In late October 2019, the Federal Reserve announced they would lower the Federal Funds Interest Rate by a quarter of a percent. This was the third such decrease of the year. What impact does this have on the commercial property & casualty insurance market and the annual premium paid by a business? In general, when interest rate falls, insurance premiums tend to rise. The rationale behind this is tied into the two ways that commercial insurance companies typically generate revenue; Underwriting Operations and Investment Activities.
Recent Posts
DSP is pleased to announce that our very own Bryan Adams has been appointed to the Board of Directors of the Chicago ASA. We are proud to be part of ASA’s mission in supporting the Chicagoland construction industry.
There is a lot of information going around about the COVID-19 vaccine. This article contains everything employees need to know right now.
DSP is pleased to have recently been recognized in the Insurance Journal’s “Best Agencies to Work For”. We wish to thank our employees, clients, colleagues and everyone else that made this possible. Click HERE to view the article.
DSP was recently recognized as Acuity Insurance’s number one agent in the state of Illinois. We are honored to have an outstanding relationship with this excellent insurance company.
We’re excited to celebrate the work anniversaries and milestones reached by our employees this quarter. Your dedication and expertise are vital to our success at DSP.
Russia launched a full-scale military assault on Ukraine in the early morning hours of Feb. 24, 2022, accompanied by a series of targeted cyberattacks that experts and officials say could ultimately have a much broader impact. Click the link below to the full article to learn more.
October is National Cybersecurity Awareness Month. It’s crucial for businesses like yours to stay cyber-secure in order to safeguard company data, protect customers’ personal information and ensure employee privacy. Review this infographic to learn how you can do your part to foster organizational cybersecurity.
October has been designated Distracted Driving Awareness Month by the National Safety Council. Distracted driving kills thousands of people each year and injures many more. Some studies have shown that distracted driving can cause greater impairment than even drunk driving. Click the document link below for a shareable distracted driving poster.
The DSP team is growing! We’re hiring a CSR in our commercial insurance division. Click the link below to learn more.