
Arthur Hall Insurance Account Manager, Ashley Smith, CISR, recently attended the AIG Private Client Group (PCG) University Producer Sales School. Ashley’s nomination and subsequent selection as one of only 15 participants from a pool of 75 nominees, is noteworthy in this highly competitive program. The AIG University helps participants refine their skills as insurance advisors, deliver superior insurance solutions to clients and overcome sales challenges to achieve success. Classes help empower advisors with skills to ask probing questions and offer appropriate services to highly successful individuals and families. This interactive program has been effectively training insurance professionals for ten years. Arthur Hall Insurance...
Insuring Your College Student
Sending a child off to college is a significant milestone. As you prepare for the start of the semester, you should consider how your insurance needs may change with your son or daughter away at school....
WC Press Features Arthur Hall Insurance
"It's always all about the people." Executive Vice President of Arthur Hall Insurance Mark D. Sammarone, CIC, CISR, discusses the agency's formula for success in the February 2019 issue of The WC Press. Read it here: https://issuu.com/thewcpress/docs/thewcpress_february2019/31 ...
Guessing On Property Limits Could Cost You
Are Your property limits adequate? Determining the correct property limit can be a difficult task, but it is an important consideration when evaluating your insurance program. Defining accurate limits, including the proper endorsements and structuring policies to match your needs are key to establishing an appropriate program. Here are some critical items to think about when evaluating your property coverage: * How did you reach your limit? Estimates developed using only company replacement cost calculators, loss control inspections, or appraisals could leave you underinsured when a loss occurs, or paying for additional coverage that can never be used. Onsite property visits can be...