BINDING AUTHORITY SUSPENDED: Tropical Storm Henri

Please be advised that we are monitoring Tropical Storm Henri as it tracks north along the eastern seaboard of the continental United States and the eastern maritime provinces of Canada. We are taking the following underwriting precaution: We are suspending all agent’s binding authority for all lines of business effective Saturday, 08/21/21 @ 8 pm until Sunday, …

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The Hard Market Cycle Change: A Primer On What It Is & What To Do About It

Many factors and variables are driving the change in cycles. They include Available investment capital, investment returns, cash flow, claim losses- especially large CAT events, claim costs, underwriting standards, and most certainly reinsurance cost and availability. When several of these factors begin to align together, they trigger a change in the cycle. Over the past several months, we have started to see the cycle change to a hard market for property and casualty business lines. Every insurance company is having negotiations with their reinsurers and pricing is increasing like many other
product insurances that are subject to supply and demand. The cost is then passed on to the retail consumer, our policyholder.

Hurricane season is upon us. Do you have the right coverage?

Hurricane season is upon us. Do you have the right coverage? Hurricane season is in full swing, and 2020 projected to be a very active year. Most of you remember Hurricane Irene in 2011, the storm that devastated many parts of upstate New York. Most home and business owners would have never recovered if not for state or federal aid.

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