Market Insights from Kapnick Insurance Over the past couple years, it’s felt like the world is constantly changing and evolving, making it difficult for organizations to keep up. While insurance tends to be steadier than many industries, it’s not without fluctuations. This is where Kapnick comes in – we’re here to help you thrive, not just survive. We have a deep understanding of the industry and what it takes to stay
Kapnick Insurance is pleased to announce that after a six-month, nation-wide search, internal candidate Angela Dean will be succeeding long-time president of employee benefits, Steve Peck, upon his retirement in December 2022. “We hired an outside search firm to help us find the best talent and the best opportunity for this
Market Insights from Kapnick Insurance The business insurance marketplace in 2022 continues to face challenges, though there is good news on the horizon—the rate of increases has slowed across almost all lines and we hope to see rates softening as we move into 2023. The cause of the hard market that businesses continue to face is multi-faceted, including:
Many people have heard of or seen Kapnick Insurance in one way or another, but probably don’t know about our vast history. Take a look inside the history of Kapnick Insurance and how it all got started when Doug, Jim, and Mike sat down with WJR’s Business Biography’s host Jeff Sloan. Kapnick was founded in 1946 by Elmer Kapnick. He started the company out of necessity,
From our 2021 Year in Review: As we welcome the new year, Kapnick Insurance reflects back to 2021 and our 75th year in business with fondness and pride. Founded in 1946 by Elmer Kapnick, our firm was originally focused on personal and small commercial insurance, but has since grown into one of the largest, most respected independent brokers in the nation.
Market Insights from Kapnick Insurance The past few years have been challenging for both businesses and the insurance industry. The increased frequency and severity of claims, social inflation, the COVID-19 pandemic, medical inflation, trends in cybercrime, the cost of reinsurance, natural disasters and investment returns have all fundamentally reshaped the insurance market as we know it.
The business insurance marketplace in 2021 continues to be hard. Rates are increasing and capacity is decreasing. The cause of the hard market is multi-faceted, but follows a 10-year period of a soft market in which rates decreased and capacity in the marketplace was not an issue. Most believe COVID-19 is still impacting rates, including pricing,
A Letter from Jim Kapnick, CEO I began my introduction to last year’s market forecast with the note that 2019 was a year of both challenges and opportunities. Most would say 2020 was a year of straight challenges. In the US, social upheaval and an election cycle meant uncertainty and stress, while the lingering coronavirus pandemic brought considerable devastation
Founded in 1946, Kapnick is celebrating our 75th year in business in 2021. We are currently one of the largest privately held insurance brokers in the nation. The anniversary is being celebrated with multiple private and public events throughout
From our 2020 Year in Review: It comes as no surprise that 2020 was a difficult year here at Kapnick, just as it was throughout the world. Yet from disruption comes innovation, and we’re proud of the way the Kapnick team banded
At Kapnick Insurance Group, our mission is simple: Earning client loyalty through exceptional service and solutions.
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