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Mid-Market Firms Fall Short on Natural Catastrophe Risk Management: Assurex...
Middle market businesses in all parts of the world view their exposures to natural catastrophes as increasing but some fall short when managing these risks effectively, according to a new survey of...
View ArticleWorkers’ Comp Line Achieves ‘Significant’ Profit in 2015: Fitch
The U.S. workers’ compensation insurance market achieved a “significant” underwriting profit in 2015, but trends call into question whether such a result can be repeated, Fitch Ratings concluded in a...
View ArticleAutopilot Warning May Not Help Tesla in Crash Defense
Telling Tesla drivers its Autopilot feature doesn’t mean their cars can drive themselves may not be enough to keep Elon Musk off the hot seat if the technology comes up short. This month, two Teslas...
View ArticleUptick in Lawyers’ Liability Claims; Business Transactions Top Claim: Study
Law firms have seen an increase in the frequency of malpractice claims, which are becoming more costly to defend and could cause lasting reputational damage, according to a new study by insurance...
View ArticleInsurance Journal Co-Sponsors MarshBerry Market & Financial Survey:...
How are firms attracting and keeping new talent? How are organizations using data to provide their clients with insights into their business? Will historical growth rates be sustainable? What functions...
View ArticleViewpoint: How Trade Agreements Could Help P/C Insurers in Global Market
The insurance industry and its consumers need to be concerned about the recent rise of protectionist policies in markets around the globe. Our industry has played an important role in building a more...
View ArticleP/C Insurers Report $1.5B Net Underwriting Loss in First Half of 2016
Private U.S. property/casualty insurers reported a $1.5 billion net underwriting loss in the first half of 2016— the first year-to-date net underwriting loss in more than three years— and saw their net...
View ArticleWorkers’ Comp Benefits for Injured Workers Reach Historic Lows: Report
Workers’ compensation benefits as a share of payroll have reached historically low levels, according to a new study released this week. Despite growth in employment during the economic recovery — and...
View ArticleFormer Vermont Regulator Donegan Joins NCCI as Chief Regulatory Services Officer
Susan Donegan has been named as the new chief regulatory services officer for the NCCI. Donegan assumed the position on Sept. 19, and succeeds Helen Westervelt, who announced her retirement in January...
View ArticleHow Independent Agents Are Feeling About Growth, Technology and Disruption
Property/casualty independent insurance agents are more optimistic this year than they were in 2015. Nearly half (49 percent) of agencies responding to an industry survey say they are “very optimistic”...
View ArticleInsurance Associations AAMGA, NAPSLO Move Forward with Merger Talks
A possible merger of the nation’s two major excess and surplus lines organizations is on track. The American Association of Managing General Agents (AAMGA) and the National Association of Professional...
View ArticleInsurers’ Financial Strength, Brokers’ Expertise Drive Satisfaction in Large...
The profitability of an insurance company and the quality of advice given by an insurance broker makes the most difference when it comes to customer satisfaction for commercial insurance, a new...
View ArticleNJM Partners with American Modern to Offer Enhanced Collector Car Insurance
NJM Insurance Company has announced an expanded partnership with American Modern Insurance Group for coverage available in New Jersey and Pennsylvania. American Modern offers comprehensive collector...
View ArticleInsurance Rates for Architects, Engineers Stabilize or Decline in 2016: Survey
Although a slim majority of insurance companies providing architects and engineers professional liability insurance saw their rates stabilize in 2016, nearly one in three experienced modest decreases...
View ArticleSurvey: Agents Suggest How Carriers Can Move from ‘Good’ to ‘Great’
One would expect to see high levels of satisfaction between an independent agency and its top carrier, but that isn’t always the case. Peeling back the layers usually reveals fertile ground for...
View ArticleNAPSLO, AAMGA Members OK Merger; New Wholesale & Specialty Association Is Born
Members of the American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO) have approved a merger of the two associations,...
View ArticleWhat Agents Want from Carriers in 2022: Survey
Independent agents and brokers who work primarily in personal lines believe competitive pricing, carrier technology and customer service will be more important in five years than they are now. The...
View ArticleAIG Appoints Williamson as Global Head of Employee Communications
American International Group Inc. has appointed Anita Williamson as global head of employee communications, effective today. In this role, Williamson will develop and execute global programs to...
View ArticleDriver Concerns Over the Future of Autonomous Vehicles: AIG Study
Safety of the vehicles, including the risk of hacking, are key concerns when it comes to autonomous vehicles, according to a study by American International Group, Inc. on the whether or not Americans...
View ArticlePen Underwriting Builds on QBE Partnership with Irish P/C Capacity Deal
Pen Underwriting has extended its strategic relationship with QBE into the Republic of Ireland, with a new property & casualty capacity partnership in the highly specialist area of hazardous goods...
View ArticleInsurance Journal Seeks Industry Charity Stories for 2017
Insurance Journal’s Charity Issue will highlight some of the many charitable tales in insurance. Share your firm’s story on how you support the community. Enter your photos and a brief description of...
View ArticleThe Hartford Names Bush to Head Personal Lines
The Hartford has announced that Stephanie Bush, who has led small commercial since July 2014, will expand her responsibilities to include oversight for personal lines. She replaces Ray Sprague, who is...
View ArticleCommercial Automobile Remains Sore Spot in P/C: A.M. Best
The performance of the commercial automobile segment continued to deteriorate through third quarter 2017, according to a new A.M. Best report. Commercial auto has been a sore spot in the...
View ArticleThe Death of Underwriting and Underwriters
Underwriting is not dying. It is just being automated into digital algorithms versus analog human beings. Technology’s effect on life insurance underwriting is easiest to show by example. It is also...
View ArticleInsurers Broadening Architects, Engineers Liability Coverage: Survey
While the market for architects and engineers professional liability insurance remains intensely competitive, many insurers providing this coverage are weighing new policy enhancements that offer...
View ArticleAgencies Focus on Growing Larger Accounts: Channel Harvest Survey
Independent agents and brokers are focusing on growing the average size of their commercial lines accounts, according to “Agent Voices 2018,” a report based on a survey conducted earlier this year and...
View ArticleLiberty Mutual Restructures Distribution for Commercial & Specialty Products
Liberty Mutual has introduced a new distribution model for the U.S. in an effort to improve broker access to the insurer’s full suite of commercial and specialty insurance products. Shaun Kelly,...
View ArticleP/C Insurers Pulled Off Underwriting Turnaround in First 9 Months
Private U.S. property/casualty insurers reported a $4.7 billion net underwriting gain in nine-months 2018, a sharp turnaround from a $21.0 billion net underwriting loss a year earlier. The results were...
View ArticleAgents (Still) Looking for Underwriting Sweet Spot: Channel Harvest Survey
Whether technology is driving a “one size fits all” underwriting approach or carriers are narrowing their strike zone, this year’s independent agency survey from Channel Harvest reveals agents continue...
View ArticleWhat to Expect in Agency Technology
To say the agency technology space is robust is an understatement. Right now, the industry is seeing an “onslaught of technology available to enable agents and brokers to better manage, not only their...
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