Industry Roundup: ​”Unprecedented” Rise in Auto Thefts; Women Are Underrepresented in Independent Agency Leadership; Consumers of All Generations Prefer Insurance Agents; Lemonade Execs Expect ‘Peak Losses’ in 2022

​"Unprecedented" Rise in Auto Thefts – Insurance Crime Bureau Issues WarningMajor cities across the US have seen an “unprecedented" surge in auto thefts and carjackings in recent years, the National Insurance Crime Bureau (NICB) has warned.Roof Inspection Tech Could Speed Claims Process, Prevent LossRoof inspections after storms are often costly and inconvenient. New technology could streamline the process for insurance companies and customers.Small Businesses Are Big Targets for Fund Transfer FraudThe 'low-tech' cybercrime saw big increases in losses and frequency among operations with less than $25M in annual revenue.Women Are Underrepresented in Independent Agency LeadershipA new study from Safeco Insurance and Liberty Mutual Insurance shows…

Continue ReadingIndustry Roundup: ​”Unprecedented” Rise in Auto Thefts; Women Are Underrepresented in Independent Agency Leadership; Consumers of All Generations Prefer Insurance Agents; Lemonade Execs Expect ‘Peak Losses’ in 2022

​ Albany Update: Big I NY Calls for UI Tax Relief, Assembly Insurance Committee Hearing Postponed, Redistricting Drama Continues

​This week, Big I NY joined fifty business organizations in calling on the state legislature to use up to $3B in state funds to provide desperately-needed relief from rising unemployment insurance (UI) taxes. Soaring UI taxes demand the State's attention - inaction will only delay New York's economic recovery. According to the New York State Comptroller, compared to contributions made in 2020, total state and federal UI taxes paid by New York employers will increase by at least 45.4 percent to as much as 254 percent in 2025.3 This would be catastrophic for our state's job creators.The proposed Assembly Insurance Committee hearing to evaluate the…

Continue Reading​ Albany Update: Big I NY Calls for UI Tax Relief, Assembly Insurance Committee Hearing Postponed, Redistricting Drama Continues

Get to Know Your Board: Marianne McCormick

Marianne McCormick, AAI, CPCU, is a Regional Director on the Big I New York Board. In our new blog series, Get to Know Your Board, she shares a bit about herself in Q&A format. Meet Marianne! ​​Marianne McCormick with Jim Lombardo, Big I NY AVP of Learning & Development​Who is/are your mentors (professional or personal)?​​I’ve been fortunate to have worked with wonderful people who encouraged me to learn more- do more. Fred Beaudry, at one of my earliest positions, encouraged me to move into commercial lines, he sent me to Drake University for their Commercial Lines school program and promoted studying for insurance designations. He always…

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