A Paradigm Shift, from ‘Buying Insurance’ to ‘Selling Risk’ May 2, 2022 By Hemant Shah Rising commercial property insurance costs have gotten the attention of executives across a broad cross-section of corporate America. Aon, a...
Cyber Premiums Rapidly Grew 74% in 2021: Fitch May 2, 2022 According to estimates by Fitch Ratings, direct written premiums (DWP) for standalone and packaged cyber insurance increased 74% to nearly...
Department of Labor Eyeing Arizona OSHA Plan May 2, 2022 The U.S. Department of Labor announced a proposal to reconsider and revoke final approval of Arizona’s State OSHA plan, which...
Partner Perspective From Uncertainty to Underwriting: How Specialty Markets Arise Presented by Vertafore Insurance has always been about helping people and businesses navigate uncertainty. And the industry has continually adapted to protect new...
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon May 2, 2022 By L.S. Howard Preliminary economic losses from natural hazards during the first quarter of 2022 totaled $32 billion, of which less than 50%...
California Workers’ Comp Committee OKs 7.6% Pure Premium Filing May 2, 2022 The governing committee of the Workers’ Compensation Insurance Rating Bureau of California authorized the WCIRB to submit a Sept. 1,...
Why Carriers Partner with Agency Networks May 2, 2022 By Joe Fisher If you’re an independent agent who is thinking about joining a network, you probably want to know what networks can...
ATV Is Not a Farm Vehicle, Virginia Court Rules May 2, 2022 The Virginia Supreme Court has ruled that an all-terrain vehicle (ATV) is not a “farm type vehicle” covered by a...
Appeals Court Upholds $25M Judgment Against College in Ohio April 18, 2022 An Ohio appeals court has upheld a $25 million judgment for a business that successfully claimed it was libeled by...
Secondary Perils Responsible for Growing Share of Disaster Claims: RMS April 18, 2022 By L.S. Howard Not only did natural catastrophes in 2021 break insurance claims records, but they also highlighted the growing cost of non-modeled...
Colorado City Allows Fire Victims to Rebuild Under Older Codes April 18, 2022 The Louisville City Council in suburban Denver voted in favor of allowing residents whose homes were significantly damaged or destroyed...