Wisconsin Governor Tony Evers has issued a “shelter-in-place” order, calling on all citizens to stay home in order to slow the spread of the COVID-19 coronavirus.  Wisconsinites can leave home to get groceries, medicine, and other essential supplies.  We can leave our homes to exercise outdoors, as long as we practice social distancing and stay…

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By Jon Persky, CIC, CPA, PHR Our way of life has substantially changed (at least temporarily) due to Covid-19. But how does that affect agency value and your plans to buy or sell an agency? While the insurance industry is relatively recession-proof, Covid-19 can and will have an impact on the insurance industry M&A in…

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This post was originally published on the blog of West Bend Mutual Insurance Do you have a new or young driver in your household? If you do, chances are you’re a bit anxious about it. Add in some snow or sleet and it’s even harder to get used to seeing your young driver behind the…

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The required notification period for altered terms to an insurance policy in Wisconsin is about to change. The Wisconsin Legislature has passed a bill that will reduce the notification period from 60 days to 45 days. A majority of states specify 30 days or less for altered terms notification, and carriers wanted to bring Wisconsin’s…

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Cyber Security Concept

Legislation to create cybersecurity standards for the insurance industry in Wisconsin has passed the Wisconsin Assembly and will likely pass the Wisconsin Senate, next week. This legislation (2019 Assembly Bill 819) creates standards for insurance businesses that will help protect customers’ private information from hackers.  Larger businesses will be required to conduct risk assessments, develop information…

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