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People Moves: DeCotis Specialty Adds Lyle and Downie to Commercial Lines Team

Dec 8 2023 // DeCotis Specialty Insurance, headquartered in Providence, Rhode Island added Lori Lyle as senior commercial lines account manager, and Jay Downie as a commercial lines insurance broker. Lyle joins DeCotis after spending...

Costs of Small Business Cyberattacks Are Down But Frequency Is Up, Says Hiscox

Dec 7 2023 // The less-than-encouraging news: Only a third (33%) of US small businesses consider cyber risk high or very high. The somewhat encouraging news: 53% of U.S. small businesses have either a standalone cyber insurance policy...

AM Best Maintains Stable Outlook for U.S. Property/Casualty Commercial Lines

Dec 6 2023 // Persistently strong underwriting performance during and after the global pandemic – despite substantial economic and capital markets volatility – has prompted AM Best to maintain its “stable” outlook for...

‘No Material or Sudden Changes’ in Commercial Insurance Pricing: WTW

Dec 4 2023 // Even though reinsurance executives are making noise about social inflation and liability rate inadequacy, WTW isn’t expecting any major changes in the pricing for commercial casualty or property insurance markets...

Business Execs Report Growing Employer, ESG Risk Concerns: Beazley

Dec 1 2023 // According to Beazley’s Spotlight on Business Risks report, 22% of global executives reported employer risk as the top business risk challenge they face in 2023—a notable share that has doubled in just two...

Missouri Employers Will See Reduced Workers’ Compensation Rates in 2024

Nov 30 2023 // The Missouri Department of Commerce and Insurance said that employers should see a reduction in workers’ compensation rates in 2024, the third straight year of declining rates. The NCCI recently proposed an overall...

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