Reinsurance demand has increased over the past 18 months, with the cession ratio across the global property/casualty insurance industry registering a small rise for the first time in several years, and the trend expected to continue for the remainder of …
There’s a new insurance market emerging in light of a disturbing reality in today’s world – active shooter risks. The new coverage is meant to address a gray area in insurance policies that may leave insureds vulnerable to claims in …
It’s always difficult to admit not being good at something — especially when you are the agency owner and leader of an insurance agency. But knowing a person’s weaknesses is extremely important. Leaders who understand their own weaknesses can find …
Emerging risks or traditional lines, innovation makes the difference The surplus lines market is eyeing another year of solid results for 2015. At press time, the final figures for 2015 surplus lines had yet to be released but according to …
The insurance industry is on the horns of a dilemma: how to use new technologies to improve operations and how to insure the risks these new technologies present to customers. Situation The pace of technology is changing at faster rates …
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The surplus lines industry continues to outperform the overall property/casualty market, but that doesn’t mean it’s not without its own challenges. The annual U.S. Surplus Lines – Segment Review, produced by A.M. Best with support from the NAPSLO/Derek Hughes Educational …
The rollout of autonomous vehicles in the next few decades could lead to a massive reduction in U.S. motor vehicle premiums in the coming years, Aon Benfield said in a new report. Expectations are that “industry pure premiums” will drop …
New York has increasingly asserted that unauthorized insurance companies — including surplus lines insurance companies — are subject to New York insurance franchise tax. However, there are several arguments against these broad impositions of tax. Unlike traditional premium taxes, New …
7 Key Trends Producers Should Watch to Keep from Being Left Behind In “Left Behind,” the first book in an apocalyptic series by Tim LaHaye and Jerry Jenkins, the main characters find themselves scrambling to adjust to the sudden loss …
