National Section

The Year After Google Compare

Google’s entry into insurance lead generation and aggregation worried agents and carriers. Would Google disrupt the industry as they have so many other industries? Would they short circuit research-driven consumers by dominating the top results? The Google Compare concern was …

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U.S. Estimates Hurricane Matthew Damage to Recreational Boats at $110M

Hurricane Matthew, which threatened four coastal states as it corkscrewed through the Atlantic in early October, caused an estimated $110 million in damage to recreational boats, according to Boat Owners Association of The United States (BoatUS). The national safety organization …

W.R. Berkley Suspends Marine Underwriting in London: Sources

W.R. Berkley has put under review and is suspending underwriting for its London marine book until it can determine the direction of this business going forward. W/R/B Underwriting, the company’s Lloyd’s managing agent, is suspending its $30 million marine book, …

Top 10 Discrimination Claims in 2016

The U.S. Equal Employment Opportunity Commission (EEOC) said it resolved 97,443 charges of employment discrimination in fiscal year 2016 and secured more than $482 million for victims of discrimination in private, federal and state, and local government workplaces. Charges of …

Brit Launches Lutine Yacht Consortium with Capacity of $250M

Brit Ltd., the London-based specialty insurer, announced the launch of a new Lloyd’s consortium for yachts, called the Lutine Yacht Consortium. The consortium has a capacity of $250 million, offering 100 percent Lloyd’s security to insure motor and sailing vessels …

Get Ready for Another Year of ‘Cautious Optimism’ Predict P/C Executives

A panel of financial experts discussed the opportunities and challenges they see ahead in 2017 at the Insurance Information Institute’s (III) 21st Annual Property and Casualty Insurance Joint Industry Forum. The general sense across the board during the financial experts …

Top Agency/Broker Acquirers of 2016

The following information from InsuranceJournal.com and other sources reflects only transactions reported publicly. One of the most active recent acquirers of agencies and brokerages is Michigan-based Acrisure. The firm, bought by Gen star Capital in 2013, bought up more than …

Insurance Career Month: Why Industry Must Rethink Recruitment Strategies

With nearly 400,000 employees expected to retire from the insurance industry workforce within the next few years, according to the U.S. Bureau of Labor Statistics, it’s incumbent on carriers to consider the ways in which they communicate with and recruit …

The Super Rich Become Key Targets in Cyber World

Twenty years ago, we locked our doors and windows and had a good level of confidence that our homes were safe. If a burglar wanted in, he had to stake out a home and physically break into windows and doors …

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