2024 - A Year in Review - Thank you!

Dear Valued Clients and Friends,

As we reflect on the past year, I’m filled with gratitude for our community's incredible resilience and support. This year brought its share of challenges, but through it all, our focus has remained on protecting what matters most to you—your family, your property, and your peace of mind. We all seek peace and harmony in our lives, and my aim is to ensure that we provide a slice of that tranquility. As you are aware, it's not always easy due to challenges posed by insurance companies, but I hope your experience with us has been harmonious.

Our agency has navigated the complexities of a hard market with rising premiums and shifting dynamics. Through blog posts like "Navigating the Hard Market: The Role of Reinsurance and Fire Hazard Mapping in Wyoming's Insurance Landscape," we aimed to shed light on the forces at play in the insurance industry and how they directly affect you. Transparency and education remain at the heart of what we do because informed clients are empowered clients.

This year also brought unprecedented challenges with natural disasters like wildfires, including the Elk Fire. In response, our team came together to provide assistance to those affected, offering guidance on claims and resources to help rebuild. The outreach we launched on October 4th was a reminder that we’re more than an insurance agency—we’re a partner who stands with you in times of crisis.

On October 21st, we joined the discussion on Wyoming’s Wildfire Hazard Mapping, an initiative crucial to understanding and mitigating risks in our region. Wildfires are not just statistics to us—they are deeply personal because they impact the people and places we love. Through collaboration and awareness, we believe our community will continue to grow stronger and better prepared.

We also shared in moments of community connection and remembrance. On February 26th, we paused to honor the life of Fallen Officer Nevada Krinkee, whose service and sacrifice will never be forgotten. Our office deeply mourned and has placed his photo in the office as a tribute to his bravery and determination to serve the greater good, despite facing severe adversity.

In March, Cheryl Moody joined our team, bringing a new perspective and steadfast commitment to our mission, enhancing our capacity to serve you more effectively. I am pleased to announce that she will soon be licensed, which will enhance the capabilities we offer at our office.

Every challenge this year was met with the unwavering determination of my incredible team of women, whose passion and expertise fuel everything we do. It’s their hard work behind the scenes that allows us to show up for you, our clients, with the care and solutions you deserve.

As 2024 draws to a close, I want to thank you for trusting Weaver Insurance Agency with your protection. It’s a privilege to serve this community, and your support inspires us to keep striving for excellence. Together, we’ve faced difficulties and emerged stronger, more united, and ready to embrace whatever the future holds.

From my family to yours, I wish you a safe, peaceful, and joyous holiday season. We look forward to continuing this journey with you in the year ahead.

With heartfelt gratitude,

Jessica Weaver, CIC

Agency Owner

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As we continue to grow and serve our community, your feedback means the world to us. One of the most impactful ways you can support our agency is by leaving a Google review. These reviews not only help others in our community find a trusted partner for their insurance needs but also provide invaluable insights that help us improve and serve you even better. If we’ve made a positive impact on your life this year, we’d be so grateful if you took a moment to share your experience. Your kind words remind us why we do what we do and inspire others to join the Weaver Insurance family.

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Jessica Weaver, CIC - Selected to Serve on Safeco's Agent Advisory Council 2025

Media Release

For Immediate Release

Contact: Jessica J Weaver, CIC | Commercial Risk Advisor & Agency Owner | Weaver Insurance Agency

Jessica J Weaver, CIC, Selected to Serve on Safeco's 2025 Advisory Council

SHERIDAN, WY — Jessica J Weaver, CIC, owner and Commercial Risk Advisor at Weaver Insurance Agency, has been appointed to Safeco's prestigious Advisory Council for the 2025 term. This remarkable achievement reflects Jessica's dedication to advancing the insurance industry and supporting Wyoming's clientele through tailored solutions and innovative strategies.

Safeco's Advisory Council serves as a collaborative, agent-driven forum designed to provide Safeco executives with unfiltered insights from the agent community. Council members play a vital role in shaping the future of Safeco by influencing processes, enhancing agent tools, and fostering stronger relationships between Safeco and its independent agency partners.

Jessica expressed her excitement about this opportunity:

Jessica J Weaver, CIC

"It is a tremendous honor to represent Wyoming agents and clients on Safeco's Advisory Council. Wyoming is a unique state with hardworking individuals and businesses that deserve unparalleled insurance solutions. I’m thrilled to bring their perspectives to Safeco while contributing to the success and empowerment of agents across the nation."

Jessica brings years of expertise as a Certified Insurance Counselor (CIC) and a deep commitment to helping clients navigate complex risks. Her passion for community-focused insurance aligns perfectly with Safeco's mission to elevate agent voices and develop tools and strategies that benefit both agents and their clients.

As a member of the Advisory Council, Jessica will engage in dialogue with Safeco leadership, advocate for practical solutions to industry challenges, and contribute to developing innovative products and processes that enhance the client experience. Through this role, she looks forward to strengthening Safeco’s agent network and enriching the lives of Wyoming residents by ensuring their insurance needs are met with the utmost care and professionalism.

For more information about Jessica’s work and Weaver Insurance Agency, please visit www.weaverinsurance.com.

About Weaver Insurance Agency: Weaver Insurance Agency is a veteran-owned, independent insurance agency based in Sheridan, WY. Specializing in Farm & Ranch, Commercial, and Medicare insurance, the agency takes pride in delivering personalized service and solutions tailored to the unique needs of its clients.

About Safeco Insurance: Safeco Insurance, a Liberty Mutual company, provides a broad range of personal insurance products for individuals and families. Through its Advisory Council, Safeco collaborates with agents to refine processes, address challenges, and implement solutions that elevate the agent and client experience.

#SafecoInsurance #AgentAdvisoryCouncil #2025

Navigating the Hard Market: The Role of Reinsurance and Fire Hazard Mapping in Wyoming's Insurance Landscape

In the insurance industry, the term "hard market" indicates a phase where securing coverage becomes more challenging and costly. This situation results from multiple factors, including an uptick in claims, diminished investment returns for insurers, and significant changes in the economic or regulatory environment that introduce greater uncertainty and risk.

One crucial element often overlooked in this scenario is reinsurance, which functions as insurance for insurance companies. This layer of protection allows insurers to spread the risk of large-scale claims, ensuring they don't bear all the potential losses alone. However, when reinsurers reach their "capacity for risk," it means they've hit the limit of what they can responsibly manage based on their available capital.

Implications for Insurance Companies:

Higher Reinsurance Costs: With limited capacity, reinsurance becomes more expensive, and these higher costs are typically passed down to consumers through increased premiums.

Growth Limitations: If insurers cannot secure sufficient reinsurance, they might restrain their policy offerings or refrain from entering risk-prone markets now that they are taking on the bulk of paying for their catastrophic losses.

Stricter Underwriting: Facing higher costs and reduced reinsurance backing, insurers become more selective, choosing to cover only those risks with a lower likelihood of leading to claims.

Direct Effects on Wyoming's Policyholders:

Rising Premiums: The costlier reinsurance directly translates to higher insurance premiums for the end consumers.

Reduced Insurance Availability: Particularly in Wyoming, where environmental risks like wildfires are significant, insurers may choose to limit or withdraw coverage in high-risk areas.

More Restricted Policies: Insurance policies might come with increased exclusions, higher deductibles, and capped coverage limits, all strategies to mitigate the insurer's risk exposure.

A specific factor exacerbating these challenges in Wyoming is the state's approach to fire hazard mapping. As insurers and reinsurers assess the risk profiles of different regions, detailed and up-to-date fire hazard maps become invaluable. These maps provide crucial data about the likelihood of wildfires in various areas, influencing both the availability of insurance and its cost.

For Wyoming—a state with vast rural areas and significant wildfire risks—accurate fire hazard mapping is critical. It informs reinsurance companies about the level of risk they're underwriting and helps insurers develop pricing strategies that reflect the true risk of fire-related losses. However, if these maps indicate high risk or are outdated, reinsurers might be even more cautious about extending capacity, leading to tighter conditions in the insurance market.

This dynamic underscores the importance of accurate, comprehensive fire hazard mapping as a tool not just for crisis management but for financial stability in insurance. It impacts how reinsurance capacities are determined and, by extension, affects the availability and affordability of insurance for homeowners, farmers, and business owners across Wyoming.

As we navigate this hard market, it's crucial for Wyoming's residents to understand how these factors interconnect—reinsurance, fire risk assessments, and local insurance availability. By fostering awareness and encouraging dialogue among policyholders, insurers, and policymakers, we can strive for a more resilient insurance market capable of withstanding financial pressures and natural hazards alike.

Jessica J Weaver, CIC

Agency Owner