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Kapnick News

Aug 30

Kapnick Launches Innovative Apprenticeship Program, Offering Young Talent Job Experience and a Paid College Degree

By Kapnick News
Kapnick is excited to launch the Kapnick Apprenticeship Program! This innovative program shows our commitment to developing young talent in the insurance industry while supporting the communities we serve. "An insurance career may not be on many people's dream job list, but it’s both rewarding and challenging," said Mike Kapnick, Chief Operating Officer of Kapnick. “We’re thrilled to offer this program alongside our summer internship program. It’s a chance for emerging professionals to explore an industry that values growth, innovation, and work-life balance—one they might not have considered otherwise.” How the Kapnick Apprenticeship Program Works The Kapnick Apprenticeship Program is a two-year initiative…
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Feb 01

2023 Market Forecast

By Kapnick News, Market Forecast
The past few years have brought constant change, making it challenging for organizations to keep up. While the insurance industry tends to be steadier than others, it’s not immune to fluctuations. That’s where Kapnick comes in. With our deep understanding of the industry, we’re here to help you thrive, not just survive. Our 2023 insurance market forecast highlights key trends and insights to help your organization stay compliant and competitive. Insights from the 2023 Insurance Market Forecast Kapnick has been in business for over 75 years, and we’re committed to supporting your growth in any market—hard or soft. Our 2023 market forecast provides expert…
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Jul 13

Angela Dean Named President of Employee Benefits at Kapnick Insurance

By Kapnick News
Kapnick Insurance is excited to announce Angela Dean as the new president of employee benefits. Angela will step into the role following Steve Peck’s retirement in December 2022. After a six-month, nation-wide search, Kapnick confidently selected Angela for her extensive experience and leadership skills. A LEADER WITH EXPERIENCE AND VISION Angela began her career at Kapnick in 2003 as a sales producer. Over the years, she consistently demonstrated her expertise and dedication. In 2019, she became one of the original 10 partners when Kapnick expanded ownership to top-performing colleagues. Most recently, she excelled as Partner, Benefit Sales Leader, where she…
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Jul 12

2022 Mid-Year Market Update

By Kapnick News, Market Forecast
The business insurance marketplace in 2022 continues to face challenges, but there is good news ahead. The rate of increases has slowed across almost all lines, and we anticipate rates softening as we move into 2023. Understanding 2022 business insurance market trends can help businesses navigate these challenges and prepare for what’s next. FACTORS DRIVING THE HARD MARKET The hard market businesses face today stems from several factors, including: A shortage of goods and rising inflation. Economic uncertainty and global events like the COVID-19 pandemic and the war in Ukraine. Catastrophic events leading to more frequent and severe claims. While rates are…
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Jun 13

A Look Inside the History of Kapnick Insurance

By Kapnick News
Many people recognize Kapnick Insurance, but few know the rich story behind its success. This blog explores Kapnick Insurance’s history and growth, from its founding in 1946 by Elmer Kapnick to its evolution into a thriving, multi-generational family business. 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. THE BEGINNING OF KAPNICK INSURANCE Kapnick Insurance was founded in 1946 by Elmer Kapnick, who started the company out of necessity shortly after World War II. The business began to flourish when Elmer’s…
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Feb 01
Kapnick 2021 Year in Review cover

Kapnick Insurance 2021 Year in Review

By Kapnick News
From our 2021 Year in Review: As we step into the new year, Kapnick Insurance proudly reflects on 2021 and our 75th year in business. Founded in 1946 by Elmer Kapnick, we started with a focus on personal and small commercial insurance. Over the years, we’ve grown into one of the largest and most respected independent brokers in the nation. Explore our 2021 Year in Review to see how we celebrated, what we achieved during this milestone year, and our plans moving forward.  JTNDaWZyYW1lJTIwc3JjJTNEJTIyaHR0cHMlM0ElMkYlMkZjZG4uZmxpcHNuYWNrLmNvbSUyRndpZGdldCUyRnYyJTJGd2lkZ2V0Lmh0bWwlM0ZoYXNoJTNEdWl3MWVxc3BtYSUyMiUyMHdpZHRoJTNEJTIyMTAwJTI1JTIyJTIwaGVpZ2h0JTNEJTIyNDgwJTIyJTIwc2VhbWxlc3MlM0QlMjJzZWFtbGVzcyUyMiUyMHNjcm9sbGluZyUzRCUyMm5vJTIyJTIwZnJhbWVCb3JkZXIlM0QlMjIwJTIyJTIwYWxsb3dGdWxsU2NyZWVuJTNFJTNDJTJGaWZyYW1lJTNF
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Jan 19

2022 Market Forecast

By Kapnick News, Market Forecast
The past few years have challenged both businesses and the insurance industry. Increased claim frequency, social inflation, the COVID-19 pandemic, and new trends in cybercrime have fundamentally reshaped the insurance market as we know it. To help you navigate these shifts, we are sharing our latest Kapnick Insurance Market Insights. Understanding these changes is your first step toward protecting your organization. What Drives Kapnick Insurance Market Insights Today? Medical inflation, the rising cost of reinsurance, natural disasters, and fluctuating investment returns all contribute to the current climate. While challenging market conditions remain, we see several positive indicators for businesses. In…
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Jun 25

2021 Mid-Year Market Forecast

By Kapnick News, Market Forecast
The business insurance market in 2021 remains tough. Rates are rising, capacity is shrinking, and businesses are adjusting to a hard market after a decade of soft conditions. COVID-19 continues to influence pricing, coverage availability, renewals, and underwriting. Here’s what you need to know to stay ahead. Understanding 2021 Business Insurance Trends After 10 years of declining rates and abundant capacity, the market has shifted. Rates will keep rising over the next year, but the increases should be smaller than those seen in the past 18 months. Capacity is slowly improving in some areas, but excess and umbrella liability coverage…
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May 28

2021 Market Forecast

By Kapnick News, Market Forecast
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
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