March 9, 2023
Welcome to your weekly newsletter with the updates you need to succeed in property and casualty insurance.
Payday
From coast to coast, insurance agents earn different amounts - read on to learn more about the most lucrative states to be an insurance agent.
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The Most Lucrative States To Be an Insurance AgentThe average insurance agent in the United States earns a base pay of $55,596 annually. For some agents, though, the financial reward is much larger |
Business |
Illinois Auto Credit BillA bill has been introduced that would prohibit auto insurers in the state from considering consumer credit information in setting rates. |
CA Senate Tries to Stabilize MarketHomeowners insurance prices in California are skyrocketing with the increased threat of wildfires, and lawmakers are trying to make sense of it all. |
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Ryan Specialty Posts 54% JumpThe Chicago-based specialty insurance firm reached fourth-quarter net income of $45.8 million, compared to $29.6 million in the same period last year. Read more at Insurance Journal |
Environment |
Central Oregon Reels from DroughtThe exceptional drought has nearly disappeared after a winter deluge of rain and snow — all except for about 1,500 square miles, nearly all contained in Crook County. |
Wildfire Threats Increase in TexasTexas A&M Forest Service raised the Wildland Fire Preparedness Level to Level 2 as the threat of wildfire activity increased across several areas of the state. Read more at FOX7 |
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State of Emergency in CaliforniaGov. Gavin Newsom declared a state of emergency in response to severe winter storms that impacted much of Southern California. Read more at KTLA |
Education |
Roughest Roads in the USState and local governments spend billions each year on road maintenance and operations, but does it amount to better roads for taxpayers? |
Property Claims Satisfaction StudyThe combination of more severe events, rising costs and longer cycle times has strained customer satisfaction and tested the limits of digital tools. |
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Hard Market Expected to ContinueProperty markets will remain hard with no softening in the foreseeable future, while in primary casualty lines, renewals remain largely flat. |