AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023 August 19, 2024 The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss in the...
Global Q2 Commercial Insurance Rates Remain Flat, Ending 7 Years of Price Hikes: Marsh August 19, 2024 Global commercial insurance rates remained flat during the second quarter of 2024 (down from a 1% increase in Q1 2024),...
Personal Auto Driving P/C Insurers to 2024 Underwriting Profit August 19, 2024 By Susanne Sclafane S&P Global Market Intelligence is forecasting a combined ratio of 99.2 for the U.S. P/C insurance industry overall in 2024,...
Declarations August 19, 2024 ‘Deeply Dedicated’ to DEI “Wells Fargo is deeply dedicated to diversity, equity and inclusion and does not tolerate discrimination in...
Travelers: Costliest Claims Driven by Most Common Workplace Accidents August 19, 2024 Analysis of 1.2 million workers’ compensation claims reveals the costliest claims are driven by the most common workplace accidents, according...
Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $300M-$1B in Insured Losses August 19, 2024 By Chad Hemenway Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses,...
People & Places August 19, 2024 National Chubb has promoted Ana Robic and Ben Rockwell to senior vice presidents of Chubb Group. Robic currently is division...
10 Ideas to Keep Recruiting Activity High When Hiring Slows Down August 19, 2024 By Mary Newgard The best time to recruit is when you don’t have job openings. That motto reminds me to constantly work ahead,...
Public D&O Price Decreased 5.2% in Second Quarter, Says Aon August 19, 2024 The average price for directors & officers liability insurance decreased 5.2% per $1 million in limits in the second quarter,...
Houses of Worship and the State of Insurance August 19, 2024 By Patrick Wraight A recent Insurance Journal article decried the state of insurance for churches and it’s mostly about their property insurance issues...