Remember the lyrics of the old Bob Dylan song… “for the times, they are a changin’”… That is certainly true today as it has been a most unusual year for all of us! Everything in our world seems to have changed… including the insurance industry. All of which affect our bank accounts and profit margins. Our …
The Insurance Industry’s Response to COVID-19 and the Impacts it has on your Dealership The global impacts of Coronavirus, COVID-19, are far-and-wide. Organizations are being forced to make significant changes to their business models and supply chains overnight. Business travel has been restricted and many service industry businesses have taken steps to have their employees …
Last-Minute Insurance Shopping We all know the consequences of ‘’last-minute shopping’’…we always end up paying too much! Shopping on the Eve of Christmas, Valentine’s Day, or any other Special Occasion rarely produces the best gift and never the lowest cost. Insurance is no different. In fact, with insurance, waiting until the “last-minute” often costs much, …
A reflection on the insurance industry in 2019 from President of DealerRisk Services, Steven P. Gibson. As we near the close of 2019, there are some industry trends of note: Markets in Disarray Inventory Market Umbrella Market Premiums on the Rise Commercial Auto/Garage Property First, let’s address the premium increases as this market segment is …
Reviewing your Cyber Coverage October is National Cyber Security Awareness month, making it a good time to review your internal controls and your coverage. You DO have Cyber coverage…Right? It amazes me as we travel the country speaking with Dealers how many have not yet purchased Cyber coverage. Dealers have a tendency to want their …
