Navigating the Hard Market: How Proactive Communications Are Essential to Retaining and Building Business Today November 21, 2022 By Steve Tombarelli Across all lines, the insurance industry is experiencing macro-hard markets, with large rate and premium increases, as well as re-underwritten...
Insider’s Report on Personal Lines Market: What’s Changed, What to Expect & How to Prepare November 21, 2022 By Rhonda K. Wade The personal lines sector took a beating in 2022 due to significant deterioration in personal auto, as well as rising...
D&O Pricing Falls 14.7% in Q3, Breaking 17 Quarters of Pricing Increases: Aon November 21, 2022 By Jahna Jacobson Directors and officers liability pricing fell 14.7% in the third quarter, according to a recent survey. Aon’s Financial Services Group’s...
Many Cyber Criminals Return After Ransomware Payments Are Made November 21, 2022 Over a third (36%) of companies who paid a ransom to cyber criminals went on to be targeted for a...
Declarations November 21, 2022 Oregon Fire Settlement “We went right up to trial and there was a settlement.” — Robert Julian, a lawyer for...
Better Isn’t Always Better November 21, 2022 By Bill Wilson A number of years ago, I worked with an agency that specialized in insuring residential condominiums. Their personal lines department...
FEMA Projects $3.5-$5.3B NFIP Losses for Hurricane Ian November 21, 2022 The Federal Emergency Management Agency has projected an initial estimate of Hurricane Ian losses for the National Flood Insurance Program,...
Insurers Say ‘Bazooka’ of Bogus Boys Scouts Claims Is Abuse of Bankruptcy System November 21, 2022 By Chad Hemenway A group of insurers — including subsidiaries of AIG, Liberty Mutual, Allianz, Sompo International, and Travelers — are challenging an...
Another Day, Another Insurance Regulator Failure November 21, 2022 By Chris Burand As I am writing this article, AM Best reported another property/casualty insolvency this morning. If I am not mistaken, more...
Questions Surround Accuracy of Federal Flood Maps November 21, 2022 By Allen Laman and William Rabb Wondering if you need flood insurance? There are maps for that. But some say the federal flood maps are inadequate...