Features

Tough Times for Commercial Auto Insurance: Fitch

While the property/casualty industry has reported three consecutive years of significant underwriting profits, the commercial auto market as a whole reported an underwriting loss for the fifth consecutive year in 2015. In short, U.S. commercial auto insurance has evolved into …

Employee Engagement Platform Pays Off for Midwest Insurer

As the new chief information officer and senior vice president in charge of business transformation at property/casualty carrier, GuideOne Insurance, Doug Cretsinger faced some big challenges. He managed a staff of around 100 team members plus another 200 or so …

Drones: An Emerging Market Quickly Taking Flight

So what is all the buzz about? Lately it is about unmanned aerial vehicles (UAV) or drones, which are emerging as a valuable component in a vast array of American businesses and markets. While UAVs are generally associated with their …

Insurers Limit Earthquake Exposure in Oklahoma

As the number of earthquakes in Oklahoma exploded into the hundreds in the last few years, nearly a dozen insurance companies moved to limit their exposure, often at the expense of homeowners, a Reuters examination has found. Nearly 3,000 pages …

Workers’ Compensation Market Improved, Grew Premium in 2015: NCCI

The workers’ compensation market is healthy and profitable. This year’s “State of the Line” report, published by the National Council of Compensation Insurance (NCCI), indicates that the workers’ compensation calendar year 2015 combined ratio for private carriers was 94 percent. …

Another Part of Oklahoma Workers’ Comp Act Struck Down

The Oklahoma Supreme Court dealt another blow to the state’s 2013 workers’ comp overhaul by finding unconstitutional a provision of the Oklahoma Administrative Workers’ Compensation Act pertaining to the deferral of permanent partial disability benefits. Other recent rulings have represented …

What to Know About Travelers’ CGL Cyber Ruling

Experts are cautioning insurance buyers and sellers not to overreact to the recent federal court decision finding data breach defense coverage under a commercial general liability (CGL) policy. Buyers would be mistaken to think the ruling means that they do …

3 Years Later, West Fertilizer Plant Blast Ruled Intentional

The Houston Field Division of the federal Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) says the fire that caused an explosion that killed 15 people at the West Fertilizer Co. facility in West, Texas, three years ago was intentionally set. On May …

Large, Mid-Sized Agencies See Revenue Growth in Q1: Reagan

Organic revenue growth at privately-held large and mid-sized insurance agencies bounced to 5.1 percent for the first quarter of 2016, up from 4.6 percent for the full year 2015, according to the latest Reagan Consulting Organic Growth and Profitability (OGP) …

Earthquake Resilience & The Big One

Most people aren’t prepared for the big one. If there was one common theme at a three-day earthquake conference in downtown Long Beach, Calif., that was it. The National Earthquake Conference that took place in early May is a quadrennial …

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