When businesses do not take their vows to address environmental, cultural, social and political issues seriously they could be putting a target on their backs for hackers and placing their firms at greater risking of cyber attacks. That’s according to …
This is the 9th year that Insurance Journal editors have the pleasure of publishing the very best news in the industry — the good news about good deeds happening across the world thanks to dedicated insurance industry professionals. We have …
Welcome to the second edition of Insurance Journal’s 2021 Program Directory issue, published twice a year for agents and broker searching for available insurance markets and programs. Program business is an area of the insurance industry that has experienced significant …
Catastrophic weather events such as wildfires, hurricanes and floods caused 39% of home insurance claims in 2020 – the highest percentage in the last six years. According to the 2021, LexisNexis Home Trends Report, the loss cost in 2020 also …
The U.S. insurance industry’s top compliance shortcomings relate to claims handling noncompliance, including timeliness, required disclosures, payments and grievance and appeal processes–as well as underwriting, rating and insurance producer and sales issues. That’s according to a review by Wolters Kluwer …
Despite independent agents having long driven the lion’s share of property/casualty (P&C) insurance industry revenue, many have been feeling neglected by carriers who have had their sights set on the direct-to-consumer market for the past several years. That’s changing, according …
You might think robots and other forms of workplace automation gain traction due to their intrinsic value in reducing the cost of doing business. But a study co-authored by an MIT professor tells a different story: Robots are more widely …
As an insurance journalist and a parent with a 16-year-old son, soon to be on the roads, I know all too well the dangers that lie ahead when it comes to driving behavior. So much so I’m often advocating that …
There’s no question that commercial lines premiums have accelerated growth in independent agencies during the past two years. Insurance Journal’s Top 100 agencies in total reported generating nearly $8 billion more in commercial lines premium in 2020 over 2019. And …
New research finds that hands-free cellphone laws are associated with fewer driver deaths, and laws in 21 states allowing only hands-free cell phone use by drivers have prevented about 140 driver deaths and 13,900 driver injuries annually in the U.S. …
