What To Expect From Commercial Property Insurance In 2022
Commercial property rates have seen double-digit increases for two straight years and Gary Wells, managing partner at The Liberty Company Insurance Brokers, does not foresee a notable drop any time soon. Last week you were reading What Goes Hand In Hand For Insurers? This week we’re bringing you: Lloyd’s announces partnership for new investment platform Lloyd’s […]
What Goes Hand In Hand For Insurers?
Data analytics in the property and casualty (P&C) insurance sector has become essential for creating products and solutions that can respond to the growing frequency and severity of natural catastrophe (CAT) events in North America. Last week you were reading How Can Organizations Reduce Their Cyber Insurance Premiums? This week we’re bringing you: Aviation Re/insurers […]
How Can Organizations Reduce Their Cyber Insurance Premiums?
Enterprise security company Panaseer has weighed in on how ransomware has impacted the cyber insurance market — and what organizations can do to reduce their premiums. Last week you were reading Insurance Tech Adoption – What To Consider Before Taking The Leap. This week we’re bringing you: Nationwide Expands Use of Leak Sensors for Homeowners Nationwide […]
Liberty Mutual Completes $1 Billion Acquisition
Liberty Mutual Insurance has announced that it has completed the acquisition of State Auto Group, a super-regional property-casualty insurance company based in Columbus, Ohio. Last week you were reading Agency Salary Survey: Why Money Isn’t Everything to Agency Hires. This week we’re bringing you: Alaska: Providing insurance in The Last Frontier* The Alaskan market […]
Agency Salary Survey: Why Money Isn’t Everything to Agency Hires | Top 4 Insights
Salaries and total compensation rose in 2021 for all levels of empoloyees reporting in the Insurance Journal Agency Salary Survey. Last week you were reading How Car, Home Inflation Is Driving Up Loss Costs for Insurers? This week we’re bringing you: First responder PTSD comp bills continue to trend* Four states in the first week […]
Usage Based Insurance – Zooming Towards A New Concept
The pandemic has triggered a notable uptick in usage based insurance (UBI), and the auto segment has been working towards developing the best digital solutions to keep money in clients’ pockets. Last week you were reading Does Wholesale Distribution Increase Costs For Insureds? This week we’re bringing you: Insurers Could Get Lower Rates on Liquidity […]
A View From The Top Of A ‘Healthy But Evolving’ Reinsurance Market
The global reinsurance market was described as “healthy but evolving” in Guy Carpenter’s January 01, 2022, renewals briefing. Last week you were reading Does Wholesale Distribution Increase Costs For Insureds? This week we’re bringing you: 10 Emerging Risks to Watch Reinsurance Market* Insurance Journal examined industries experiencing changes and a few challenges due to the […]
Does Wholesale Distribution Increase Costs For Insureds?
There is a long-standing assumption among insurance buyers that wholesale distribution is more expensive than retail distribution. Last week you were reading Governor Signs Insurance Bad Faith Statute For Auto Insurers. This week we’re bringing you: How insurtechs are accelerating growth* Kevin Stein learned quickly in early 2021 how much a contest win would jumpstart […]
Governor Signs Insurance Bad Faith Statute For Auto Insurers | No. 1 Guide For All
Governor signed Insurance Bad Faith Statute into law some legislation to allow policyholders to sue their auto insurers for as much as 3xs the applicable coverage amount. Last week you were reading Reinsurance Renewals Vary Significantly By Line. This week we’re bringing you: How to combat the ‘bullwhip effect’* Remember when we were bulk buying […]
Reinsurance Renewals Vary Significantly By Line | 2022 Definitive Guide
Reinsurance renewals rates fluctuated widely at Jan.1 renewals, with catastrophe losses and a constrained retrocessional reinsurance market driving property rates higher while casualty rates rose in a narrower range. Last week you were reading 2022 – The Age Of Online Insurance. This week we’re bringing you: Liability rate hikes ease as competition increases* Unusual loss […]
