The expansion of the insurance value chain to include risk mitigation has been underway for decades. But in recent years, it’s been rapidly progressing toward a tipping point where the “insurance” sector brand will be reinvented as “risk management and …
The insurance industry still has a lot of work to do when it comes to diversity, equity and inclusion. In fact, despite a strong DEI push across the industry, there was little change in racial, ethnic and gender representation among …
Full-year net income for U.S. property/casualty insurers increased slightly to $61.9 billion from $60.3 billion in 2020, but the industry turned in a $3.8 billion underwriting loss in 2021. The P/C industry posted a $5.2 billion underwriting gain in 2020 …
A judge in Washington ruled in favor of the insurance industry’s argument against Washington Insurance Commissioner Mike Kreidler’s emergency rule temporarily banning use of credit scoring. Kreidler’s emergency order prohibited insurers from using a consumer’s credit score to price auto, …
San Diego, CA (February 23, 2021) – Insurance Journal’s Academy of Insurance today announced the release of “Professional Lines Insurance: An Oral History: The People and Companies that Built a Niche,” by Larry Goanos, a book about the real-world workings …
Washington Insurance Commissioner Mike Kreidler reached out to insurance company CEOs in a letter and urged them to stand behind their recent pledges to end discrimination and racial inequities by supporting his proposal to ban the unfair practice of using …
Insurance Journal has launched a blog titled “Insurance Flipsides” to highlight stories that don’t often get told about the insurance industry. The editors would like this to be a collaborative effort and are asking for help from readers with suggestions …
The insurance industry has an image problem. That is probably not really breaking news to anyone reading this, but it’s an important topic to discuss and one the industry can address and, believe it or not, an issue that can …
Willis Great Britain CEO Nicolas Aubert issued a call to the re/insurance industry to embrace diversity. Challenging the status-quo, he said the industry needs to employ a truly meritocratic approach to hiring. Aubert was speaking at the start of the …
The average California auto insurance expenditure fell from 1989 to 2010, while every other state in the nation saw substantial increases over that same period, according to a Consumer Federation of America analysis auto insurance expenditures. The group attributes the …
