National Section

Commercial Insurance Prices Increase First Time in 3 Years

Commercial insurance prices in the U.S. increased modestly in the first quarter of 2018, according to leading global advisory, broking and solutions company Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies written …

New Markets

Bakers Insurance Market Detail: Food Liability Insurance Program’s (FLIP) (www.fliprogram.com) bakers insurance protects bakers from third-party claims that might arise from their business operations. Covered claims may include slip-and-fall accidents, illnesses caused by baked products, or equipment loss. Baker insurance …

Global Commercial Insurance Market to Grow $170B in P/C Premium By 2021: Aon Inpoint

Global commercial property/casualty insurance premiums were worth approximately $730 billion in 2017, and by 2021, they will rise to nearly $900 billion. U.S. commercial P/C insurance premiums were worth $274.5 billion in 2017 and are forecast to rise to $331.5 …

Business Moves

Kemper, Infinity Kemper Corp. and Infinity Property and Casualty Corp. reported that the companies’ respective shareholders approved proposals related to the agreement announced in February under which Kemper will acquire Infinity. According to the companies, the proposals received overwhelming shareholder …

Nearly One-Third of Workers’ Comp Claim Payments Due to Construction Falls

Over the past five years, Nationwide processed more than 10,000 workers’ compensation claims due to a multitude of accidents from construction-related businesses. One of the most common — and costly — causes of claims occur when construction workers fall from …

24/7 Tech: Not Normal or Healthy

In an “always on” society – where we constantly carry mini-computers in our pockets that are capable of solving nearly any problem or desire with a tap, pinch or click – we can’t seem to escape the ever-increasing role that …

Insurtech Investments Hit New High in Q1: Willis Towers Watson

Insurtech investment deals reached a new high in the 2018 first quarter, with older insurers and reinsurers increasingly committing financing right along with traditional venture capitalists, Willis Towers Watson found. There were 66 insurtech investment deals during the quarter at …

Insider Viewpoint: How Contractors’ Use of Digital Surveillance Enhances Quality While Reducing Defect Litigation

In the quality assurance world, the days of clipboards, pencils and punch lists have gone the way of green eye shades and buggy whips. Today’s quality assurance is based on sophisticated, digitally generated business intelligence with ready application to counter, …

Major Growth Plans Ahead for Schinnerer Group – Now Rebranded as ‘Victor’

Big changes are ahead at The Schinnerer Group, a managing general underwriter (MGU), which is getting a new name – Victor – and has some major expansion plans. From its current premium base of $1.2 billion, Victor has plans to …

Declarations

Pesticide Safety “EPA’s indefinite suspension of critical pesticide safety training is reprehensible – and illegal.” — New York Attorney General Barbara D. Underwood said about a lawsuit she is leading with Attorneys General Xavier Becerra of California and Brian Frosh …

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