by Kelli Young | Feb 26, 2024 | Hard Market
Artificial Intelligence (AI) technology, which has surged in popularity in recent years, encompasses machines and devices that can simulate human intelligence processes. Applications of AI systems are widespread, but some of the most common include computer vision...
by Kelli Young | Feb 19, 2024 | Hard Market
Hard Market Economic Pressures Surging inflation has been a persistent concern in the insurance space over the last few years, resulting in eroding investment income and higher administrative costs among carriers, greater underwriting uncertainty, increased claim...
by Kelli Young | Jan 29, 2024 | Hard Market
Insurance experts often examine how outside trends, reforms and movements in the larger economy affect the insurance marketplace, and you should follow suit to determine what factors may impact your coverage. For 2024, there are a host of sweeping market developments...
by Kelli Young | Jan 8, 2024 | Hard Market
The Hard Market: How Does it Impact Me? The question every insurance agent gets asked when a hard market hits is “Why are my rates going up?” There could be more than one reason. Car accidents, hail or wind damage, or anything that results in you filing a claim...
by Kelli Young | Dec 25, 2023 | Hard Market
When the insurance markets are soft, you have ample access to insurance coverage options, and rates are generally more affordable. Yet in a hard market, the opposite is true. That begs the question: Why do we have a market swing at all? Numerous factors contribute to...
by Kelli Young | Dec 11, 2023 | Hard Market
Anyone who has ever stood in line for a coveted item, only to find out it’s been sold out while you waited, already understands the concept of an insurance hard market. It’s supply and demand – the amount of a product or service that’s available is lower than the...
