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The latest insurance articles, insight, and news from Ollis/Akers/Arney Insurance & Business Advisors.

ESOP Interview Spotlight-Paul Long

Paul Long – ESOP Interview Spotlight!

June 30, 2024
1. What is your favorite thing about your role / job position? After starting an agency from scratch and being responsible for every aspect every day from payroll to sales it is awesome to be a part of a large team. I don’t know if everyone that works here realizes what an amazing management team…
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2024 Commercial Property Insurance Midyear Market Outlook

2024 Commercial Property Insurance Midyear Market Outlook

June 30, 2024
The commercial property insurance segment has been characterized by ongoing premium increases for much of the past decade. According to industry data, such rate jumps reached record-setting levels in 2023, surging by an average of 20.4% in the first quarter alone and only slightly falling to 18.3% in the latter half of the year. These…
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How to Mitigate Risk in a Hard Insurance Market

How to Mitigate Risk in a Hard Insurance Market

June 26, 2024
The commercial insurance marketplace is cyclical with fluctuating soft and hard markets. Since 1999, the U.S. has experienced predictably hard markets following the September 11, 2001, terrorist attacks, and the 2007-2009 Great Recession. Both were relatively brief followed by periods of insurance carriers reducing average premium costs and expanding of offerings. Starting Q4 2017, a…
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ESOP Interview Spotlight-Jennica Faucett

Jennica Faucett – ESOP Interview Spotlight!

June 23, 2024
1. What do you like most about your role? I love problem-solving and being able to help our clients improve upon their current program and experience. 2. How do you think being in an ESOP affects work culture? In my time here, it’s been easy to see that the ESOP has a very positive impact…
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ESOP Interview Spotlight-Jeff Eiserman

Jeff Eiserman – ESOP Interview Spotlight!

June 18, 2024
1. What do you like most about your role?   I love feeling like I can help our clients fix problems and/or better prepare for the future.  We are so fortunate to work with quality people.  It is a privilege to be a part of their trusted team. 2. How do you think being in…
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ESOP Interview Spotlight-Kevin Robbins

Kevin Robbins – ESOP Interview Spotlight!

June 9, 2024
1. How does being in an ESOP affect your personal work? Prior to joining Ollis, I worked for large national organizations with hundreds of thousands of employees. There were some good things working for them, but you would often feel and hear that you had no input in the functions of your work, couldn’t impact…
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ESOP Interview Spotlight-Kim Snyder

Kim Snyder – ESOP Interview Spotlight!

May 31, 2024
1. How does being in an ESOP affect your day-to-day work? It definitely helps me stay positive when things get stressful and is a great reminder of how everything I do affects the company as a whole. 2. What is something new you have learned about being in an ESOP that you did not know…
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ESOP Interview Spotlight-John Akers

John Akers – ESOP Interview Spotlight!

May 24, 2024
1. What do you like most about being in an ESOP? The all for one and one for all mentality it evokes. We as a collective team are in charge of our own destiny, and our team is performing well. 2. When did you start to feel the impact of being an employee-owner? I had…
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DOL Issues Gag Clause Attestation Resources for 2024

DOL Issues Gag Clause Attestation Resources for 2024

May 24, 2024
On May 24, 2024, the U.S. Department of Labor (DOL) issued various resources to assist health plans and health insurance issuers in annually submitting their attestation of compliance with the Consolidated Appropriations Act’s (CAA) gag clause prohibition. These resources can be used to submit the next gag clause attestation, which is due by Dec. 31,…
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ESOP Interview Spotlight-Myleah Shrimpton

Myleah Shrimpton – ESOP Interview Spotlight!

May 18, 2024
What makes you excited about being in an ESOP? My excitement for the ESOP has grown throughout my years with the company. When I started, I was 26 years old, and the ESOP felt like this ethereal, far-off concept. I was grateful for it, but I did not understand the impact. Through time, especially when…
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